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By Counterman
link hidden, please login to viewannounced the acquisition of Kohl Auto Parts, a trusted name in McCook, Nebraska for decades. This move strengthens Arnold Motor Supply’s commitment to providing top-quality parts and service to automotive professionals and DIYers, the company said. A news release about the acquisition explained that Kohl Auto Parts has a rich history, originally founded as Sidles in the 1950s before becoming Mr. Automotive in the 1970s. Neal Kohl purchased the store in 1986, and his son, Barry Kohl, took ownership in 1992. Barry later rebranded the business as Kohl Auto Parts in 1999. Over the years, it has become a staple in the McCook community, known for its expertise and customer service.
“We’re honored to continue the legacy built by the Kohl family and to bring expanded products and support to the McCook area,” said Eric Johnson, president and managing partner at Arnold Motor Supply. “Customers can expect the same great service with even more resources at their fingertips.”
Arnold Motor Supply said the acquisition ensures a seamless transition, giving customers access to its extensive inventory, technical expertise and strong distribution network.
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By Counterman
link hidden, please login to view (NMG) announced it is celebrating 50 years of aftermarket innovation, marking the journey that began with the founding of Transtar Aftermarket Solutions on April 1, 1975. As NexaMotion looks ahead to the next 50 years, it now has 125 locations and over 1,500 team members, representing the industry’s leading brands in transmission and general repair, the company said. “Our commitment to supporting repair shops goes beyond being a supplier of products,” said Neil Sethi, CEO of
link hidden, please login to view. “We look to develop innovative solutions to help simplify complex vehicle repairs. This requires more than just auto parts; it requires a dedicated partner. Today, as we look ahead to our next 50 years, we will continue to innovate and expand our parts selection, network and new solutions to help our customers evolve and advance in an increasingly complex industry.” NexaMotion Group said it has been on an aggressive growth and expansion plan over the last two years, acquiring five different businesses that align with the company’s long-term strategic plan, growth trajectory and goals. The company continues to invest in state-of-the-art tools, platforms and technologies like
link hidden, please login to view to help drive the success of auto repair shops. According to Sethi, connected vehicles are poised to transform how vehicles are diagnosed and repaired. “Technology is reshaping the future of automotive repair,” he said. “We’ll be able to leverage AI tools and platforms to streamline the process for repair shops from diagnostics to parts ordering and all the way through to vehicle programming.” He added, “As an innovation-driven company, we will remain at the forefront of developing trends by being a solutions provider.”
As NexaMotion Group looks ahead to the next 50 years, connected vehicles are set to transform the repair shop ecosystem. The company’s products and services will be an integral part of this evolving landscape. Staying closely aligned with customer needs, NexaMotion Group said it remains committed to its mission: simplifying complex vehicle repair to keep the world moving.
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By Counterman
Advance Auto Parts announced it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. The company said optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, Advance said it now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year,
link hidden, please login to view has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company said it expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin. Advance added it is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said
link hidden, please login to view. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.” In addition to new store openings, Advance said it is creating a better customer experience. The company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs, and improved inventory and delivery. The company said it is also providing additional training to team members to enhance customer experience.
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By Advance Auto Parts
Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
Optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.
Advance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
In addition to new store openings, Advance is creating a better customer experience. The Company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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