Advance Auto Parts
Encyclopedia
Advance Auto Parts headquartered in Roanoke
, Virginia
, is the second-largest retailer of automotive replacement parts and accessories in the United States
. AAP was founded in 1932 and had 2008 sales of approx. $5.1B. AAP operates 3,540 stores in 40 US states and employs over 51,000 Team Members across all operations.
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 202 stores along the Atlantic Seaboard.
opened Advance Stores, LLC., with two stores in Roanoke and one in Lynchburg, Virginia. On April 29, 1932, Arthur Taubman purchased Advance Stores. He promptly closed the second store in Roanoke, which was located only three blocks from the first.
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.
Advance now operates over 3,500 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).
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
.
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.
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. 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.
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.
Roanoke, Virginia
Roanoke is an independent city in the Mid-Atlantic U.S. state of Virginia and is the tenth-largest city in the Commonwealth. It is located in the Roanoke Valley of the Roanoke Region of Virginia. The population within the city limits was 97,032 as of 2010...
, Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...
, is the second-largest retailer of automotive replacement parts and accessories in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. AAP was founded in 1932 and had 2008 sales of approx. $5.1B. AAP operates 3,540 stores in 40 US states and employs over 51,000 Team Members across all operations.
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 202 stores along the Atlantic Seaboard.
History
In 1929 the founders of the Pep BoysPep Boys
The Pep Boys — Manny, Moe & Jack , branded as Pep Boys Auto and commonly abbreviated as Pep Boys, is a full-service and tire automotive aftermarket chain....
opened Advance Stores, LLC., with two stores in Roanoke and one in Lynchburg, Virginia. On April 29, 1932, Arthur Taubman purchased Advance Stores. He promptly closed the second store in Roanoke, which was located only three blocks from the first.
The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto
Western Auto
Western Auto Supply Company was a specialty retail chain of stores that supplied automobile parts and accessories. It operated approximately 1200 stores across the United States. It was started in 1909 in Kansas City, Missouri, by George Pepperdine, who later founded Pepperdine University...
, 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
Herbert Haft
Herbert H. Haft was a Washington, D.C. based businessman who was famous first for the development of discount stores in the drug store, bookstore, and auto part businesses, and later as a corporate raider...
Stores in northern Virginia, Washington, DC, and eastern Maryland.
Advance now operates over 3,500 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).
Also, in 2010 Advance Auto Parts announced a deal with Monster Jam
Monster Jam
Monster Jam is a live motorsport event tour and television show operated by Feld Entertainment. The series is sanctioned under the umbrella of the United States Hot Rod Association and takes place primarily in the United States and around the world...
to become the title sponsor. The company sponsors a truck on the circuit called the Advance Auto Parts Grinder
Advance Auto Parts Grinder
The Advance Auto Parts Grinder is a monster truck currently touring on the Monster Jam Circuit. It debuted in 2010 along with Advance Auto Parts title sponsorship. It is one of the most popular trucks on the circuit and is scheduled at most every event on the circuit...
.
Recognitions
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 500Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
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.
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. Advancedate's Information Technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
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.
Advance has received numerous recognitions for charitable contributions. The company has been nationally recognized for its fundraising for the Juvenile Diabetes Research Foundation
Juvenile Diabetes Research Foundation
JDRF is the leading global organization focused on type 1 diabetes research. Driven by volunteers connected to children, adolescents, and adults with this disease, JDRF is the largest charitable supporter of T1D research...
(JDRF), having donated more than $20 million since 1994.