Pep Boys Acquires 17 Discount Tire Centers in Southern California 75% of Los Angeles-Area Residents Now Live Within 3 Miles of Pep Boys
PHILADELPHIA, PA – September 6, 2013 – The Pep Boys - Manny, Moe & Jack (NYSE: “PBY”), the nation's leading automotive aftermarket service and retail chain, announced today that it had acquired 17 Discount Tire Centers in Southern California from AKH Company, Inc.
These 17 Service & Tire Centers are located throughout the greater Los Angeles market, from Bakersfield to Orange County. They will re-open on September 12, 2013 as Pep Boys stores and provide full-service vehicle maintenance and repair, including brand-name and private-label replacement tires.
“We are excited to add these convenient service locations for customers and welcome new associates to the Pep Boys family,” said Pep Boys President and CEO Mike Odell. “We aim to grow in the neighborhoods where our customers live and work through the acquisition and development of Service & Tire Centers.”
“With this acquisition, 75 percent of Los Angeles-area residents live within three miles of a Pep Boys location,” noted Joe Cirelli, senior vice president for business development. “Now we have nearly 150 locations in California, where we have served customers since 1933.” Pep Boys has more than 750 locations nationwide. “We look forward to continued growth,” added Cirelli.
“These Service & Tires Centers will give us more opportunities to deliver exceptional customer experiences,” said Odell. “Now we have even more convenient locations to help customers get quality tires and full-service maintenance and repair, all at a great value.”
Beginning September 12, 2013, customers may visit the new Pep Boys’ owned and operated stores at:
|10500 Rosedale Hwy||Bakersfield||CA||93312|
|6561 White Lane||Bakersfield||CA||93309|
|1950 Newport Blvd.||Costa Mesa||CA||92627|
|11432 Paramount Blvd.||Downey||CA||90241|
|3904 Fountain Ave.||Hollywood||CA||90029|
|5453 E. Del Amo Blvd.||Lakewood||CA||90713|
|1640 W. Chapman Ave.||Orange||CA||92868|
|11788 Foothill Blvd.||Rancho Cucamonga||CA||91730|
|484 W. Valley Blvd.||Rialto||CA||92376|
|1606 N. El Camino Real||San Clemente||CA||92672|
|1409 E. Warner Ave.||Santa Ana||CA||92705|
|11550 Ventura Blvd||Studio City||CA||91604|
|28007 Jefferson Ave. #E||Temecula||CA||92590|
|20333 Hawthorne Blvd.||Torrance||CA||90503|
|6511 Foothill Blvd||Tujunga||CA||91042|
|1992 S. Sepulveda Blvd.||West Los Angeles||CA||90025|
|14101 E. Whittier Blvd.||Whittier||CA||90605|
For more information on the products and services Pep Boys provides, or to find your nearest location, please visit www.pepboys.com or call 1-800-PEP-BOYS (1-800-737-2697).
About Pep Boys
Since 1921, Pep Boys has been the nation’s leading automotive aftermarket chain. With more than 7,300 service bays in more than 750 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting www.pepboys.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The word "guidance," "expect," "anticipate," "estimates," "forecasts" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management's expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. 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, retail and commercial consumers' ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, the location and number of competitors' stores, product and labor costs and the additional factors described in the Company's filings with the SEC. The Company assumes no obligation to update or supplement forwardlooking statements that become untrue because of subsequent events.
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