Advance Auto Parts Named 'Best Managed Company in America' in
Retail Sector by Forbes Magazine
ROANOKE, Va., Jan. 26 /PRNewswire-FirstCall/ -- Advance Auto Parts, Inc. (NYSE:AAP), a leading retailer of automotive parts and accessories, announced
that it has been named the "Best Managed Company in America" in the retail
sector in the January 10, 2005, issue of Forbes Magazine. This recognition is
part of the annual Forbes Platinum 400 list of top-performing big corporations. The best-managed companies are those businesses that top the rankings in 26
different industries.
"As we begin a new year, we are honored to receive this prestigious honor from
Forbes Magazine," said Larry Castellani, Chairman and Chief Executive Officer
of Advance Auto Parts. "We're especially proud to be designated the best
managed company in the retail category," he noted. "This validates our view
that the automotive aftermarket industry offers excellent opportunities for
growth and that Advance is capturing both market share and mindshare. What we
are most proud of is this recognition is a reflection of the commitment of our
over 37,000 Team Members to providing legendary service for our customers." According to Forbes Magazine, "To create the Forbes Platinum 400 -- the Best
Big Companies in America -- we ran computer screens across 26 industries for
companies with at least $1 billion in revenue and high rankings for corporate
practices as well as long- and short-term sales and earnings growth and stock
market performance. After additional scrutiny, our writers and editors
selected the best managed company in each industry." According to the Forbes
ranking, the Company generated $3.7 billion in sales over the prior 12 months
and boasts an average five-year sales growth of 21%.
The full article can be viewed at:
http://www.forbes.com/free_forbes/2005/0110/153a.html About Advance Auto Parts, Inc.
Headquartered in Roanoke, VA, Advance Auto Parts is a leading retailer of
automotive parts and accessories in the United States. At October 9, 2004, the
Company had 2,612 stores in 39 states, Puerto Rico and the Virgin Islands. The
Company serves both the do-it-yourself and professional installer markets.
Additional information about the Company, employment opportunities, services,
as well as on-line purchase of parts and accessories can be found on the
Company's web site at http://www.advanceautoparts.com/. DATASOURCE: Advance Auto Parts, Inc.
CONTACT: Laurie Crawford of Advance Auto Parts, Inc., +1-540-561-8452, Web site: http://www.advanceautoparts.com/ http://www.forbes.com/free_forbes/2005/0110/153a.html
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