TBC looks to top $1 billion in sales in 2001
TBC Corp. reported net sales of $902.7 million for 2000, a 21% increase compared with $743.1 million in 1999. “Our goal for 2001 is to achieve an increase in annual sales to more than $1 billion,” said Larry Day, president and CEO.
Day credited the June 2000 purchase of Tire Kingdom with some of that success. “During the last 60 days, we purchased 24 additional locations, bringing the total number of company-owned Tire Kingdom locations to 172, up from 148 when we made the acquisition,” he said. “Including the volume that is represented by our Big O Tire subsidiary, we expect to control more than 20% of the shipments of our brands to the retail level during 2001.”
Other key factors included the company’s emphasis on its wholesale distribution activities and the makeover and growth of its Sigma brand.