July 1 was a big day for Point S Italy. Professional Pneus, a network of independent tire dealers with 50 locations in the South of Italy, was the second group to join Point S on that day.
T & T Tire Center Inc., dba T & T Tire Point S Auto Service, has called the Puget Sound home since 1955. This summer the Tacoma, Wash., business has celebrated its community spirit by supporting the local chapter of the National Alliance on Mental Illness (NAMI).
Point S has taken a giant leap forward in expanding its network of independent tire dealers in Italy with the signing of Gomme & Service effective July 1, 2018.
The 212 stores in Tire Factory Inc.’s network sold 6.5% more tires in 2017 than in 2016, and they increased overall sales by 8%. There was improvement in same-store sales — dealers who have rebranded to the Point S banner increased sales by 5.5%, and those who haven’t were up 3.5%.
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."