U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.44 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.96 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,753.90
    -2.80 (-0.16%)
     
  • Silver

    22.36
    -0.43 (-1.90%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.34%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.43%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.16%)
     
  • BTC-USD

    47,986.88
    +558.14 (+1.18%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.71 (+0.58%)
     

CarParts.com Announces Grand Prairie, Texas Distribution Center Expansion

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • CarParts.com Inc's (NASDAQ: PRTS) Grand Prairie, TX distribution center is nearly doubling in size, reaching a length of 366,000 square feet.

  • The expanded warehouse footprint will increase CarParts.com's distribution center network to over 1 million square feet. It will allow the company to add 125 full-time positions to its Grand Prairie location when fully operational in Q1 2022.

  • The company will also open a call service center at the location, offering a convenient pick-up option for both online and commercial customers in the area.

  • This expansion will increase inventory for brand partners and create more space for CarParts.com's premium brands like TrueDrive, DriveWire, DriveMotive, JC Whitney, and the SureStop brake product line.

  • The company held cash and equivalents of $45.9 million as of April 3, 2021.

  • Price action: PRTS shares traded higher by 1.78% at $17.70 in the market session on the last check Wednesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.