2014

New Store Growth Ramps Up at Tire Factory

PORTLAND, Ore., Oct. 22, 2013 /PRNewswire/ -- Tire Factory continues to ramp up new store growth in 2013 by adding 17 new member stores year to date. This comes on the tail of last year's record growth of adding 28 stores in 2012. Many of the new dealers in 2013 came from the Denver, Colorado area and other surrounding states.

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John Kreidel, CEO of Tire Factory, said,"We are very excited to have another 17 independent dealers join the Tire Factory family. Our model of giving Members direct buy prices in small quantities via our Regional Distribution Centers is helping Tire Factory Independent Dealers grow profitably. We aim to exceed our new Member store goal for 2013 by adding at least 25 new stores in the West this year."

"The Tire Factory family of independent tire dealers is continuing its rapid growth," said Eric Gill, Chairman of the Tire Factory Board. Gill added, "That's why we are expanding to handle even more growth in the Colorado geographic area. We are boosting our footprint to over 40,000 Sq. Ft. in the new Regional Distribution Center in Denver."

About Tire Factory

Tire Factory is based in Portland, Oregon and is the Nation's leading member-owned organization of independent tire dealers. The company has grown steadily by providing its members enhanced marketing and buying programs. The members operate more than 200 retail locations serving 15 western states with end-consumer sales in excess of $300 million. Tire Factory serves its members from three regional distribution centers in Portland, Oregon, Denver, Colorado and Salt Lake City, Utah. For more information, go to www.jointirefactory.com or www.tirefactory.com.

SOURCE Tire Factory



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