Pep Boys (PBY) is an automotive aftermarket retailer and service provider. The company operates 767 locations consisting of 571 Supercenters, 190 Service and Tire Centers, and 6 retail stores in 35 states and Puerto Rico.
The automotive retail and service markets are both highly competitive. Big name national companies like AutoZone (AZO) and Advance Auto Parts (AAP), just to name a few, compete with Pep Boys. Add into the market regional chains and independents and the competition looks fierce. Add on top of that dealerships and the industry is downright bloodthirsty. Everyone wants to sell you that brakepad or change your oil for you.
Source: Pep Boys Investor Slides 4/13
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