Giving support to supertrucks
Downey Products has become the name-in-title sponsor of the Bobby Dotter's Supertruck. The company is headquartered in Mooresville, NC, where many NASCAR race shops are located. Downey, the manufacturer of aluminum-framed tonneau covers, is planning to have race autograph sheets and POS materials in retail outlets that carry the Downey covers.
New Walker exhaust efficiency index permits a muffler performance comparison
FOR YEARS the aftermarket exhaust industry has attempted to accurately and simultaneously relate the sound and performance efficiency of exhaust products.
Editor's Note: This column focuses on retailers' updates. Included are top executive appointments, awards, business transactions, promotions and other news.
Big A Auto Parts has named Monroe Shock Absorbers, a division of Tenneco Automotive, its 1996 Vendor of the Year for its level of excellence in inventory management, product quality, sales, marketing and operations. APS, Inc., a distributor of Big A brand, sells to more than 2,000 stores from its 27 distribution centers nationwide.
Discount Auto Parts has completed placement of $50 million of 7.46 percent fixed-rate senior term notes with a 10-year maturity date and an 8.5-year average life. The notes will provide the company with a solid, fixed-rate base level of borrowing, according to chief financial officer C. Michael Moore. The money will support the expansion of the distribution center and anticipated store growth. The Lakeland, FL-based firm operates more than 407 stores in the southeast United States.
Republic Automotive Parts, Inc., which distributes replacement parts through 15 distribution centers and 92 auto parts stores in 16 states, reported net sales for the three months ended June, 30, 1997, of $50.2 million compared to $48.3 million for the second quarter of 1996. Net income for the quarter amounted to $1.3 million or $0.36 per share, compared to $1.6 million or $0.44 per share.
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