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Website: http://www.advanceautoparts.com Advance Auto Parts is the nation's second-largest retailer of automotive parts, batteries, maintenance items and accessories. The company serves both the do-it-yourself and professional installer markets. The company has 3,261 stores in 40 states, Puerto Rico and the Virgin Islands. The company expects to open 100 new stores in 2008 and close 10-15. In fiscal 2007, Advance Auto reported revenues of $4.84 billion and net income of $238.3 million. History In 1932, Arthur Taubman purchased a small chain of home and auto supply stores in Roanoke, VA and one in Lynchburg, VA. Advance Stores carried a wide variety of merchandise, including appliances, TV sets, toys and bicycles, and operated under Arthur Taubman's strict four-point philosophy: value, reputation, satisfaction, respect. During the 1970's, the company modernized the name of its stores to Advance Auto. The newly renamed chain of stores eliminated home appliances and several other products and concentrated increasingly on its core automotive parts business. The 1980's began a rapid, yet carefully planned, expansion. As part of this expansion, Advance Auto began to sharpen its marketing focus on automotive hard parts for "do-it-yourselfers". In order to meet the needs of these customers, the Company introduced its new PDQ, Parts Delivered Quickly, system in 1982. This innovative service allowed customers access to more than 25,000 automotive components (in excess of 250,000 today), within a 24-hour period. In 1985, to emphasize the PDQ system and the Company's dedication to automotive hard parts, Advance Auto's name evolved into Advance Auto Parts. Over the past few years, Advance Auto has made several acquisitions, including: Carport Auto Parts, Discount Auto Parts and Kar Parts Auto Stores. Benefits - Health Care Plan (Medical, Prescription
Drugs, Dental And Vision Benefits) Updated February 13, 2008
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