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In 1994, AutoZone began using satellites to facilitate communication between stores and the corporate office. Sales hit $1.5 billion. In 1995, AutoZone opened its 1,000th store in Louisville, Kentucky. Also, the Duralast trademark made its debut with the Duralast and Duralast Gold batteries. Total of stores is now 1,143 in 26 states. [6]
Company/Organization Sector Local Full-time Employment Ohio State University*: Education: 29,685 The State of Ohio*: Government: 22,030 JPMorgan Chase: Financial Activities
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In 1998, Trust Company of the West sold Chief to Memphis, Tennessee–based AutoZone for $280 million in cash and debt assumption. [9] [10] [11] At the time of the sale, Chief had 556 auto parts stores. From 1992 until its merger with AutoZone, the company's CEO was David H. Eisenberg.
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. [36] [37]
Carquest Corporation is an American automotive parts distribution network that was sold and currently owned and operated by Advance Auto Parts via independent retailers associated with the network as "Carquest Auto Parts".
1975 Western Auto Garden Tiller. Western Auto was known for its private labelled Western Flyer Bicycle and Performance Radial GT tire brand. Other Western Auto private-labeled brands included Davis tires, Tough One batteries, TrueTone electronics, Citation appliances, Wizard tools, and Wizard typewriters — the latter as re-branded typewriters manufactured by Brother Industries of Nagoya, Japan.
While CEO of AutoZone in 2009, Rhodes earned a total compensation of $3,052,765, which included a base salary of $752,385, a cash bonus of $1,017,977, stocks granted of $21,270, options granted of $1,138,717, and other compensation totaling $122,416. [9] Business Insider listed him as one of the 25 most underpaid CEOs in 2010. [10]