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Home > Company Index > Retail > Auto Parts Retailing & Wholesale > Advance Holding Corporation

Advance Holding Corporation
 PROFILE
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
AutoZone, Inc. (AZO)
Genuine Parts Company (GPC)
Wal-Mart Stores, Inc. (WMT)

 FINANCIAL OVERVIEW
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
• Lawrence P. Castellani
    CEO
• Jimmie L. Wade
    CFO

 CONTACT INFO
5673 Airport Rd.
Roanoke, VA 24012
US
Phone: 540-362-4911
Fax: 540-561-1448
Online: Web Site

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