Advance Auto Parts 2011 Annual Report Download - page 29

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14
process transactions and manage inventory. Any such loss, if widespread or extended, could adversely affect the
operation of our business and our results of operations.
We may be affected by global climate change or by legal, regulatory, or market responses to such change.
The growing political and scientific sentiment is that global weather patterns are being influenced by increased
levels of greenhouse gases in the earth’s atmosphere. This growing sentiment and the concern over climate change
have led to legislative and regulatory initiatives aimed at reducing greenhouse gas emissions. For example,
proposals that would impose mandatory requirements on greenhouse gas emissions continue to be considered by
policy makers in the United States. Laws enacted that directly or indirectly affect our suppliers (through an increase
in the cost of production or their ability to produce satisfactory products) or our business (through an impact on our
inventory availability, cost of sales, operations or demand for the products we sell) could adversely affect our
business, financial condition, results of operations and cash flows. Significant increases in fuel economy
requirements or new federal or state restrictions on emissions of carbon dioxide that may be imposed on vehicles
and automobile fuels could adversely affect demand for vehicles, annual miles driven or the products we sell or lead
to changes in automotive technology. Compliance with any new or more stringent laws or regulations, or stricter
interpretations of existing laws, could require additional expenditures by us or our suppliers. Our inability to respond
to changes in automotive technology could adversely impact the demand for our products and our business, financial
condition, results of operations or cash flows.
Item 1B. Unresolved Staff Comments.
None.