{"id":4921,"date":"2015-04-27T10:06:27","date_gmt":"2015-04-27T10:06:27","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=4921"},"modified":"2015-04-27T10:06:27","modified_gmt":"2015-04-27T10:06:27","slug":"company-snapshot-the-pep-boys-manny-moe-jack-2","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2015\/04\/company-snapshot-the-pep-boys-manny-moe-jack-2\/","title":{"rendered":"Company Snapshot: The Pep Boys – Manny, Moe & Jack"},"content":{"rendered":"

Guess Who Joined The Pep Boys Board<\/strong><\/p>\n

 <\/p>\n

Address<\/strong>
\n3111 West Allegheny Avenue
\nPhiladelphia, Pennsylvania 19132<\/p>\n

Telephone<\/strong>
\n215 430-9000<\/p>\n

Internet Homepage<\/strong>
\nwww.pepboys.com<\/p>\n

Year Founded<\/strong>
\n1921<\/p>\n

Total Stores<\/strong>
\n803<\/p>\n

Total Annual Sales<\/strong>
\n$2,084,603,000 (Jan. 2015) from $2,066,600,000 (Feb. 2014) from $2,090,730,000 (Feb. 2013)<\/p>\n

Senior Executives<\/strong>
\nRobert Hotz- Chairman
\nJohn Sweetwood- CEO (interim)<\/p>\n

 <\/p>\n

As can be easily seen from the brief annual sales history noted above, Pep Boys has been mired in financial stagnation in recent years. Sales for Jan. 2012, came in at $2.064 billion up from $1,989 billion.\u00a0 Between January, 2002 and the start of the recession in 2008, sales meandered between $2.27 billion and $2.098 billion.\u00a0 For the three prime years of the recession, sales slumped between $1.91 billion and $1.989 billion.\u00a0 Not terrible but not terribly encouraging, barely a pulse.<\/p>\n

As the computer age of automobiles has engulfed us, cars have become increasingly more difficult to diagnose, much less repair by do it yourselfers.\u00a0 Thus the Pep Boys business model of offering full diagnostics and repair services should be all the more vital.\u00a0 Competing national aftermarket retailers offer only parts and occasional advice.\u00a0 As Pep Boys has been rolling its newest prototype of offering repairs in a clean, modern, lounge-like environment, it would seem that financials would grow considerably.<\/p>\n

Now Pep Boys has added a familiar name to its brain trust.\u00a0 Robert Nardelli, the former chairman and CEO of Home Depot and Chrysler, has been appointed to Pep Boys\u2019 board of directors.\u00a0 In\u00a0 late 2000, Mr. Nardelli was brought on to run Home Depot as the company\u2019s founders stepped aside to pursue other dreams, after building the home center warehouse giant into one of our country\u2019s most prominent business success stories.<\/p>\n

Mr. Nardelli was ousted just over six years after his reign began, after a volatile stockholder\u2019s meeting pretty much went out of control over the prospects of his continued reign.\u00a0 The key hesitation in releasing Mr. Nardelli was the more than $120 million golden parachute he had to be given, under contract.<\/p>\n

Many of his many critics felt he had turned Home Depot into an institution that was primarily trying to financially please Wall Street rather than consumers.\u00a0 Under his reign the do it yourselfer based Depot acquired a number of pro dealers.\u00a0 On his departure, new management quickly divested itself of these acquisitions, at a considerable financial loss, in order to return the company to its roots.\u00a0 Returning to its roots included the massive hiring of personnel qualified to assist customers in the intricacies of home repair.<\/p>\n

This change in leadership has quickly returned Home Depot to its place atop the market.\u00a0 One wonders how much Mr. Nardelli has to offer The Pep Boys who are clearly in need of direction.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Guess Who Joined The Pep Boys Board   Address 3111 West Allegheny Avenue Philadelphia, Pennsylvania 19132 Telephone 215 430-9000 Internet Homepage www.pepboys.com Year Founded 1921 Total Stores 803 Total Annual Sales $2,084,603,000 (Jan. 2015) from $2,066,600,000 (Feb. 2014) from $2,090,730,000 (Feb. 2013) Senior Executives Robert Hotz- Chairman John Sweetwood- CEO (interim)   As can be… Continue reading Company Snapshot: The Pep Boys – Manny, Moe & Jack<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-4921","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=4921"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=4921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=4921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=4921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}