As of Apr 21, 2018, the company operated 5,175 stores, 131 Worldpac branches, and served approximately 1,225 independently owned Carquest branded stores in 49 states, the District of Columbia, Puerto Rico, the Virgin Islands and Canada.
In fiscal 2017, the company opened 60 new stores and closed or consolidated 66 stores. During the first three months of fiscal 2018, the company opened 7 new stores and closed or consolidated 15 stores. At year-end, the company reported they will halt opening new stores until improving performance of the existing store base.
At year-end, the company leased 36.0 million square feet and owned 6.2 million square feet dedicated to stores and branches. Initial terms for leases are typically 10 to 15 years, with renewal options at five year intervals.
Advance Auto Parts (AAP) stores are generally located in freestanding buildings in areas with high vehicle traffic counts, good visibility and easy access to major roadways and to commercial customers. The average size of an AAP store is 7,500 square feet with the size of typical new store ranging from approximately 6,000 to 8,500 square feet. Carquest locations are freestanding buildings that average approximately 7,600 square feet. Worldpac branches are generally larger than other store locations and average approximately 28,000 square feet.
|Total gross square feet (M)||41,721||41,746||41,737||42,185||43,338||29,701|
|Total gross square feet growth||-0.6%||0.0%||-1.1%||-2.7%||45.9%||6.8%|
|Avg store gross sq ft||8,100||8,100||8,000||8,000||8,100||7,300|
|Avg store gross sq ft growth||-0.3%||0.1%||0.9%||-1.2%||10.0%||0.1%|
Notes:Reflects acquisition of General Parts International in Jan 2014, which added 1,233 Carquest stores, 103 Worldpac branches and 1,400 independently-owned Carquest stores