Tire Factory reports record growth in 2010
Tire Factory, a member-owned organization of independent tire dealers with 200 reail locations in western states, announced record comparable-store sales growth in 2010 with comparable-store units up 20% and member purchases increasing 15% last year. Comparable-store sales and units are of those stores that have been a member of Tire Factory for at least one year.
“Our tremendous sales growth in a slow economy is due to bringing more value to our members who pass along the savings to their customers,” says CEO John Kreidel. “Tire Factory owners keep re-investing in their stores, the Tire Factory brand and their people to improve the customer experience, and it is really paying off. Members have improved facilities this past year and focused their efforts on the most recognized tire brands in the world such as Goodyear, Dunlop and Nokian Tyres.”
“I'd like to recognize our members for creating phenomenal sales results in a tough economic climate,” says Chris Cornelius, Tire Factory board chairman and co-owner of Clair & Dee's Tire Factory in Rexburg, Idaho. “It's only by working together as a team with our management and key manufacturers that we were able to help our members succeed in 2010.”