Our recent discussions with dealers leave us with a view that retail sell-out expanded in May and remains on the positive side of the ledger.
"Max Finkelstein founded his namesake company in 1919 with a dream and a few junk tires." A century later, the tire distributor has kept its family roots and grown into 16 locations, more than 1.5 million square feet of warehouse space and 500+ employees.
Roughly one year after tire wholesaling in the U.S. was turned on its head, I asked the top executives at TireHub LLC, NTW and American Tire Distributors Inc. (ATD) how their companies were progressing.
Terry Clifford has worked for Burt Brothers Tire & Service Inc. for 20 years, and spent many of those years as a store manager. But in his latest promotion, as director of wholesale, the company says Clifford is responsible for a massive surge in sales.
Nearly one year after its creation, TireHub LLC is expanding into a new market: Ft. Myers, Fla.
On March 18, 2019, Myers Industries Inc. officially committed to restructuring its distribution segment. In an 8K filing with the U.S. Securities and Exchange Commission, Myers said the transformation initiatives “are intended to increase sales force effectiveness, reduce costs, and improve contribution margins.”
Rick Wheeler is taking his decades of tire expertise to Tire Group International LLC (TGI). He's been named vice president of national sales for the Florida-based tire distributor and wholesaler.
OK Tire Stores Inc. plans to spend $100 million over the next five years to expand its distribution capabilities. It's the most significant expansion in the company's 66-year history.
Hurricane Florence may have postponed last year's BTS Charity Golf Tournament, but it came back stronger than ever. The event, sponsored by Black's Tire Service Inc., was held in the first quarter of this year instread of the fourth quarter of 2018. Check out the photos from the golf course, and find out why this was the most successful BTS Charity Golf Tournament ever!
With 730 employees working from 28 warehouses to provide tires to customers in 27 states, K&M Tire Inc. recorded a fifth straight year of double-digit growth in 2018. And with more tire brands available, more tires in inventory, and more people on its payroll, K&M expects that growth to continue into its 50th year in business.
Max Finkelstein Inc. has opened its second distribution center in Virginia. The new DC is located outside of Richmond, Va., in Colonial Heights.
Art Blumenthal LLC, a business broker that specializes in the automotive aftermarket, has redesigned its website with more resources to help those buying and selling tire stores and auto service centers.
Community Wholesale Tire Inc. recently opened its fourth distribution center. The 77,000-square-foot warehouse, located in Peoria, Ill., gives the company nearly 600,000 square feet of warehouse space.