Preview

Pit Stop Closed

Good Essays
Open Document
Open Document
1248 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pit Stop Closed
Case 09-5a
Pit Stop Closed
Auto World Inc. (“Auto World”), a calendar year-end SEC registrant, is a leading automotive retail and service chain. Auto World operates exclusively in the automotive aftermarket industry. Auto World is engaged principally in the retail sale of automotive parts, tires, and accessories, automotive repairs and maintenance, and the installation of parts. Auto World has two primary operating unit formats: (1) Auto Boyz Retail Centers
(“Auto Boyz Centers”) and (2) Pit Stop Service & Tire Centers (“Pit Stop Centers”). As of April 15, 2007, Auto World operated 120 stores consisting of 90 Auto Boyz Centers and 30 Pit Stop Centers. Auto World operates approximately 1,800,000 gross square feet of retail space. The Auto Boyz Centers average approximately 20,000 square feet per store. The 30 Pit Stop Centers offer service labor, installed merchandise, and tires. Auto
World maintains distinct advertising and branding policies for each format. The Auto
Boyz Centers are usually placed in high traffic areas within major metropolitan cities.
Auto World invests heavily in marketing and advertising for the Auto Boyz Centers. For example, Auto World purchases commercial airtime on local and national television stations and relies heavily on local newspaper advertising, frequently including discount coupons and promotions in newspaper distributions. Auto World typically places the Pit
Stop Centers within 10 miles of the Auto Boyz Centers primarily to facilitate a close supply line of parts, if needed. Auto World also relies on television and newspaper advertising for the Pit Stop Centers.
During the second quarter (on April 15, 2007), Auto World announced a decision to close all 30 freestanding Pit Stop Centers by June 30, 2007, under a new restructuring plan.
The following is a copy of the press release issued by Auto World:
FOR IMMEDIATE RELEASE
FROM: Cal Naughton, Jr., Investor Relations
DATE: April

You May Also Find These Documents Helpful

  • Good Essays

    (Trust) The city stores are all about speed of service and moving the line. You can have 1,000, 2,000 customers a day. These people have to be moved very quickly and effectively, as well as they need to be serviced properly.…

    • 2614 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Unit 206 Business Admin

    • 1021 Words
    • 5 Pages

    Our mission is to fulfil the automotive and commercial truck rental, leasing, car sales and related needs of our customers and, in doing so, exceed their expectations for service, quality and value.…

    • 1021 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Autozone Swot Analysis

    • 1473 Words
    • 6 Pages

    AutoZone’s history began with the ideas of one man named J.R. “Pitt” Hyde III. He received a bachelor’s degree in economics at the University of North Carolina. Pitt saw that people needed help with the upkeep of their vehicles so he opened Auto Shack on July 4, 1979, a retail automotive parts store. In 1987 the name Auto Shack was changed to AutoZone. In 1991 AutoZone’s Stock, AZO, made its debut on the New York Stock exchange and became the first auto parts retailer to store customer warranties in a computer database. AutoZone is a Fortune 500 company that currently has stores in 48 states, Puerto Rico, and Mexico and has more than 65,000 employees. AutoZone’s pledge is, "AutoZoners always put customers first! We know our parts and products. Our stores look great! We 've got the best merchandise at the right price." (UNK, 2012)…

    • 1473 Words
    • 6 Pages
    Better Essays
  • Better Essays

    operating leases. I understad that Regional Trucking Company have limited time to cover all aspects of these areas.…

    • 1123 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    With the technology leads the company in the automotive aftermarket industry in today’s world. Having a well-organized business model for logistics and distribution, this has increase the company continuously growth for more than three decades. In1989, AutoZone began using a (SMS) Store Management System put into place to keep the stores stocked with parts that meets…

    • 253 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Activity 9

    • 1533 Words
    • 8 Pages

    the metro area. They share information and each week they forecast the number of cars each will need the…

    • 1533 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Wayne’s Auto Repair is an auto repair shop. They have offices that are located in Westerville and Columbus, Ohio. Wayne’s Auto Repair proudly serves vehicle owners from Westerville, Columbus, Worthington, Gahanna, and New Albany, Ohio, as well as the surrounding areas. Their services include auto maintenance, wheel alignments, transmission repair, engine repair, radiator service, brake service, and more. Wayne’s Auto Repair is a BBB Accredited Business with an A rating.…

    • 70 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Moduel 8 Assignment

    • 835 Words
    • 4 Pages

    Each of the three centers is independently managed and operated by a shop manager, a receptionist, and at least eight mechanics. Each center maintains a fully stocked parts inventory.…

    • 835 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Service Centers: These provide after sales service for the two wheeler industry and form the part of maintenance and helps in building customer loyalty.…

    • 4503 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    | * IPO on share of stock over 33 1/3% * GR Tax on Banks, on interests, commissions and discounts with Maturity Period of More than 5 Years…

    • 1984 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    myphone profile

    • 599 Words
    • 3 Pages

    Within its first five years in the business, the company has come far from having just 15 dealers in 2007 to its current roster of 250 dealers and nearly 200 concept stores and kiosks distributing its products nationwide.…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Perspetive Management

    • 4524 Words
    • 16 Pages

    On Tuesday morning at 6.00 a.m. two young automobile assembly – line workers, disgruntled over failing to get their supervisor transferred, shut off the electric power supply to an auto-assembly line and closed it down at Consolidated Automobile Manufactures, Inc.…

    • 4524 Words
    • 16 Pages
    Good Essays
  • Good Essays

    and Honda of Greeley. Our factory sales team has already contacted each of the above…

    • 1083 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Tesda Assessment Center

    • 1689 Words
    • 7 Pages

    |Aurora Provincial Training Center |Baler, Aurora |OIC, Virgilio S. Catipon |042-209-4225 |Automotive Servicing NC II |…

    • 1689 Words
    • 7 Pages
    Satisfactory Essays
  • Satisfactory Essays

    MAC Cosmetics

    • 258 Words
    • 2 Pages

    M.A.C has 1000 stores in 73 countries and 12,000 employees around the world so far.…

    • 258 Words
    • 2 Pages
    Satisfactory Essays