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Les Schwab founded the company with a single store in Prineville, Oregon, when he bought OK Rubber Welders in 1952. Corporate headquarters were moved from Prineville to Bend in 2008. [ 2 ] From 1964 until 2011, the firm offered an innovative February "Free-Beef" promotion, [ 3 ] [ 4 ] to boost sales during slow late-winter months.
The name of the business changed to "Les Schwab Tire Centers" in 1956, dropping the OK franchise. [5] From this grew a tire empire based in Prineville that had 34 stores in Oregon, Washington, and Idaho in 1971, [ 7 ] and 410 stores in the western U.S. and $1.6 billion in annual sales by 2007. [ 3 ]
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Fort Henry Mall, formerly Kingsport Town Center, located in Kingsport, Tennessee, is the only regional shopping mall serving Kingsport. It was opened March 10, 1976, as a two-level mall located at the intersection of Fort Henry Drive and Memorial Boulevard.
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The Tri-Cities region was formerly a single Metropolitan Statistical Area (MSA); due to the U.S. Census Bureau's revised definitions of urban areas in the early 2000s, it is now a Combined Statistical Area (CSA) with two metropolitan components: Johnson City and Kingsport–Bristol, TN–VA.
The combined company acquired additional tire brands: Savannah Tire, Trax Tires, Upton Tire, Epperly Tire, among others. [10] In June 2017, Express Oil Change & Tire Engineers, which had become the 10th-largest fast lube chain in the United States, [11] was acquired by San Francisco-based private equity firm Golden Gate Capital. [12]
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