Tire Factory celebrates 2014 with $3.8M payout to Members
PORTLAND, Ore., Feb. 24, 2015 /PRNewswire/ -- More than 450 attendees participated in the Tire Factory 2015 Annual Meeting this past week held in Portland, Oregon. Tire Factory Members heard their co-op's leadership announce $3.8M in profits and volume bonus payouts for co-op Members at its 31st Annual Meeting.
"It's exciting to announce another great year," said John Kreidel, Tire Factory CEO. "Our Members buy as a group and advertise and warranty what they sell under the Tire Factory name. The profits come back to them, and the volume bonuses are paid directly to them. Profits and volume bonuses totaling $3.8 million make for lots of smiling faces."
The Tire Factory business model allows Members to buy direct in small quantities from Regional Distribution Centers at lower group prices and earn rebates on specified purchases.
"Every Tire Factory store owner focuses on satisfying their customers. Tire Factory's buying and distribution staff focuses on getting them the right tire at the right price. The combination is unbeatable. It's helped us grow in the past, and will help us grow in 2015 and beyond," said Eric Gill, Chairman of the Tire Factory Board.
About Tire Factory
Tire Factory, based in Portland, Oregon, is the leading independent, Member owned, tire dealer organization in the U.S. The company has grown by providing its Members effective marketing and buying programs since 1984. There are more than 200 retail locations in 15 western states with retail sales over $300 million. Tire Factory operates three distribution centers, Portland, Oregon; Denver, Colorado; and Salt Lake City, Utah. For more information, go to www.jointirefactory.com or www.tirefactory.com.
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SOURCE Tire Factory
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