PROFILE |
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Advance Holding has turned the auto parts retailing business into less of a one-company race. Now the #2 chain after its 1998 acquisition of Sears, Roebuck's Western Auto Supply (AutoZone is #1), Advance operates more than 1,700 retail stores under the Advance Auto Parts and Western Auto names in 37 states, Puerto Rico, and the US Virgin Islands. It also sells merchandise through more than 620 independently owned Western Auto stores in 48 states. Advance has partnered with CSK Auto to form PartsAmerica.com, an online auto parts seller. Formed in 1929, Advance was sold in 1998 to investment firm Freeman Spogli, which now controls about 49%. Sears received 41% of Advance's stock in the Western Auto deal.
COMPETITION |
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AutoZone, Inc. (AZO)
Genuine Parts Company (GPC)
Wal-Mart Stores, Inc. (WMT)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 2,288.00
1-Yr. Sales Growth: 3.7%
Employees: 26,000
Revenue per employee: $88,000.00
KEY PEOPLE |
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Lawrence P. Castellani
CEO
Jimmie L. Wade
CFO
CONTACT INFO |
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5673 Airport Rd.
Roanoke, VA 24012
US
Phone: 540-362-4911
Fax: 540-561-1448
Online: Web Site
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