Bridgestone buys Pep Boys
- Thread starter Irishman
- Start date
- Status
linky?
I wouldn't be too surprised if other tire companies begin to buy other service/parts stores. Although what make Pep Boys different from AutoZone/O'Reilys is that also they do car service.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
Originally Posted By: skyactiv
http://www.usatoday.com/story/money/2015/10/26/bridgestone-buy-pep-boys-835m-cash/74617026/
From the article:
Quote:
Say goodbye to iconic auto repair chain Pep Boys – Manny, Moe & Jack, which agreed to be bought by tire giant Bridgestone Americas Inc. for $835 million, or $15 a share cash.
...
Shares of Pep Boys jumped 22.8% to $14.98 a share in early trading, suggesting investors think the tender offer will be a success.
Who would buy a stock at $14.98 with the knowledge that it will be bought back at $15 in the near future? That's a pretty small margin.
http://www.usatoday.com/story/money/2015/10/26/bridgestone-buy-pep-boys-835m-cash/74617026/
From the article:
Quote:
Say goodbye to iconic auto repair chain Pep Boys – Manny, Moe & Jack, which agreed to be bought by tire giant Bridgestone Americas Inc. for $835 million, or $15 a share cash.
...
Shares of Pep Boys jumped 22.8% to $14.98 a share in early trading, suggesting investors think the tender offer will be a success.
Who would buy a stock at $14.98 with the knowledge that it will be bought back at $15 in the near future? That's a pretty small margin.
So guess the Definity tires won't be made by Cooper any more?
Originally Posted By: Jimzz
Originally Posted By: Miller88
So guess the Definity tires won't be made by Cooper any more?
Yea my worry is less competition and options. I am not a fan of firestones, bad prices and bad service.
Agreed.
Half the reason I dislike Firestone tires (plus other good reasons) is the Firestone service centers...
Hand's down IME, worse then Iffy Lube, Sears Auto, Walmart TLE, Mavis, etc
Bad alignments, wretched service, ridiculous upsells, and off there rocker pricing on just meh Firestone tires
Originally Posted By: Miller88
So guess the Definity tires won't be made by Cooper any more?
Yea my worry is less competition and options. I am not a fan of firestones, bad prices and bad service.
Agreed.
Half the reason I dislike Firestone tires (plus other good reasons) is the Firestone service centers...
Hand's down IME, worse then Iffy Lube, Sears Auto, Walmart TLE, Mavis, etc
Bad alignments, wretched service, ridiculous upsells, and off there rocker pricing on just meh Firestone tires
Originally Posted By: razel
I wouldn't be too surprised if other tire companies begin to buy other service/parts stores. Although what make Pep Boys different from AutoZone/O'Reilys is that also they do car service.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
Tires/wheels have been encroaching more and more on the auto-parts space at my two local schlep boys for a number of years now. Almost half the floor space (not counting the 'behind the counter' parts area) is tires, hubcaps, and wheels.
I wouldn't be too surprised if other tire companies begin to buy other service/parts stores. Although what make Pep Boys different from AutoZone/O'Reilys is that also they do car service.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
Tires/wheels have been encroaching more and more on the auto-parts space at my two local schlep boys for a number of years now. Almost half the floor space (not counting the 'behind the counter' parts area) is tires, hubcaps, and wheels.
Even Walmart is getting in on the wheel game!
Since Bridgestone also makes sporting goods (golf, tennis) and bicycles, you could see Pep Boys adding those now.
Originally Posted By: razel
I wouldn't be too surprised if other tire companies begin to buy other service/parts stores. Although what make Pep Boys different from AutoZone/O'Reilys is that also they do car service.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
Oreilly's bought VIP in Northern New England and took over the parts but not tires/service business. They now have a captive audience to sell their parts to.
I wouldn't be too surprised if other tire companies begin to buy other service/parts stores. Although what make Pep Boys different from AutoZone/O'Reilys is that also they do car service.
I would be more surprised if Pep Boys continued to open stores that had just as much store shelf space as car service bays.
Oreilly's bought VIP in Northern New England and took over the parts but not tires/service business. They now have a captive audience to sell their parts to.
I'm an old Philly area guy, so this story is sad.
Founded in Philly in 1921, the Pep Boys has seen its better days. Overexpansion in the 1980's and 1990's and poor management by the Pep Boy's later generations of the family, I feel, have led to this demise. Not to mention too many crummy looking stores and an abundance of poorly trained mechanics.
Could either be the end of clearance motor oil at the Pep Boys, or a whole new clearance sale opportunity.
Founded in Philly in 1921, the Pep Boys has seen its better days. Overexpansion in the 1980's and 1990's and poor management by the Pep Boy's later generations of the family, I feel, have led to this demise. Not to mention too many crummy looking stores and an abundance of poorly trained mechanics.
Could either be the end of clearance motor oil at the Pep Boys, or a whole new clearance sale opportunity.
They actually seem to have large influence over a local chain owned by Nokian tires called Vianor. I believe Bridgestone is majority stock holder of Nokian tires and has their tentacles into them.
http://vianor.us/tyres
http://vianor.us/tyres
So are all of the Pep Boys locations going to be turned into Firestones? Or is Bridgestone going to continue with both brand names?
Originally Posted By: jmsjags
So are all of the Pep Boys locations going to be turned into Firestones? Or is Bridgestone going to continue with both brand names?
Lets see how they play it. Tire companies can own a bunch of brand names and factories, so they could offer premium Bridgestone, medium performance Firestone, and value-cheap low performance products with odd sounding names like "Unicorn Creations", "Fate-O", "KumHo", "Jetzone Revengers", all real names of tires, no kidding.
So are all of the Pep Boys locations going to be turned into Firestones? Or is Bridgestone going to continue with both brand names?
Lets see how they play it. Tire companies can own a bunch of brand names and factories, so they could offer premium Bridgestone, medium performance Firestone, and value-cheap low performance products with odd sounding names like "Unicorn Creations", "Fate-O", "KumHo", "Jetzone Revengers", all real names of tires, no kidding.
Originally Posted By: lubricatosaurus
Originally Posted By: jmsjags
So are all of the Pep Boys locations going to be turned into Firestones? Or is Bridgestone going to continue with both brand names?
Lets see how they play it. Tire companies can own a bunch of brand names and factories, so they could offer premium Bridgestone, medium performance Firestone, and value-cheap low performance products with odd sounding names like "Unicorn Creations", "Fate-O", "KumHo", "Jetzone Revengers", all real names of tires, no kidding.
They use a "small h" in Kumho.The "H" is silent.
http://www.kumhousa.com/
Originally Posted By: jmsjags
So are all of the Pep Boys locations going to be turned into Firestones? Or is Bridgestone going to continue with both brand names?
Lets see how they play it. Tire companies can own a bunch of brand names and factories, so they could offer premium Bridgestone, medium performance Firestone, and value-cheap low performance products with odd sounding names like "Unicorn Creations", "Fate-O", "KumHo", "Jetzone Revengers", all real names of tires, no kidding.
They use a "small h" in Kumho.The "H" is silent.
http://www.kumhousa.com/
Last edited:
- Status
