Video: Three Tips on Closing Winter Tire Sales Midway Through the Season
Winter tire buying season is here, but how do you sell those customers on their winter tire purchase? Follow these tips.
Goodyear Closing UK Plant this Month
Goodyear Tire & Rubber Co. will officially end production at its only UK manufacturing facility before Christmas, Tyres & Accessories reports. According to statement from Goodyear, T&A said the Wolverhampton plant will stop production on Dec. 20, 2016, followed by a six-month close-down period. Goodyear announced the facility closure at the end of the June
Stellar Industries Closing Kiefer Manufacturing Facility, Looking to Sell
Stellar Industries is closing its Kiefer Manufacturing facility in Sneedville, Tenn., on Dec. 31 and will transition its Kanawha, Iowa, operation to a Stellar company on Jan. 1, 2016. The change comes as a result of Stellar’s decision to focus on its core business of hydraulic truck mounted equipment and end its horse and livestock
ContiTech Closing Bowmanville Plant in 2016
Continental AG will be closing its ContiTech plant in Bowmanville, Ontario, in 2016 after 100 years as a former Goodyear Tire & Rubber Co. plant, local media reports. ContiTech acquired the plant last year when it purchased Veyance Technologies Inc., which produced conveyor belts for Goodyear. The ContiTech plant continues to produce conveyor belts for
Advance Auto Parts Reports Second Quarter Results, Store Closings
Advance Auto Parts has announced its financial results for the second quarter ended July 18, 2015, as well as plans to close 50 stores. Total sales for the second quarter increased 1 percent to $2.37 billion, as compared with total sales during the second quarter of fiscal 2014 of $2.35 billion. The sales increase was driven
Pirelli, ChemChina Agree to Closing Date
All the necessary antitrust and regulatory approvals for China National Chemical Corp.’s (ChemChina) majority share purchase of Pirelli & C. SpA have been obtained and the deal will be complete on Aug. 11. First announced in March, ChemChina has agreed to purchase Pirelli’s majority shares from holding company Camfin for roughly $7.6 billion. Under a
U.S.-Canada Tire Price Gap Closing, Legislation Still Pending
CBC News reported recently that some Canadian tire retailers have been dropping tire prices, effectively closing the gap on U.S. retailers and helping keep Canadian tire buyers home. The Canada-U.S. tire price gap, long a headache for Canadian retailers thanks to a lack of legislative support by their government, has tightened in recent months, and
Sears Denies Reports of Closing Stores
Sears Holdings Corp. discredited Thursday’s report that said it will be closing more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. Seeking Alpha, a financial news and market tracker, cited liquidation notices and employee communication sent out last month that announced the closures of 31 Sears Auto Centers, 46
Report: Sears Closing 100 U.S. Stores and Auto Centers
Reuters reported yesterday that Sears Holdings Corp. will close more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. in its latest moves to remain viable. Citing Seeking Alpha reports of liquidation notices and employee communication, Reuters said that most of the closures and job cuts are slated to come
Superior Industries International Closing Arkansas Facility
Aluminum wheel manufacturer Superior Industries International will close its manufacturing facility in Rogers, Ark. The closure is part of an initiative to reduce costs and enhance its global competitive position and is expected to save $15 million in labor costs annually, the company said. “This action follows a comprehensive review of the company’s cost position