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Pep Boys is an American automotive aftermarket service chain. Originally named Pep Auto Supply, the company was founded in Philadelphia, Pennsylvania, in 1921 by Emanuel "Manny" Rosenfeld, Maurice "Moe" Strauss, W. Graham "Jack" Jackson, and Moe Radavitz.
On November 14, 2024, Advance Auto Parts announced plans to close 523 corporate stores, 204 independently-owned locations, and four distribution centers by the middle of 2025. It also flagged that it will reduce its headcount, but did not provide details. The overhaul is expected to cost the company between $350 million and $750 million. [34] [35]
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Last month, auto part store Pep Boys -- Manny, Moe & Jack (NYS: PBY) saw its third-quarter net income rise 23%, helped by better tire and service sales. This quarter was also the 11th straight ...
[13] [14] At the commencement of fiscal 1999, AutoZone made another acquisition by purchasing 100 Express stores from The Pep Boys—Manny, Moe & Jack. [15] The company began a process of internationalization with their first store abroad, which opened in Nuevo Laredo, Mexico. [16] AutoZone closed the 1990s by debuting at the Fortune 500 list ...
Pep Boys Closes $200 Million Term Loan -Reduces Long-Term Debt by $95 Million- PHILADELPHIA--(BUSINESS WIRE)-- The Pep Boys — Manny, Moe & Jack (NYSE: "PBY"), the nation's leading automotive ...
Also in February 2016, the company acquired Pep Boys. [10] In January 2017, the company acquired Federal-Mogul. [11] In June 2017, the company acquired Precision Auto Care, a chain of over 250 vehicle repair shops. [12] In August 2017, the company sold the property formerly known as the Fontainebleau Resort Las Vegas for $600 million.
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