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| History | |||||||||||||
| 2>
In 1932 Arthur Taubman opened Advance Stores, LLC., with two stores in Roanoke and one in Lynchburg, Virginia.
The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.
In April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi. On November 28, Advance acquired 671 Discount Auto Parts, Inc., a regional auto parts chain in Florida, Alabama, Georgia, South Carolina, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states.
In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto Parts Stores in northern Virginia, Washington, DC, and eastern Maryland.[4][5]
Advance now operates over 3,800 locations in 40 states including Puerto Rico & the Virgin Islands using the following branded names: Advance Auto Parts, Advance Discount Auto Parts, and Western Auto (Puerto Rico & Virgin Islands).[citation needed]
Also, in 2010 Advance Auto Parts announced a deal with Monster Jam to become the title sponsor. The company sponsors a truck on the circuit called the Advance Auto Parts Grinder.
[edit] Tags:Reliable Sources,Challenged,Type,Retail,Automotive,Roanoke,Va,Usa,Chairman,Board,Ceo,Us$,East Aldine,Unincorporated,Harris County, Texas,Goodlettsville, Tennessee,Virginia,United States,Western Auto,Sears, Roebuck And Co.,Trak Auto Parts,Monster Jam,Fortune 500,Forbes Magazine,Training Magazine,Information Technology,Information Week,Juvenile Diabetes Research Foundation,Virginia Portal,Companies Portal, | |||||||||||||
| Recognitions | 2>
Advance Auto Parts is the second-largest automotive aftermarket retailer in the United States based on sales and store count. The company premiered on the Fortune 500 list of companies in 2003 at No. 466 and has remained on the list since that time. As of January 2006, it was ranked at No. 1,497 on the Forbes magazine "World's Biggest Public Companies" list, and in 2005 Forbes named it as being the best-managed company in the retail sector.[citation needed]
Advance's organizational development and training programs were named to Training Magazine's Top 100 list in 2003 at No. 54, and the company has remained on the list since that time.[citation needed] Advancedate's Information Technology department has been nationally recognized by being named to the Information Week 500 list of top ranking business users of technology every year since 2003, when the company debuted on the list at No. 448.[citation needed]
Advance has received numerous recognitions for charitable contributions. The company has been nationally recognized for its fundraising for the Juvenile Diabetes Research Foundation (JDRF), having donated more than $20 million since 1994.[citation needed]
[edit] | Tags: References | 2>
^ a b c Advance Auto Parts (AAP) annual SEC income statement filing via Wikinvest
^ a b Advance Auto Parts (AAP) annual SEC balance sheet filing via Wikinvest
^ "About Us - History of Advance Auto Parts". Advance Auto Parts. http://corp.advanceautoparts.com/about/history.asp. Retrieved February 27, 2012.
^ "Advance Auto Buys 55 Stores". The Roanoke Times. July 24, 2002. http://nl.newsbank.com/nl-search/we/Archives?p_product=RO&p_theme=ro&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F5006039DDC27FA&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. Retrieved February 27, 2012.
^ "Advance Auto Parts to Acquire Trak Auto Parts Stores in Washington, D.C., Northern Virginia, and Eastern Maryland Markets" (Press release). Advance Auto Parts. July 23, 2002. http://phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-newsArticle&ID=503439&highlight=. Retrieved February 27, 2012.
[edit] | Tags: External links | 2>
Virginia portal
Companies portal
Cars portal
Advance Auto Parts
Advance Auto Parts Mobile Web Site
Retrieved from "http://en.wikipedia.org/w/index.php?title=Advance_Auto_Parts&oldid=481936226"
Categories: Companies listed on the New York Stock ExchangeCompanies established in 1932Automotive part retailers of the United StatesCompanies based in Roanoke, VirginiaHidden categories: Articles needing additional references from April 2011All articles needing additional referencesAll articles with unsourced statementsArticles with unsourced statements from August 2011Articles with unsourced statements from April 2011Article Feedback 5
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