Advance Auto Parts (NYSE: AAP), headquartered in Roanoke, Virginia,[3] is the second-largest retailer of automotive replacement parts and accessories in the United States. AAP was founded in 1932 and had 2008 sales of approx. $5.1B. AAP operates 3,540 stores in 40 US states and employs over 51,000 Team Members across all operations.
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 195 stores along the Atlantic Seaboard.
In 1929 the founders of the Pep Boys opened Advance Stores, LLC., with two stores in Roanoke and one in Lynchburg, Virginia. On April 29, 1932, Arthur Taubman purchased Advance Stores. He promptly closed the second store in Roanoke, which was located only three blocks from the first.
The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.
In April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi. On November 28, Advance acquired 671 Discount Auto Parts, Inc., a regional auto parts chain in Florida, Alabama, Georgia, South Carolina, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states.
In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto Parts Stores in northern Virginia, Washington, DC, and eastern Maryland.
Advance now operates over 3,500 locations in 40 states including Puerto Rico & the Virgin Islands using the following branded names: Advance Auto Parts, Advance Discount Auto Parts, and Western Auto (Puerto Rico & Virgin Islands).
* Advance Auto Parts, a leading automotive aftermarket retailer, has implemented the Oracle® Retail Merchandising System to localize offerings and improve profitability at 3,500 stores in 39 states, Puerto Rico and the Virgin Islands.
* In the first of a multi-phase program, the specialty retailer has completed the implementation of Oracle Retail Merchandising and Oracle Retail Price Management, establishing a single, flexible IT system that tells the retailer how items and categories are performing in groups and by stores, and enables the business to quickly execute merchandise and pricing changes.
* The Oracle Retail system is part of a larger transformation at Advance Auto Parts in which the company is establishing a more agile, flexible business to cater to customer preferences, improve performance and respond to market opportunities.
* Oracle helped the retailer integrate Oracle Retail Merchandising System and Oracle Retail Price Management with existing systems, adopt new business processes and convert approximately 760,000 SKUs from disparate legacy systems to a single SKU master. They also conducted testing mock conversions so that the final conversion took just two days to complete.
* Advance Auto Parts implemented the Oracle Retail applications with minimal changes and adopted new merchandising, supply chain and store operations processes that aligned with the system.
* Oracle Retail Price Management gives store and merchandising teams greater flexibility and control over pricing strategies, including zone and category pricing.
* Advance Auto Parts is now implementing Oracle Retail Allocation, and will use the application to help to optimize inventory and streamline supply chain, planning and allocations processes across all locations.
Supporting Quotes
* After the successful deployment, Geraldine Schleuter, Vice President of information technology, Advance Auto Parts, said, “I was so impressed with the way the different companies worked together and collaborated to bring the best results.”
* “With Oracle Retail Merchandising in place, we see item information down to the stores and can execute merchandise and pricing strategies much faster,” said Schleuter. “As we continue to rollout the Oracle Retail applications, we will enable the business to optimize inventory and streamline allocation and replenishment.”
* “Oracle Retail applications equip Advance Auto Parts to adapt and improve their business and continue their remarkable transformation as a retailer,” said Andrea Morgan-Vandome, vice president of strategy and solution marketing, Oracle Retail. “We are very pleased to support Advance Auto Parts’ growth by delivering value and helping them meet their strategic business initiatives.”
Supporting Resources
* Advance Auto Parts Overhauls Merchandising System (Integrated Solutions for Retailers Cover Story)
* About Advance Auto Parts
* Oracle Retail Merchandising System
* Oracle Retail Price Management
* Oracle Now for iPhone
* Oracle Now for Android
* Join the Oracle Retail community on Facebook
* Insight-Driven Retailing Blog
* Oracle Retail YouTube Channel
* Follow Oracle Retail on Twitter
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 195 stores along the Atlantic Seaboard.
In 1929 the founders of the Pep Boys opened Advance Stores, LLC., with two stores in Roanoke and one in Lynchburg, Virginia. On April 29, 1932, Arthur Taubman purchased Advance Stores. He promptly closed the second store in Roanoke, which was located only three blocks from the first.
The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.
In April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi. On November 28, Advance acquired 671 Discount Auto Parts, Inc., a regional auto parts chain in Florida, Alabama, Georgia, South Carolina, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states.
In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto Parts Stores in northern Virginia, Washington, DC, and eastern Maryland.
Advance now operates over 3,500 locations in 40 states including Puerto Rico & the Virgin Islands using the following branded names: Advance Auto Parts, Advance Discount Auto Parts, and Western Auto (Puerto Rico & Virgin Islands).
* Advance Auto Parts, a leading automotive aftermarket retailer, has implemented the Oracle® Retail Merchandising System to localize offerings and improve profitability at 3,500 stores in 39 states, Puerto Rico and the Virgin Islands.
* In the first of a multi-phase program, the specialty retailer has completed the implementation of Oracle Retail Merchandising and Oracle Retail Price Management, establishing a single, flexible IT system that tells the retailer how items and categories are performing in groups and by stores, and enables the business to quickly execute merchandise and pricing changes.
* The Oracle Retail system is part of a larger transformation at Advance Auto Parts in which the company is establishing a more agile, flexible business to cater to customer preferences, improve performance and respond to market opportunities.
* Oracle helped the retailer integrate Oracle Retail Merchandising System and Oracle Retail Price Management with existing systems, adopt new business processes and convert approximately 760,000 SKUs from disparate legacy systems to a single SKU master. They also conducted testing mock conversions so that the final conversion took just two days to complete.
* Advance Auto Parts implemented the Oracle Retail applications with minimal changes and adopted new merchandising, supply chain and store operations processes that aligned with the system.
* Oracle Retail Price Management gives store and merchandising teams greater flexibility and control over pricing strategies, including zone and category pricing.
* Advance Auto Parts is now implementing Oracle Retail Allocation, and will use the application to help to optimize inventory and streamline supply chain, planning and allocations processes across all locations.
Supporting Quotes
* After the successful deployment, Geraldine Schleuter, Vice President of information technology, Advance Auto Parts, said, “I was so impressed with the way the different companies worked together and collaborated to bring the best results.”
* “With Oracle Retail Merchandising in place, we see item information down to the stores and can execute merchandise and pricing strategies much faster,” said Schleuter. “As we continue to rollout the Oracle Retail applications, we will enable the business to optimize inventory and streamline allocation and replenishment.”
* “Oracle Retail applications equip Advance Auto Parts to adapt and improve their business and continue their remarkable transformation as a retailer,” said Andrea Morgan-Vandome, vice president of strategy and solution marketing, Oracle Retail. “We are very pleased to support Advance Auto Parts’ growth by delivering value and helping them meet their strategic business initiatives.”
Supporting Resources
* Advance Auto Parts Overhauls Merchandising System (Integrated Solutions for Retailers Cover Story)
* About Advance Auto Parts
* Oracle Retail Merchandising System
* Oracle Retail Price Management
* Oracle Now for iPhone
* Oracle Now for Android
* Join the Oracle Retail community on Facebook
* Insight-Driven Retailing Blog
* Oracle Retail YouTube Channel
* Follow Oracle Retail on Twitter