What took center stage in the tire retailing arena in the past year? That would have to be M&A — mergers and acquisitions — with more than 100 retail stores changing hands in more than a dozen transactions.
Monro Muffler Brake Inc. continued as the king of M&A, adding 61 stores in the past year through five acquisitions, moving into Florida and Michigan for the first time.
Pep Boys – Manny, Moe & Jack added 19 locations but lost its top executive, Mike O’Dell, who resigned Sept. 26 as the firm fell into the red in the first half of its current fiscal year. The Philadelphia-based auto service, tires and parts retailer named John Sweetwood, a director since 2002, to replace him as interim CEO.