Pep Boys Turns to MapInfo To Be Location Intelligent; MapInfo Delivers National Real Estate Strategies to Leading Auto Parts and Service Retail Chain
TROY, N.Y.--May 9, 2006--MapInfo Corporation , today announced that Pep Boys is using MapInfo's location intelligence solutions to optimize its strategic site selection and market deployment initiatives. MapInfo has delivered tailored research, services and software that enable Pep Boys to develop site and market sales forecasts, prioritize sites and markets for expansion, and determine the optimum number and placement of locations to maximize penetration and profitability.Pep Boys is the nation's leading full-service automotive aftermarket chain, with almost 600 stores and more than 6,000 service bays in 36 states and Puerto Rico. MapInfo is working with Pep Boys to help evaluate its national real estate portfolio to determine relocation, consolidation and new site opportunities.
"With MapInfo, Pep Boys is now able to evaluate real estate opportunities before we head out into the field. We know where we need to be and can execute our real estate strategy faster than ever before," said Joe Cirelli, senior vice president - Service at Pep Boys. "By using MapInfo software and consulting services, Pep Boys knows how many stores it can support across the United States market by market, how neighboring stores might cannibalize sales, and how to optimize a market-wide deployment strategy. Our site evaluation processes are now proactive versus reactive and this translates to decreased time to market."
"In a business world of shifting demographics and heavy competition, developing a sound, strategic real estate expansion plan can be one of the most important initiatives a company undertakes," said Mike Hickey, COO at MapInfo. "MapInfo has built a reputation as the leader in location intelligence by providing the world's leading brands with the products and consulting services to successfully implement their strategic real estate, operational and market development decisions."
About MapInfo Corporation
MapInfo is a global company and the leading provider of location intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, N.Y., MapInfo is on the World Wide Web at www.mapinfo.com.
MapInfo is a trademark of MapInfo Corporation and/or its subsidiaries and affiliates.
Of Note
This press release contains forward-looking statements involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of MapInfo products and integration of MapInfo products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's most recent quarterly report on Form 10-Q filed with the Securities and Exchange Commission under the heading "Factors Affecting Future Performance." MapInfo takes no responsibility to update any forward-looking statements.