Retail

Tire Factory Opened 20 Point S Locations in the U.S. in 2017

Posted on February 7, 2018

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.

Clint Young, director of sales and business development for Point S in the U.S., says, “The number of new stores joining in 2017 is very exciting and speaks to the power of Point S. New Point S locations and existing members all made a powerful decision to join a group that exists to protect their independence, but our offerings also improve their ability to serve their customers and connect with new ones.

“Our programs bring value to the independent tire storeowner. Point S Tire allows owners to stay competitive in the consolidating tire industry yet keep what they value – their independence.”

The cooperative, with more than 200 stores and retail sales of more than $300 million, is in the midst of opening a warehouse in Memphis, Tenn., which it expects will help it expand and attract more members in the coming years. Cooperative members receive volume bonus benefits and profits.

CEO Walter Lybeck says, "Helping independent dealers win today and plan for their future is what makes our offering so compelling. These new locations will see the benefit and power of what coming together can do for them and what the power of the Point S brand will do to help their success.”

Here's a rundown of the geography of the new locations:

Alaska: Fairbanks

California: Eureka and Redding

Colorado: Durango

Idaho: Idaho Falls, Montpelier and Buhl

Nevada: Winnemucca

New Mexico: Farmington and Kirtland

Oklahoma; Haskell and Stillwater

Oregon: Vale, Junction City and Clackamas

Utah: Duchesne and Salt Lake City

Washington: Royal City and Port Orchard

Wyoming: Buffalo

The cooperative will host its annual owners meeting Feb. 22-25, 2018, in Hollywood, Calif., and will "celebrate our new members and share in business updates across our entire operation.”

The U.S. arm of Point S is part of a global network with 3,500 branded locations in 32 countries. By 2020, Point S expects to be the third-largest independent retail tire chain in North America.

Fabien Bouquet, CEO of Point S International office says, “North America is a strategic growth area for us, and this exciting activity demonstrates the ability of our member counties like Point S to accomplish this goal. Close to 200 new retail locations have joined our International network this year.”

For more information visit www.joinpointstire.com or www.pointstire.com.

Related Topics: Clint Young, Fabien Bouquet, new stores, Point S, Tire Factory, Walter Lybeck

Comments ( 0 )
More Stories
News New Tire Pros Ad Campaign Costs $1 Million

American Tire Distributors Inc. (ATD) has launched a $1 million ad campaign highlighting the work of its Tire Pros franchisees. The message is hassle-free customer service.

News New Shop Management System Uses AI to Learn From Every Inspection

Auto Profit Masters LLC (APM) has introduced a cloud-based shop management system called Shop 4D that uses artificial intelligence (AI) to run repair shops.

News Mitchell Partners with GM to Launch Collision Repair Network

Mitchell International Inc. and General Motors Corp. have jointly launched the enrollment portal for the GM Collison Repair Network. As of Aug. 8, 2018, any collision repair facility in the U.S. may apply for inclusion in the network.

News Pirelli Continues to Rely on High Value Tires

Pirelli & Cie SpA posted net income of 181.9 million euros on net sales of more than 2.6 billion euros for the second quarter ended June 30, 2018. That compares to income of 67.6 million euros on sales of nearly 2.7 billion euros for the same period in fiscal 2017.

News Continental AG Ups Profitability in 2Q 2018

Continental AG posted net income of 822.1 million euros on net sales of 11.3 billion euros for the second quarter of fiscal 2018 ended June 30. That compares to income of 745.4 million euros on sales of 11 billion euros for the same period last year.

Cooper Tire has launched a tire and vehicle safety campaign for young drivers in conjunction with DoSomething.org.
News Cooper Tire Takes Part in Young Drivers Safety Campaign

Cooper Tire & Rubber Co.’s Tread Wisely program, a tire and vehicle safety campaign for teens and young adults, and DoSomething.org, the largest not-for-profit organization exclusively for young people and social change, have launched a national tire safety campaign for young drivers.

News Cooper Sees New Products and More Online Sales as Path to Growth

Cooper Tire & Rubber Co. will unleash 18 new products over a 24-month timeframe, and has found another online avenue to sell tires to consumers.

The Ecsta PA51 is available in 43 sizes ranging from 16 inches to 20 inches, with 12 additional sizes launching later this year.
News Kumho Adds to Its All-Season UHP Lineup

Kumho Tire USA Inc. has combined all-season capability with performance for its newest tire, the Ecsta PA51. The ultra-high performance tire is available in 43 sizes, with a dozen more sizes to be added later this year.

News USTMA Forecast: 1.5 Million More Replacement Tire Shipments in 2018

The U.S. Tire Manufacturers Association (USTMA) projects 2018 U.S. tire shipments will increase to 319.8 million units compared to 316.7 million units in 2017.

News Cooper Tire's 2Q Profits, Sales and Unit Volumes Are Down

"We have the right strategic plan in place," says Cooper Tire & Rubber Co. CEO and President Brad Hughes following Cooper's second-quarter 2018 results.

The new Proxes Sport has a 25,000-mile warranty and is backed by the Toyo Tires 500 Mile Trial Offer.
Product Toyo Releases Proxes Sport Max Performance Summer Tire

The all-new Proxes Sport is designed to create a greater connection to the road with improved contact, grip and handling.

The new Bridgestone Dueler A/T Revo 3 is designed for crossovers, SUVs and pickup trucks.
Product Bridgestone Adds All-Terrain Revo 3 to Dueler Line

The new Bridgestone Dueler A/T Revo 3 is engineered for on-road comfort and off-road capability.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!