News By Topic: Parts Dealers

New Campaign Returns to Heritage of ``Trust the Midas Touch''

Mar 4, 2004

ITASCA, Ill.--March 4, 2004--Midas, Inc. is returning to its heritage of trust, first used in Midas advertising in the 1980s, in the first marketing campaign from its new national advertising agency DDB Chicago collaborating with Ogilvy & Mather Toronto. "Trust is the essence of any brand and a differentiating and endu ... Continue reading

Pep Boys Reports 14% Comp Sales Increase; Adjusted EPS of $.12 vs. Guidance of $.02 - $.04

Mar 4, 2004

PHILADELPHIA--March 3, 2004--The Pep Boys - Manny, Moe & Jack , the nation's leading automotive aftermarket retail and service chain, announced the following results for the fourth quarter and fiscal year ended January 31, 2004. Operating Results Fourth Quarter Sales Sales for the thirteen weeks ended January 31, 2004, ... Continue reading

Exxon MobilCorp UK Regulatory Announcement: ExxonMobil Opens Its 1,000th on the Run Convenience Store

Mar 3, 2004

IRVING, Texas-- ExxonMobil today announced that the 1,000th On the Run(R) convenience store has opened in Elmira, N.Y. The facility is operated by Petr-All Petroleum Consulting Corporation. "This is a great milestone for the On the Run franchise," said Mark Shores, U.S. retail sales director for ExxonMobil. "The fact t ... Continue reading

SCO Files Copyright Infringement Lawsuit Against AutoZone

Mar 3, 2004

Lawsuit Alleges Copyright Act Violations for Infringing Uses of SCO's Copyright Protected UNIX System V Technology LAS VEGAS, March 3 -- The SCO Group, Inc. , the owner of the UNIX(R) operating system and a leading provider of UNIX-based solutions, today announced it has filed suit against AutoZone, Inc., for its alleg ... Continue reading

AutoZone EPS up 32% to $1.04; Total Sales Up 3.4%; ROIC Improves to 24.5%

Mar 3, 2004

MEMPHIS, Tenn., March 3 -- AutoZone, Inc. today reported sales of $1.159 billion for its second fiscal quarter (12 weeks) ended February 14, 2004, an increase of 3.4% from fiscal 2003. Same store sales, or sales for domestic stores open at least one year, were flat overall. Retail same store sales were down 1% while AZ ... Continue reading

Earl Scheib Announces Two Additions to the Board of Directors

Mar 3, 2004

SHERMAN OAKS, Calif.--March 2, 2004--Earl Scheib, Inc. (AMEX:ESH) announced that its Board of Directors appointed James P. Burra and Salvatore J. Zizza as members of the Board of Directors and accepted the resignation of Gregory Helm from the Board, all effective March 1, 2004. Mr. Helm resigned to pursue other interes ... Continue reading

Exide Signs Exclusive Supply Agreement with TBC Corporation

Mar 2, 2004

PRINCETON, N.J., March 2 -- Exide Technologies, (BULLETIN BOARD: EXDTQ) ( www.exide.com ) a global leader in stored electrical-energy solutions, recently was awarded an exclusive supply agreement by TBC Corporation , one of the largest marketers of automotive replacement tires in the U.S. This alliance represents a sig ... Continue reading

Monro Muffler Brake, Inc. Completes Mr. Tire Acquisition

Mar 2, 2004

ROCHESTER, N.Y.--March 2, 2004--Monro Muffler Brake, Inc. today announced that it has completed its previously announced acquisition of 36 leased Mr. Tire locations from privately held Mile One Automotive. The acquired locations generated approximately $50 million in sales last year and will expand the Company's market ... Continue reading

Diamond Powersports' Sales Up 127% for the Month of February

Mar 2, 2004

FORT LAUDERDALE, Fla., March 2 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company has just finished another record month for sales and gross profit. The company finished the month of February very strong with sales up 127% from the previous year and gross profit up 218% during th ... Continue reading

Motor Vehicle Owners' Right to Repair Act Introduced in U.S. Senate

Mar 1, 2004

ALEXANDRIA, Va., March 1 -- David Parde, president of the Coalition for Auto Repair Equality (CARE), has today announced a major step forward for motoring consumers with the introduction of SB 2138, The Motor Vehicle Owners' Right to Repair Act, into the U.S. Senate. U.S. Senator Lindsey Graham (R-SC) introduced SB 213 ... Continue reading

Plaintiffs' Attorney Joseph Lisoni in National Class Action Lawsuit Responds to Firestone Recall of Steeltex Tires

Feb 27, 2004

PASADENA, Calif.--Feb. 26, 2004--Bridgestone/Firestone North American Tire, LLC. (BFNT) announced today that it is recalling 490,000 Steeltex tires (LT265/75R16 Load Range D) tires which were made in Canada for use on Ford Excursion vehicles manufactured in 2000-2002 and for some 2003 models. These tires are allegedly ... Continue reading

Restructuring Charges Drive Midas to a Net Loss in Fiscal 2003

Feb 27, 2004

ITASCA, Ill.--Feb. 26, 2004--Midas, Inc. reported a net loss of $76.2 million--or $4.93 per diluted share--for fiscal 2003, which ended Jan. 3, 2004. The loss is primarily the result of business transformation charges of $102.6 million related to the completion of a major restructuring in which the company exited the u ... Continue reading

O'Reilly Automotive Reports Fourth Quarter and Annual Earnings 11Th Consecutive Year of Record Revenues and Earnings 7.8% Increase in Comparable Store Product Sales

Feb 26, 2004

SPRINGFIELD, Mo.--Feb. 25, 2004--O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") today announced record revenues and earnings for the fourth quarter and year ended December 31, 2003, representing 11 consecutive years of record revenues and earnings and positive comparable store product sales increases for O'Rei ... Continue reading

Schnitzer Steel to Add Three Stores to Its Pick-N-Pull Auto Parts Business

Feb 25, 2004

PORTLAND, Ore.--Feb. 25, 2004--Schnitzer Steel Industries, Inc. ("Schnitzer") announced today that its wholly owned subsidiary, PNP Auto Parts Canada Co., signed definitive agreements to buy the assets and will lease the sites of three self service used auto parts stores in Calgary and Edmonton, Alberta and Kelowna, Br ... Continue reading

GM Cut 4,400 Contract Jobs In Two Years

Feb 19, 2004

DETROIT February 19, 2004; Sharon Silke Carty writing for Dow Jones reported that General Motors Corp. has eliminated more than 4,400 contract jobs in a little more than two years as part of its cost-cutting maneuvers. Many of those were white-collar design and engineering jobs at the company's Warren Technical Center ... Continue reading