Advance Auto Parts operates 4,781 stores, most in the U.S. It relocated from Roanoke, Virginia, to Raleigh in 2018 after North Carolina and local governments offered the company a combined $12 million in economic incentives. As part of the deal, the maker of aftermarket auto parts pledged to create 435 new jobs at its new corporate home.

A news release from Advance Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers.

Advance Auto Parts is tightening its belt as the company's stock price continues its downward trend. Advance Auto Parts is closing more than 700 stores and a handful of distribution centers, the Raleigh-based company disclosed Thursday after releasing another poor earnings report.