Advance Auto Parts launches new store concept to target the do-it-yourself (DIY) consumer
In November 2021, Advance announced Carquest by Advance as a new retail concept targeting the emerging automotive DIY customer. These stores carry a core selection of DIY automotive parts and products, as well as the use of Advance’s network of national and local suppliers that carry other parts. Carquest by Advance also offers free curbside services, such as battery installation and testing, in-store parts pickups, wiper blade installations and DIY-friendly hours. The company plans to expand to markets across the US where Advance currently does not have a strong presence.
Product Innovation|New Activity|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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