Advance Auto Parts 2007 Annual Report Download - page 17

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Information technology, logistics and other investment projects that did not demonstrate an acceptable
return or support our new direction have been eliminated. Instead, we have turned our focus toward
those projects that will help us achieve our new strategic goals. We reduced our projected number
of store openings in 2008 to 115 stores, halted our 2010 store remodel program, and have moved the
opening of our new Remington, IN distribution center to the beginning of 2010.
Overall, we have identified more than $70 million in expense reduction
initiatives for 2007 and 2008. We believe the expense reductions
we have put in place will not compromise future sales
growth; rather, they will result in a better business model
and, of course, having a well-oiled machine
means a smooth ride
in the future.
15
MARCUS THOMPSON,INVENTORY TRAINER