Internet Retailer US Auto Parts Reports $5 Million Net Loss for 2018
A dispute with U.S. Customs and Border Protection and a drop in its website traffic hurt the company’s top and bottom lines.
KYB ‘Feeling Is Believing’ Promotion Returns
Running through March and April, the promotion allows consumers to earn up to $100 while providing service professionals and parts professionals “another great reason to recommend KYB this spring.”
Advance Auto Parts: Turnaround Plan ‘Beginning to Bear Fruit’
Advance Auto Parts (AAP) reported single-digit percentage increases in net sales, comparable store sales and operating income for full-year 2018, which marked the second full year of the company’s five-year transformation plan.
Federated ‘Free-Fuel Fridays’ Promotion Returns
Every Friday through April 5, Federated will announce four winners of free gift cards on each of its Federated Auto Parts and Federated Car Care Facebook pages.
Tenneco to Launch Spinoff Company Called DRiV
When Tenneco announced its acquisition of Federal-Mogul in April 2018, Tenneco said it would separate Federal-Mogul into two independent publicly traded companies.
O’Reilly Reports Record Revenue, Operating Income for 26th Consecutive Year
O’Reilly reported full-year sales of $9.5 billion, up 6 percent from 2017. Operating income was $1.8 billion, up 5 percent from the prior year.
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Auto Care Association CEO Bill Hanvey: Major Initiatives Include Data Access, Global Vehicle Identifier
Bill Hanvey: “We’re involved in advocacy at the state and federal levels to legislatively guarantee the consumer’s right to be able to access and control their vehicle’s data.”
NAPA President Dan Askey: Supply Chain Management, 2020 NAPA Expo Among Top Priorities
NAPA is expecting more than 20,000 people to attend its 2020 NAPA Expo, which takes place next April in Las Vegas.
Federated Auto Parts Mourns Loss of Longtime Member Russell Mastroff
Mastroff passed away on Dec. 22, 2018 of natural causes.
