Advance Auto Parts 2011 Annual Report Download - page 5

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Our priorities and initiatives have driven our success over
the last three years. Our four strategies — Commercial
Acceleration, DIY Transformation, Availability Excellence
and Superior Experience — have focused our efforts and
priorities. We reframed our business to put our customers
at the center of everything we do. We set out to understand
our customers’ pain points and developed tools and
redesigned systems to address those pain points, and
positioned our team to better serve our customers.
Our stockholders bene ted from strong growth in our stock
price this year. In addition, our Company achieved a full
investment grade credit rating after being upgraded by
Moody’s and Standard and Poor’s. These rating upgrades
are independent validations that the work we’ve done to
transform Advance is paying off
—
both in our eyes and
our investors’ eyes.
Overall, I am very pleased with our strategic and  nancial
accomplishments in 2010, which include:
• Expansion of our store portfolio by opening 110 new
Advance stores and 38 new Autopart International stores
• Expanded our availability through nearly 1,000 store-
level inventory upgrades and by opening two new PDQs
and 24 HUBs
— continued on page 4
2010 Annual Report |3