Industry Pulse Check with ATD CFO Jason Yaudes
On Friday, American Tire Distributors CFO Jason Yaudes was a special guest on an exclusive teleconference hosted by KeyBanc, sharing his insights on recent trends within the tire industry. The 40-minute conversation provided overview and insights regarding recent developments that may impact tire dealers in North America. Softness in the replacement tire market – According
Tire Pros Honors Top Dealers
Tire Pros, a division of American Tire Distributors, honored its top performing franchise owners with performance awards during its sixth annual National Dealer Business Conference in San Diego in February. “Overall, Tire Pros dealers performed very well in 2015,” said Dan Brown, Tire Pros president. “It is important that we take time during our annual
ATD CEO to Retire
Bill Berry, president and CEO of American Tire Distributors, has announced he will retire in coming months. A specific retirement date has not been set and Berry will remain in his current role until a successor has been named. Following his retirement from president of the company, Berry will transition to an advisory role for
ATD Purchases Albert Tire
American Tire Distributors has purchased Albert Tire, a northeast and mid-Atlantic wholesale tire distributor. ATD closed the deal on June 30. The acquisition excludes some assets in Albert Tire’s West Deptford, N.J.- headquarters, according to a press release. “The opportunity for ATD and Albert Tire to join forces is very positive for the future of
ATD Almost There, But Chinese Tiremakers Face New Problem
As Maxwell Smart would have said, “Missed it by that much.” Fourteen places. That’s how close American Tire Distributors was to making the Fortune 500 list. The tire distribution giant logged in at 514 on the annual list, not quite on the big board, but well ahead of the days when it couldn’t even hit
Trimarco Resigns from ATD
Effective April 30, William Trimarco has resigned from his position as executive vice president, product strategy and supply for American Tire Distributors Holdings. According to the Securities and Exchange Commission 8-K filing on May 4, 2015, Trimarco will remain associated with the company as a senior advisor to assist with certain transition planning and other
Tire Pros: Winning Formula in the Ring
Five years after The Walt Disney Co. was founded in 1923, the Walt Disney Studios division created arguably the most popular character in the history of animation: Mickey Mouse. Since Mickey Mouse’s cinematic birth, the company and brand has exploded. Today, Disney is a mass media empire that, among other things, owns and operates 14
ATD to Open Second DC in Baltimore
American Tire Distributors is opening a new distribution center in the Baltimore metro market, according to the company. The 138,000-square-foot center, currently under construction, will be located in White Marsh, Md. ATD also has a regional warehouse in Halethorpe, Md. An ATD representative stated that when the second distribution center opens in White Marsh, it
ATD Donates $170,000 at 25th Charity Golf Classic
American Tire Distributors (ATD) has donated $170,000 to three Charlotte, N.C.-based charitable organizations: the Ada Jenkins Center, Moore Place and Crisis Assistance Ministry. The gifts were announced at the company’s 25th Annual ATD Charity Classic golf tournament, which has raised more than $1.3 million in total funds for local and national nonprofit organizations since its
Tire Pros Names VP of Operations
Tire Pros, a subsidiary of American Tire Distributors, has named Wes Stephenson as its new vice president of operations. In this position, he will be responsible for marketing, training and program development, according to Tire Pros. “Wes brings proven retail, franchise, and marketing leadership with him as he steps into this new role,” said Dan
ATD Warehouse Robbed
Tires from an ATD warehouse in Fort Myers, Fla., were stolen sometime between Sunday, Sept. 7 and Monday, Sept. 8. The total worth of the tires is estimated at $75,000. Lee County Sheriff’s Office reports that the burglary could be related to a previous theft of two box trucks down the road. The manager of
ATD Closes 1H With Loss
American Tire Distributors Holdings Inc. recorded a net loss of $83.5 million on net sales of more than $2.3 billion for its first half of 2014, ending July 5. In the same period last year, ATD posted a net loss of $22.1 million on net sales of $1.7 billion. In 2014, ATD, through its TriCan