ABOUT ADVANCE Advance is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. The company was founded in April 1932, when Arthur Taubman purchased three stores in Virginia. In 2014, Advance acquired General Parts International, Inc., a leading privately held distributor
As of January 1, 2022, we employed approximately 68,000 team members and generated $11.0 billion in net sales in 2021. At year end 2021, we operated 4,706 stores, 266 Worldpac branches primarily within the United States, Canada, Puerto Rico and the U.S. Virgin Islands. We also served 1,317 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. As a leader in the aftermarket automotive parts industry, all of us at Advance appreciate the important role we must play in finding solutions to the environmental and social challenges that our industry faces. We are committed to actively participating in leading trade organizations and working with our industry peers whenever possible to find innovative and responsible common solutions. Ultimately, we all share a common goal: leaving the world a better place for future generations.
and supplier of original equipment and aftermarket replacement products for commercial markets operating under the Carquest and Worldpac brands. Since the acquisition, we have done the important work of integrating Advance, Carquest, Autopart International and Worldpac, which includes moving our headquarters to Raleigh, NC in 2018. In 2019, we acquired the DieHard® brand and in mid-2020 we launched our #DieHardisBack marketing campaign, which helped DieHard become a billion-dollar brand for Advance Auto Parts in 2021.
ADVANCE AUTO PARTS OVER THE YEARS
Advance, which operates more than 1,700 stores in 38 states, announces it is buying Discount Auto Parts, a publicly traded operator of 667 stores. The merger puts Advance on the New York Stock Exchange (NYSE: AAP) in early 2002.
Advance acquires Autopart International, Inc., a commercial wholesaler of automotive parts, increasing the company’s focus on both retail and professional customer sales.
Advance designates Raleigh, NC as its corporate headquarters, noting its increased focus on technology and omnichannel sales.
The company changes its name to Advance Auto Parts focusing on the sale of automotive aftermarket parts and accessories.
DieHard ® becomes a billion-dollar brand.
Arthur Taubman buys three retail stores, named Advance Stores, in Virgina.
Advance Auto Parts buys 550 Western Auto Supply Company/Parts America stores from Sears, Roebuck & Co., almost doubling the company’s size.
Advance debuts at No. 466 on the Fortune 500.
Advance acquires General Parts International, Inc., a leading privately held commercial supplier of automotive parts.
Advance acquires the iconic DieHard ® brand.
2021 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 7
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