|Exchange:||New York Stock Exchange|
|Stock:||Advance Auto Parts Inc|
|Advance Auto Parts, Inc. was founded in 1929 as Advance Stores Company, Incorporated. It is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items operating within the United States. Its stores carry an extensive product line for cars, vans, sport utility vehicles and light trucks. The Company serves both do-it-yourself, or DIY, and ‘do-it-for-me,’ or Commercial, customers. It operates in two reportable segments: Advance Auto Parts, or AAP, and Autopart International, or AI. At December 29, 2012, it operated 3,576 AAP stores throughout 39 states in the Northeastern, Mid-Atlantic, Southeastern and Midwestern regions of the United States, Puerto Rico and the Virgin Islands. These stores operated under the ‘Advance Auto Parts’ trade name except for certain stores in the state of Florida, which operated under the ‘Advance Discount Auto Parts’ trade name. These stores offer a broad selection of brand name and proprietary automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars and light trucks. In addition, it operated 26 stores under the ‘Western Auto’ and ‘Advance Auto Parts’ trade names, located in Puerto Rico and the Virgin Islands, or Offshore. AI's business mainly serves the Commercial market, with an emphasis on parts for imported cars, from its store locations located mainly throughout the Northeastern and Mid-Atlantic regions of the United States and Florida. In addition, its North American Sales Division serves warehouse distributors and jobbers throughout North America. The vast majority of AI’s product is sold under its own proprietary brand. The AI stores offer approximately 30,000 SKUs through routine replenishment from its supply chain with access to an additional 100,000 to 120,000 SKUs through local sourcing networks. The Company owns a number of trade names and own and have federally registered several service marks and trademarks, including “Advance Auto Parts,” “Autopart International,” “DriverSide,” “MotoLogic,” and “Service is its best part,” for use in connection with the automotive parts retailing business. Its primary competitors are both national and regional retail chains of automotive parts stores, including AutoZone, Inc., O'Reilly Automotive, Inc. and The Pep Boys–Manny, Moe & Jack. The Company is subject to various federal, state and local laws and governmental regulations relating to the operation of its business, including those governing recycling of automotive lead-acid batteries and used automotive oil, and ownership and operation of real property.|
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