Pep Boys Plans No Additional Store Closures
1 November 2000
Pep Boys Plans No Additional Store Closures
Business EditorsPHILADELPHIA--Nov. 1, 2000--In conjunction with the recently announced plan to enhance the profitability of the Company, Pep Boys closed 38 unprofitable stores on the morning of October 28, 2000. Those stores are listed below.
The Company is generally pleased with the performance of its remaining 627 stores and does not contemplate closing any additional stores in the near future.
California (1) East Puente Hills
(L.A./Orange Cty)
Connecticut (1) Bristol
Florida (1) Cape Coral
Illinois (1) Forest Park (Chicago)
Indiana (4) Michigan Rd (Indianapolis)
Muncie
Kokomo
Ft. Wayne
Louisiana (2) Lapalco (New Orleans)
Chalmette (New Orleans)
Massachusetts (2) Pittsfield
Revere (Boston)
Michigan (10) Flint West (Flint)
Port Huron (Grand Rapids)
Clinton (Detroit)
Garden City (Detroit)
Oak Park (Detroit)
Lincoln Park (Detroit)
Southgate (Detroit)
Saginaw
West Dearborn
Bay City
New York (5) Niagara Falls
Cheektowaga (Buffalo)
Rotterdam (Albany)
Five Towns (Long Island)
Westvale (Syracuse)
Ohio (2) Franklin Park (Toledo)
Airport Highway (Toledo)
Oregon (3) Beaverton (Portland)
McLoughlin (Portland)
Salem (Portland)
Texas (1) West Bellfort (Houston)
Washington (5) Mill Plain (Vancouver)
Hazel Dell (Vancouver)
Federal Way (Seattle)
Bremerton (Seattle)
Spokane Valley (Spokane)
Note: Certain statements made herein, including those discussing management's expectations for future periods, are forward-looking and involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies and retail and commercial consumers' ability to spend, the health of the various sectors of the market that the Company serves, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, location and number of competitors' stores and product and labor costs. Further factors that might cause such a difference include, but are not limited to, the factors described in the Company's filings with the Securities and Exchange Commission.