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January 31, 2012

Investment firm Gores Group acquires Pep Boys

Pep Boys - Manny, Moe & Jack has entered into a definitive merger agreement under which it will be acquired by investment firm The Gores Group.

Tags: Acquisitions, Auto Parts, Mike Odell, Pep Boys, The Gores Group

December 6, 2011

Acquisitions improve Pep Boys' financial results

Pep Boys-Manny, Moe & Jack posted net income of $7 million on net sales of $522.2 million for its 13-week third quarter ended Oct. 29, 2011. That compares to earnings of $5.7 million on sales of $496.4 million for the same period a year ago.

Tags: Mike Odell, Pep Boys financials, Service bays

June 28, 2011

Pep Boys expands in Houston market

Pep Boys has acquired seven service and tire stores in the Houston, Texas area. The stores were previously operated by My Mechanic, a full-service automotive repair chain in the Houston area since 1989.

Tags: Auto Service, Consumer Tires, Mike Odell, My Mechanic, Pep Boys

June 7, 2011

Pep Boys posts relatively flat 1Q results

Pep Boys -- Manny, Moe & Jack recorded net earnings of $12.4 million on net sales of $513.5 million for its 13-week first quarter ended April 30, 2011. That compares to income of $12 million on sales of $510 million for the same period a year ago.

Tags: BB&T, Mike Odell, Pep Boys financials, Tony Cristello

April 7, 2011

Pep Boys earns $36.6 million, plans to open MORE tire stores

Pep Boys — Manny, Moe & Jack posted revenue of $36.6 million on sales of nearly $2 billion for its 2010 fiscal year ended Jan. 29, 2011. That compares to income of $23 million on sales of just over $1.9 billion for its fiscal 2009.

Tags: Expansion, Mike Odell, Pep Boys financials, Same store sales, Service bays

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