Advance Auto Parts 2014 Annual Report Download - page 10

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at our stores, we have 405 larger stores, known as HUB stores, which stock an additional 15,000 less common SKUs
that are available to our stores within the HUB store's service areas on a same-day or next-day basis.
Carquest - Consists of 1,125 stores as of January 3, 2015 generally located in freestanding buildings with a heavy
focus on the Commercial customer, but also serving the DIY customer. The average size of a Carquest store is
approximately 7,500 square feet. These stores carry a wide variety of products serving the aftermarket auto part needs
for both domestic and import vehicles with a product offering of approximately 19,000 SKUs. Supplementing the
inventory on-hand at our stores, we have 16 HUB stores providing additional SKUs on a same-day or next-day basis.
We have already begun our integration plan to fully convert or consolidate the Carquest stores with our Advance Auto
Parts stores over the next few years and are in the process of completing product conversions to align the product
offering between our Carquest and Advance Auto Parts stores. As of January 3, 2015, Carquest also served
approximately 1,325 independently-owned stores which operate under the Carquest name.
As of January 3, 2015, we also operated 38 stores under the Carquest name that were acquired as part of the
acquisition of B.W.P. Distributors, Inc. ("BWP") on December 31, 2012. These locations are expected to be converted
or consolidated with our Advance Auto Parts stores over the next few years.
Worldpac - Consists of 111 branches as of January 3, 2015 that principally serve Commercial customers utilizing an
efficient and sophisticated delivery process. The Worldpac branches are generally larger than our other store locations
averaging approximately 30,000 square feet in size. Worldpac specializes in imported, OEM parts. Worldpac's
complete product offering includes over 120,000 SKUs for over 40 import and domestic vehicle carlines.
Autopart International - Consists of 210 stores as of January 3, 2015 operating primarily in the Northeastern, Mid-
Atlantic and Southeastern regions of the United States focusing on the Commercial customer. These stores specialize
in imported aftermarket and private label branded auto parts. The AI stores offer approximately 33,000 SKUs through
routine replenishment from its supply chain.
We acquired the Carquest and Worldpac operations as part of our acquisition of GPI on January 2, 2014. We have plans to
fully integrate the Carquest company-operated stores and overall operations into Advance Auto Parts over the next few years
and to integrate the availability of all of our product offerings throughout the entire chain. In the short-term, we have been able
to utilize cross-sourcing of inventory between most of our locations to expand availability and the breadth of our product
offerings to better meet the needs of our customers.
Through our integrated operating approach, we also serve our customers online at www.AdvanceAutoParts.com,
www.Carquest.com and www.Worldpac.com. Our Commercial customers, consisting primarily of delivery customers for
whom we deliver product from our store or branch locations to our Commercial customers’ places of business, can
conveniently place their orders online through these websites. Our online websites also allow our DIY customers to pick up
merchandise at a conveniently located store or have their purchases shipped directly to their homes.
We strive to be the leader in the automotive aftermarket industry by fulfilling our promise, 'Service is our best part®',
through our Superior Availability and Service Leadership strategies. We offer our customers quality products which are
covered by a solid warranty. Many of our products are offered at a good, better or best recommendation differentiated by price
and quality.
The primary categories of products we offer include:
• Parts, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts,
clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires,
steering and alignment parts, transmissions, water pumps and windshield wiper blades;
• Accessories, including air fresheners, automotive paint, anti-theft devices, emergency road kits, floor mats, ice
scrapers, mirrors, seat and steering wheel covers, and vent shades;
• Chemicals, including antifreeze, brake and power steering fluid, car washes and waxes, freon, fuel additives, and
windshield washer fluid;
• Oil, transmission fluid and other automotive petroleum products; and
• Other miscellaneous offerings, including certain eServices.
The product in our store locations is generally arranged in a uniform and consistent manner based on standard store formats
and merchandise presentation. The parts inventory is generally located on shelves behind the customer service counter with the
remaining product, or front room merchandise, arranged on the sales floor to provide easy customer access, maximize selling