Advance Auto Parts is a leading retailer of automotive parts, accessories, and maintenance items in the United States. The company operates over 5,000 stores across the country and employs over 74,000 people. Advance Auto Parts is a publicly traded company on the New York Stock Exchange (NYSE: AAP) and is a component of the S&P 500 index.
The company was founded in 1932 by Richard E. Jacobs and Arthur Taubman. Jacobs and Taubman had both worked for General Motors (GM) previously and saw an opportunity to provide GM with aftermarket auto parts at a time when GM was struggling financially. Advance Auto Parts opened its first store in Roanoke, Virginia in 1931.
The company quickly expanded throughout the mid-Atlantic region of the United States.
Advance Auto Parts went public in 1968 and began trading on the NYSE. The company continued to expand throughout the 1970s and 1980s, both through organic growth and through acquisitions. In 2005, Advance Auto Parts acquired General Parts International, Inc., a leading distributor of automotive replacement parts and accessories.
Today, Advance Auto Parts is one of the largest retailers of automotive parts and accessories in the United States. The company has over 5,000 stores across the country and employs over 74,000 people.
Does Advance Auto Parts get paid weekly?
Advance Auto Parts does not disclose how often it pays its employees, but it is likely that employees are paid at least bi-weekly given that most companies follow this pay schedule. Many retailers also offer their employees access to direct deposit, which allows employees to receive their paychecks electronically on their payday.