Pep Boys announced its plans to lease its retail locations in Puerto Rico to AutoZone. Pep Boys said this action completes its mission to make quality car care simple, convenient and accessible for all customers.
“The retail conversion in Puerto Rico is the final step in Pep Boys’ transition to a business model that primarily focuses on automotive services,” said Scott Collette, Pep Boys CEO. “This further reinforces our position as a leading auto repair and maintenance provider for car owners and fast-growing fleets across our service territories. The conversion provides us with an opportunity to enhance our Automotive Service Center locations on the island, reinvest in the emerging needs of customers in this market and provide our Pep Boys retail team members with potential employment opportunities at AutoZone.”
“We are excited to further expand our presence across Puerto Rico and continue delivering on our commitment to always put our customers first,” said Bill Rhodes, AutoZone chairman, president and CEO.
This retail conversion allows each organization to strengthen their presence in Puerto Rico and provide a more robust customer-focused, comprehensive, and convenient automotive solution for all drivers throughout the Puerto Rico territory.
