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Carquest
Carquest Corporation is an American automotive parts distribution network that is currently owned and operated by Advance Auto Parts via independent retailers associated with the network as "Carquest Auto Parts". As of October 4, 2014 Advance operated 5,305 stores, 109 Worldpac branches. Advance Auto Parts and Carquest Auto Parts employs approximately 75,000 employees. The partnership between Advance Auto Parts and the Los Angeles Dodgers ended when Advance closed all of its California stores. Explanation Advance Auto Parts closed all of its California stores as part of a restructuring plan to improve profitability and focus on its best-performing stores. The company's restructuring plan also includes consolidating distribution centers and opening new stores in higher-performing regions. The partnership between Advance Auto Parts and the Los Angeles Dodgers included in-stadium signage, store displays, and community activities. The partnership ended when Advance closed all of its California stores. Advance Auto Parts has been struggling with declining sales due to fewer drivers repairing their cars. The company has also been cutting costs in store operations, merchandise excellence, and supply chain.
The Carquest marketing alliance and distribution network was formed in 1974 by O. Temple Sloan of General Parts, Dan Bock of Bobro Products, and Joe Hughes of Indiana Parts Warehouse. In response to competition from high-volume retail stores, Sloan believed "that programmed distribution through a cooperative alliance would be the most effective means to remain competitive." According to a 1994 Bangor Daily News article, the company was "made up of 14 distributing companies operating 64 Carquest Auto Parts Stores throughout the United States" at that time.
General Parts was the largest member with General Parts owning 1,400 out of Carquest’s 3,400 auto parts stores across North America by 2011. O. Temple Sloan Jr. started General Parts in 1961.[citation needed]
Founding member Bobro was later sold to White Plains Automotive in 1984 and renamed B.W.P. Distributors.[citation needed] BWP was later acquired by Advance Auto in 2012.[citation needed] Dan Bock later served as president of Carquest.[citation needed]
Founding member Indiana Parts Warehouse was acquired by the third founder General Parts in 1991. Indiana Parts had served 90 locations.[citation needed]
Carquest acquired Worldpac in 2004, but kept its operations separate.
General Parts received $258 million in 2011 for selling 33 of the company’s distribution centers and office buildings in a long-term sale-leaseback deal.
In June 2012, Carquest Auto Parts relaunched its Carquest.com website, offering buy online, pick up in store commerce.
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Carquest
Carquest Corporation is an American automotive parts distribution network that is currently owned and operated by Advance Auto Parts via independent retailers associated with the network as "Carquest Auto Parts". As of October 4, 2014 Advance operated 5,305 stores, 109 Worldpac branches. Advance Auto Parts and Carquest Auto Parts employs approximately 75,000 employees. The partnership between Advance Auto Parts and the Los Angeles Dodgers ended when Advance closed all of its California stores. Explanation Advance Auto Parts closed all of its California stores as part of a restructuring plan to improve profitability and focus on its best-performing stores. The company's restructuring plan also includes consolidating distribution centers and opening new stores in higher-performing regions. The partnership between Advance Auto Parts and the Los Angeles Dodgers included in-stadium signage, store displays, and community activities. The partnership ended when Advance closed all of its California stores. Advance Auto Parts has been struggling with declining sales due to fewer drivers repairing their cars. The company has also been cutting costs in store operations, merchandise excellence, and supply chain.
The Carquest marketing alliance and distribution network was formed in 1974 by O. Temple Sloan of General Parts, Dan Bock of Bobro Products, and Joe Hughes of Indiana Parts Warehouse. In response to competition from high-volume retail stores, Sloan believed "that programmed distribution through a cooperative alliance would be the most effective means to remain competitive." According to a 1994 Bangor Daily News article, the company was "made up of 14 distributing companies operating 64 Carquest Auto Parts Stores throughout the United States" at that time.
General Parts was the largest member with General Parts owning 1,400 out of Carquest’s 3,400 auto parts stores across North America by 2011. O. Temple Sloan Jr. started General Parts in 1961.[citation needed]
Founding member Bobro was later sold to White Plains Automotive in 1984 and renamed B.W.P. Distributors.[citation needed] BWP was later acquired by Advance Auto in 2012.[citation needed] Dan Bock later served as president of Carquest.[citation needed]
Founding member Indiana Parts Warehouse was acquired by the third founder General Parts in 1991. Indiana Parts had served 90 locations.[citation needed]
Carquest acquired Worldpac in 2004, but kept its operations separate.
General Parts received $258 million in 2011 for selling 33 of the company’s distribution centers and office buildings in a long-term sale-leaseback deal.
In June 2012, Carquest Auto Parts relaunched its Carquest.com website, offering buy online, pick up in store commerce.