Midas Reports Second Quarter Results; Begins Co-Branding of Midas Services at SpeeDee Shops
Midas has reported net earnings of $2.2 million, or 16 cents per diluted share, for the second quarter ended June 28, compared to $3 million, or 21 cents per diluted share, in 2007. The 2008 results include 3 cents per share of special items relating to business transformation activities and losses on sales of assets, while the 2007 number includes 4 cents per share of special items.
Executive Interview with ISN Vice President John Snowden
A supply chain services and business development professional with 20 years of distribution and manufacturing experience, John Snowden joined Integrated Supply Network (ISN) in May 2007, as vice president of operations. After a year spent fine-tuning the company’s distribution process, Snowden is now performing the role of vice president of mobile sales. His mission is to redefine the level of experience that mobile distributors have when purchasing from ISN, bringing customer service and product excellence to the forefront of every interaction. In this exclusive interview, Snowden talks about the changing dynamics of the tool and equipment distribution model.
The Week in Review (June 23-27, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Major Wholesalers and Retailers Support PIES Transformation Software
The Automotive Aftermarket Industry Association (AAIA) is reporting unanimous support from leading aftermarket data receivers for the free Product Information Exchange Standard (PIES) Interchange Transformation Utility software the association recently published. The data receivers include Activant, Advance Auto, AutoZone, CARQUEST Auto Parts, CSK Auto, NAPA, O’Reilly Auto Parts and WHI Solutions. The software supports PIES and allows the easy transformation of interchange data files from a flat file format (spreadsheet) to the industry standard XML format.
GAAS 2008: Trends in Parts Sourcing Today
By Amy Antenora CHICAGO — What drives today’s independent repair shop owner to choose one parts source over another? This was the question asked during a panel discussion led by moderator Gary Molinaro, and including Jim Bastone, owner of Bastone Auto Service; Scott Bennett, director of operations, Bennett Auto Supply; and Fred Meyers, president, One
LIVE FROM GAAS: Aftermarket Must Communicate with Service Technicians, Panel Says
The rapid increase in global sourcing of parts requires that aftermarket manufacturers provide more information to service technicians, Steve Handschuh, president and COO of the Automotive Aftermarket Suppliers Association, and Ron Pyle, chief executive of the Automotive Service Association, told attendees of the Global Automotive Aftermarket Symposium. “The repair technician is confused about what’s in the box anymore,” Handschuh said. “We have the end-user who may have been forgotten or neglected.”
LIVE FROM GAAS: Former Legislator — Get to Know Your Elected Officials
By Mark Phillips Former Florida House of Representatives member Leslie Waters believes aftermarket executives need to be engaged with local politicians because their businesses could depend on it. “Are you for good government?” Waters asked the Global Automotive Aftermarket Symposium audience on Tuesday. “What is good government? Good government is not those gray granite buildings
Sloan Family Building for Aftermarket Studies Dedicated at Northwood University
The automotive aftermarket is big business, Northwood University President Keith Pretty commented during Thursday’s dedication of the Sloan Family Building for Aftermarket Studies. “In fact, it’s very big business,” he said, adding the industry’s annual revenues are approaching $300 billion. “This is bigger than the gross national product of many nations around the globe.” And Northwood is an integral part of the equation to help keep the economic engine of the automotive aftermarket humming along, Pretty believes.
Aftermarket Standards Compliance Roadmap Unveiled at NCMA
During the opening address at the National Catalog Managers Association (NCMA) Knowledge Exchange conference, the Automotive Aftermarket Industry Association (AAIA) unveiled a new Web page that presents the status of the leading data receivers in the aftermarket relative to the major technology standards. The Standards Compliance Roadmap indicates whether an industry standard, such as ACES or PIES, is required, preferred, supported or under development by the leading automotive resellers.
Learn More about Government Affairs and Private Equity’s Role in the Aftermarket and More
RESEARCH TRIANGLE PARK, N.C. – Aftermarket industry veterans and experts will discuss a wide range of topics focusing on the theme of "Shift Forward" at the 2008 Global Automotive Aftermarket Symposium (GAAS), which takes place Tuesday, May 20, and Wednesday, May 21, at the Hyatt Regency O’Hare in Chicago. "Let’s Know Them Before We Need