Pep Boys Launches New ‘Retail Experience’
Pep Boys is launching an all-new customer experience with the construction of a completely redesigned retail store in Tampa.
Pep Boys Taps Adams to Run Stores
Pep Boys has appointed Chris Adams as senior vice president of store operations, overseeing the business of some 700 retail locations across the U.S.
Pep Boys Sets Stock Repurchase Program
The Pep Boys board of directors has authorized a program to repurchase up to $50 million of the company’s common stock. The program is effective immediately and has no expiration date.. "Based on current market prices, we believe that our stock is undervalued and that the repurchase program is a good investment of available cash on hand
Pep Boys Offers Free Services to Drivers Impacted by Sandy
Pep Boys announced it is offering free automotive services, including a preventative maintenance and safety inspection, to those in the storm-affected areas of the Northeast U.S.
Pep Boys Takes $200 Million Term Loan
Pep Boys closed on an amended $200 million loan on Monday. Secured by the real estate underlying 142 of the company’s owned stores, Pep Boys said the loan – along with cash on hand – will be used to retire older debt (due in 2014) and settle the company’s outstanding interest rate swap. The company says
Pep Boys Taps New CFO
Pep Boys selected David Stern as its new executive vice president and CFO. Not only will Stern manage the company’s financial side, he also will be involved in corporate and technology development. Most recently, Stern was executive vice president, CFO and chief administrative officer for A.C. Moore Arts and Crafts.
More Details in Pep Boys Buyout Collapse
09/101081pepboysR2_00000053471.jpg” border=”0″ align=”right” alt=””/> Gores Group, a Los Angeles-based private-equity firm, cancelled its plans to buy Pep Boys after the retailer posted lower than expected first quarter results. Pep Boys also declined a Gores Group request to delay a May 30 shareholder vote on the acquisition in order to review Pep Boys’ financials for potential
Gores Group Says No to Pep Boys, Stock Tumbles
The news does not bode well for Manny, Moe & Jack, as Pep Boys was left at the altar when its proposed $1 billion sale to Gores Group LLC fell asunder. Gores Group, a Los Angeles-based private-equity firm, cancelled its plans to buy Pep Boys after the retailer posted lower than expected first quarter results.
Pep Boys Sees 2011 Earnings Fall
2011 was not a pretty year for parts and tire retailer Pep Boys, which saw net earnings for the year fall 21% compared to the year prior. Sales for the fiscal year rose a meager 3.8% to $2.06 billion, ended Jan. 28, but net earnings fell from $36.6 million for 2010 to $28.9 million last
Pep Boys Extends E-Commerce to Offer ‘Hot Shot’ Service
Pep Boys has launched another weapon to capture tire and service business, signing with Distribution Service Technologies to "hot shot" online tire ordering and delivery to automotive businesses. With Pep Express eCommerce, the commercial division of Pep Boys will offer fast delivery of tires, parts, tools, shop equipment and additional merchandise. Pep Boys now claims