|Exchange:||New York Stock Exchange|
|Stock:||Pep Boys - Manny Moe & Jack|
|Pep Boys - Manny, Moe & Jack was founded in 1921. The Company together with its subsidiaries is the national chain offering automotive service, tires, parts and accessories. As of February 2, 2013, it operated a total of 7,303 service bays in 752 of its 758 locations. Each service location performs a full range of automotive maintenance and repair services (except body work) and installs tires, parts and accessories. Each Pep Boys Supercenter and Pep Express store carries a similar product line, with variations based on the number and type of cars in the market where the store is located, while a Pep Boys Service & Tire Center carries tires and a limited selection of its products. The Company's product lines include: tires (not stocked at Pep Express stores); batteries; new and remanufactured parts for domestic and import vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and a limited amount of select non-automotive merchandise that appeals to automotive ‘Do-It-Yourself’ customers, such as generators, power tools and personal transportation products. In addition to offering a variety of high quality name brand products, the Company sells an array of high quality products under various private label names. The Company sells tires under the names DEFINITY, FUTURA® and CORNELL®, and batteries under the name PROSTART®. It also sells wheel covers under the name FUTURA®; water pumps and cooling system parts under the name PROCOOL®; air filters, anti-freeze, chemicals, cv axles, hub assemblies, lubricants, oil, oil filters, oil treatments, transmission fluids, custom wheels and wiper blades under the name PROLINE®; alternators, battery booster packs, alkaline type batteries and starters under the name PROSTART®; power steering hoses, chassis parts and power steering pumps under the name PROSTEER®; brakes under the name PROSTOP® and brakes, batteries, starters, ignitions and chassis under the name VALUEGRADE. The Company's commercial automotive parts delivery program, branded PEP EXPRESS PARTS®, is designed to increase the Company's market share with the professional installer and to leverage inventory investment. The program satisfies the commercial customer's automotive inventory needs by taking advantage of the breadth and quality of the Company's parts inventory as well as its experience supplying its own service bays and mechanics. The Company has a point-of-sale system in all of its stores, which gathers sales and inventory data by stock-keeping unit from each store on a daily basis. The Company has an electronic work order system in all of its service centers. This system creates a service history for each vehicle, provides customers with a sales document and enables the Company to maintain a service customer database. The Company mainly uses an ‘Everyday Low Price’ strategy in establishing its selling prices. The Company's competitors include general, full range, discount or traditional department stores which carry automotive parts and accessories and/or have automotive service centers, as well as specialized automotive retailers. The Company is subject to various federal, state and local laws and governmental regulations.|
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