A friend of mine who owns a shop told me about this a couple days ago, just had a chance to confirm it online
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If the link doesn't explain, Advance is buying Carquest... which sucks from my perspective; I have a much higher opinion of Carquest than I do Advance :/ Also, there is a Carquest in a shopping center a long walk from me and an Advance a block farther away; I'm assuming that one of those two stores will close. NAPA is too far to walk (I could ride a bike, but there's a really scary intersection I'd have to navigate across a major highway...)
Actually NAPA bought an independent parts chain with 5 or 6 locations that I really liked a few years back, but honestly, the quality and service doesn't seem to have suffered at all, I always did like NAPA so that wasn't a totally horrible deal from a consumer's perspective.
nate