How low can it go? We will see. Continuing to lose the commercial CARQUEST business they bought. What a bunch of college educated genius we have running this company. The problem is we probably have too much Harvard, Princeton, Yale or even maybe Notre Dame graduates who don't know nothing about the parts business but think they know it all.
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Advance, garbage parts, garbage management, garbage service = Garbage Stock
If Worldpac is selling that crappy driveworks their customers won't last long Everything Advance touches turns to crap!
AAP aka the destroyer!!!
Purchases perfectly good companies and ruins everything!!
AI and CQ are perfect examples. Once a great place to work, and had huge commercial market shares.
WP is now selling Driveworks????
You want to turn things around?
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Stock the stores with quality and quantity. Not the same Chinese crap everyone else has.
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Massive salary cuts for top executives, and NO BONUS!!! I know you may have to sell one of your vacation homes lol.
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OR you could always sell the company to one of the competitors who still understands how this business works... My stock likes option 3
Nice work morons!
BTW I've always prefer'd Coke products ;P
There seems to be a complete lack of understanding that they are in 2 industries simultaneously: omnichannel retail and commercial parts distribution. Trying to run them both out of the same box under the same brand creates constant tradeoffs that undermine performance in one sector or both. Imagine if Ace Hardware acquired Grainger Industrial Supply and tried to run both businesses out of the same box, with the same staff, under the same Ace Hardware brand. It would destroy the commercial parts relationships and signal to the commercial customers they were not serious about the commercial parts business. It would also drive costs too high to be competitive in retail. Two once-great companies would die a slow, painful death.
Yes folks we have all the great minds running the company straight off the cliff!
Not saying that we don’t have some of the smartest and well educated talent but I am saying it has to be evident by now they don’t have a clue about the parts business!
To which Advance has none of these qualifications
Unfortunately not all retail strategies from other companies work well in auto parts, it's a different animal. It's an industry where experience, knowledge, and service get you to the front of the pack.
Hey Brain Trust, the poster states certain colleges and you address none of them but defend these brainiacs because they worked for other fortune 500 companies, none that you stated were in any way automotive related. So I agree with the original post and add you get some real automotive people involved and get more employees in the stores to help customers and hire real car people that know what they are doing. Tired of dealing with snot nose kids that are paid min wage and no nothing about vehicles. Stop being such a tight wad company.
And apparently AAP got all the underperformers from those companies. There’s a fine line between jumping ship and being fired.
You are so wrong and so far from the truth. Our leaders have yes business degrees but, they have also worked with most of the Fortune 500 companies out there today. Some worked for Pepsico (multiple executives), Frito Lay, dollar tree ,GM, Bain & Co these are just to name a few. Please get your facts right before spewing out incorrect and false information.