As the Point S Tire & Auto brand continues its march into the eastern U.S., leaders are celebrating a year of 16 new stores and the opportunity of four new market states. But it's not only about the new guys. Existing dealers are happy too, and giving the network high marks in its annual survey.
Point S tire dealers who are members of Tire Factory Inc. have voted to establish "essential store standards" throughout the member-owned cooperative.
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.
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."
Tire Factory Inc. and Point S USA are making a big move to expand their network of tire dealers into the eastern half of the country. The company is partnering with Nussbaum Distributing Inc. in Memphis, Tenn., to distribute tires to four states.
Ron's Tire Inc. opened a new store in Idaho Falls, Idaho, and its inventory features much more than tires. Motorcycles, bicycles, power equipment, grills and even barbecue sauce are sold here. The sales staff is cross trained to sell every product under the roof.
Tire Factory Inc. moved its annual dealer meeting from its hometown of Portland, Ore. and spent Feb. 16-18, 2017, in Phoenix, Ariz. The change in venue offered some changes to the schedule too, as dealers spent a fun night at Octane Raceway racing bumper cars and playing arcade games with their families.
Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.
Point S tire dealers in North America are stocking the company's first Point S-branded tire, the Winterstar ST.
Almost 60 years after the first L.P. Anderson tire store opened in Billings, Mont., the family-run business has opened its second location. The owners have invested $2.5 million to make the new L.P. Anderson Point S Tire and Auto Service a reality.
Walter Lybeck sees plenty of growth potential for Tire Factory Inc. And after a couple weeks as the cooperative’s permanent CEO, he outlined his strategy to pursue that growth during an interview with Modern Tire Dealer.