Last $101.75 USD
Change Today +0.98 / 0.97%
Volume 4.6M
TIF On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
McClatchy-Tribune  06/18/2014 9:36 PM ET
Advance Auto Parts to create 600 jobs in Raleigh [The News & Observer (Raleigh, N.C.) :: ]

June 18--RALEIGH -- Advance Auto Parts plans to create 600 jobs in Raleigh by the end of 2017 as it opens a corporate support center in the city.

The company was awarded a state incentives package on Wednesday worth more than $17.4 million if it meets hiring and investment milestones.

The announcement comes about six months after Advanced Auto completed its $2.04 billion acquisition of Raleigh-based General Parts International. General Parts was founded in downtown Raleigh a half-century ago and later developed a national chain of more than 2,600 Carquest auto parts stores. The company had about 500 employees in Raleigh at the time of the acquisition.

Advanced is moving into General Parts' offices on E. Millbrook Road. The company's chief executive officer, president and chief financial officer are all relocating to Raleigh from Roanoke, Va. Advance Auto also plans to have a second corporate support center in Roanoke.

"We are pleased to partner with North Carolina and we are delighted that Raleigh, along with Roanoke, will be part of our effort to organize our corporate operations around two Store Support Centers in the Southeastern United States," CEO Darren Jackson said in a statement. "These locations will play an important role in our efforts to serve our customers, drive profitable growth and support the needs of the communities in which we operate."

The average annual wage for the new jobs in Raleigh will be $110,770, more than double the Wake County average. The positions will include merchandising, marketing, supply chain and commercial sales.

Advance Auto, which has more than 5,000 stores in North America and 256 in North Carolina, chose Raleigh over Roanoke for its second support center, according to state Commerce Department officials.

The company currently employs 3,823 in North Carolina.

Jurney: 919-829-4384

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TIF:US $101.75 USD +0.98

Industry News

Bebe stores, inc. Announces Quarterly Dividend

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TIFFANY & CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.