Advance Auto Parts

Putting aside a worse than expected fourth quarter loss, regional discounter Fred’s could be on the cusp of more meaningful growth after assembling a roster of top executive talent under the leadership of CEO Jerry Shore and president Mike Bloom.

Advance Auto Parts has appointed a longtime GE executive as it supply chain leader. 

Todd Greener has been named senior vice president and will lead the company’s supply chain function in its efforts to support Advance Auto Parts stores and customers.

Ann Arbor, Mich. - Watch out Amazon, QVC is at your back—at least when it comes to  customer satisfaction.  

Advance Auto Parts demonstrated strength in its second quarter performance in one of the retail industry’s hottest sectors.

Roanoke, Va. -- Advance Auto Parts beat Wall Street projections with a 19% profit increase in the second quarter – from $116.9 million last year to $139.5 million.

The acquisition of General Parts drove sales up 52%, to $2.35 billion, from $1.55 billion in the same quarter last year. Wall Street anticipated $2.32 billion.

"We remain on pace against our base business expectations, integration milestones and with our financial performance,” said Advance CEO Darren Jackson.

 

Jim Wade, who has 35 years of experience in retail, is the newest member of closeout retailer Tuesday Morning’s board of directors. Wade will be part of the board’s audit committee.

Dallas -- Tuesday Morning Corp. has named Jim Wade, a 35-year retail veteran, as an independent member of the company's board of directors, effective immediately. He will serve on the company's Audit Committee.

Wade currently serves on the board of directors and Finance Committee for Advance Auto Parts Inc. He first joined Advance Auto Parts in 1994 as treasurer, and retired as president in 2011 with responsibilities including store operations and both the DIY and commercial businesses.  

Advance Auto Parts has appointed David Allen as SVP, supply chain management. Allen will report to Charles Tyson, EVP, merchandising, marketing and supply chain, and will be based in Raleigh, North Carolina.

Allen will lead the supply chain function in its efforts to support Advance’s stores and commercial customers. This includes developing strategies to support the integration of Advance’s supply chain with Carquest.