Point S tire dealers who are members of Tire Factory Inc. have voted to establish "essential store standards" throughout the member-owned cooperative.
Point S Development has signed a franchise agreement in the Philippines as part of its ongoing push to spread its banner throughout Asia.
Unimax Tire Ltd., the company that markets the Point S name in Canada, has been named one of Canada's best managed companies.
Tire Factory Inc. dealers reported to University City, Calif., for their 2018 annual meeting. With nearly 500 dealers, vendors and guests on hand, the group learned about new initiatives underway for the Point S retail banner, gathered product tips from top tire manufacturers, walked the trade show floor, and even spent some time at Universal Studios next door.
The 212 stores in Tire Factory Inc.’s network sold 6.5% more tires in 2017, thanks to increases in same-store sales, plus the addition of 20 new locations in the cooperative.
In addition to working on the eastern expansion of the Point S brand in the U.S., Tire Factory Inc. has continued to build up the foundation of its cooperative in western states, adding 20 locations in 11 states in 2017.
PitStop, a chain of 318 tire and auto service stores in Germany, has joined Point S Germany. The merger gives Point S 870 retail locations throughout Germany.
Point S Development has opened its flagship store in Malaysia, an eight-bay location with a 3,000-square-foot showroom featuring areas dedicated to the Pirelli and BFGoodrich brands.
The same day Tire Factory Inc. took possession of a warehouse in Memphis, Tenn. — its first in the eastern half of the U.S. — CEO Walter Lybeck says the tire cooperative already had “20 store leads” it was actively pursuing. “And that number is growing quickly."
The first Point S store has opened in Malaysia.
Ron's Tire Inc. opened a new store in Idaho Falls, Idaho, and its inventory features much more than tires. Motorcycles, bicycles, power equipment, grills and even barbecue sauce are sold here. The sales staff is cross trained to sell every product under the roof.
Here’s the first hint that the newest tire store Ron Baxter and Ross Baxter are opening in Idaho Falls, Idaho, isn’t a typical retail store: the size. It’s 37,000 square feet.
Five tire dealers have cracked the code for luring millennials into their businesses. The best part is, these tactics serve every customer who walks in the door, no matter what his or her age.