Profile: Pep Boys-Manny Moe and Jack (PBY.N)
14 Mar 2014
The Pep Boys-Manny, Moe & Jack, incorporated on January 19, 1925, provides shop and care for car. The Company's stores are organized in a hub and spoke network consisting of Supercenters and Service & Tire Centers. Supercenters average approximately 20,000 square feet and combine do-it-for-me service labor, installed merchandise and tire offerings (DIFM) with do-it-yourself parts and accessories (DIY). The Company's Supercenters also have a commercial sales program delivers parts, tires and equipment to automotive repair shops and dealers. Service & Tire Centers, which average approximately 6,000 square feet, provide DIFM services in neighborhood locations. The Company also operates a handful of legacy DIY only Pep Express stores.
During the fiscal year ended February 2, 2013 (fiscal 2012), the Company opened 20 Service & Tire Centers and six Supercenters and converted one Pep Express store into a Supercenter. The Company also closed four Service & Tire Centers and two Supercenters. As of February 2, 2013, the Company operated 567 Supercenters, 185 Service & Tire Centers and six Pep Express stores located in 35 states and Puerto Rico. These locations consist of approximately 12,780,000 of gross square feet of retail space, including over 7,300 service bays.
Each service location performs a range of automotive maintenance and repair services (except body work) and installs tires, parts and accessories. A full complement of inventory at a typical Supercenter includes an average of approximately 28,000 items, while Service & Tire Centers average approximately 2,000 items. The Company's product lines include tires; batteries; new and remanufactured parts for domestic and import vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories, and select non-automotive merchandise. The Company sells a range of products under various private label names. The Company sells tires under the names DEFINITY, FUTURA and CORNELL, and batteries under the name PROSTART. The Company also sells wheel covers under the name FUTURA; air filters, anti-freeze, chemicals, cv axles, hub assemblies, lubricants, oil, oil filters, oil treatments, transmission fluids, custom wheels and wiper blades under the name PROLINE; alternators, battery booster packs, alkaline type batteries and starters under the name PROSTART; power steering hoses, chassis parts and power steering pumps under the name PROSTEER; brakes under the name PROSTOP and brakes, batteries, starters, ignitions and chassis under the name VALUEGRADE. During fiscal 2012, all products sold by the Company under various private label names were approximately 24% of the Company's merchandise sales.
The Company's commercial automotive parts delivery program is branded PEP EXPRESS PARTS. As of February 2, 2013, approximately 80% or 458 of the Company's 573 Supercenters and Pep Express stores provided commercial parts delivery. The Company has a point-of-sale system in all of its stores, which gathers sales and inventory data by stock-keeping unit from each store on a daily basis. The Company has an electronic parts catalog, which allows its associates to look up the parts that its customers need and to provide complete job solutions, advice and information for customers' vehicles. The Company has an electronic work order system in all service centers; this system creates a service history for each vehicle, provides customers with a sales document and enables the Company to maintain a service customer database.
Pep Boys-Manny Moe and Jack
3111 West Allegheny Avenue
PHILADELPHIA PA 19132