Tire Factory Announces Record Sales Growth in 2010

PORTLAND, Ore., Feb. 9, 2011 /PRNewswire/ -- Tire Factory announced record comparable-store sales growth in 2010 according to CEO John Kreidel.

Comparable-store units were up over 20% and Member purchases were up over 15% in 2010. Comparable-store sales and units are of those stores who have been a member of Tire Factory for at least one year.

"Our tremendous sales growth in a slow economy is due to bringing more value to our Members who pass along the savings to their customers," said Mr. Kreidel.  "Tire Factory owners keep re-investing in their stores, the Tire Factory Brand and their people to improve the customer experience and it is really paying off.  Members have improved facilities this past year and focused their efforts on the most recognized tire brands in the world such as Goodyear, Dunlop and Nokian Tyres."

Chairman of the Board and co-owner of Clair & Dee's Tire Factory in Rexburg, Idaho, Chris Cornelius commented on the results saying, "I'd like to recognize our Members for creating phenomenal sales results in a tough economic climate.  It's only by working together as a team with our Management and key manufacturers that we were able to help our members succeed in 2010. I'm proud to be a member of Tire Factory and the direction we are going."

About Tire Factory

Tire Factory 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 two regional distribution centers in Portland, Oregon and Salt Lake City, Utah.

SOURCE Tire Factory

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