Advance Auto Parts said it will lease retail space of 109 Pep Boys stores in California, converting them into Advance stores.
The conversion will happen over the next 9 to 12 months, the company said.
The leasing opportunity does not include Pep Boys Service Centers, a press release from Advance said. “The agreement with Pep Boys was signed earlier this month and will enable Advance to augment its omnichannel and national footprint in a key, strategic market,” the release said.
“The agreement announced today only reinforces Pep Boys Service position as a leading repair and maintenance provider for consumers and fast-growing fleets on the West Coast,” said Brian Kaner, CEO, Pep Boys & Icahn Automotive Service Division. “The agreement this year will provide us with an opportunity to refresh our Service Center locations and reinvest in the market to meet emerging customer needs, particularly as demand for electric vehicle service grows in the region.
“In addition, there’s a significant convenience advantage to having Pep Boys Service Centers located in proximity to a leading parts provider such as Advance — just another way Pep Boys is continuing to deliver on our promise to our customers: We go further to help you go farther.”
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