AKRON-Goodyear expects to announce a 33-percent jump in earnings when its year-end results are released Feb. 9. Goodyear Chairman Stanley C. Gault said the firm's income before extraordinary items is expected to total in the range of $485 million to $490 million, compared with $367.3 million in 1992 earnings before extraordinary items.
After factoring in a one-time charge of $86.3 million related to post-employment benefits, Goodyear's net income is expected to total in the range of $385 million to $390 million. Extraordinary items in 1992 resulted in a net loss of $658.6 million.
Mr. Gault also said Goodyear boosted worldwide sales to an estimated $11.6 billion last year, up from $11.4 billion in 1992.
AKRON-Myers Industries Inc., parent company of Myers Tire Supply, acquired Northwest Tire Shop Supply Co. of Portland, Ore., on Jan. 28, for an undisclosed amount.
Northwest Tire, a wholesaler to tire retreading and repair firms, will merge with the existing Myers Tire Supply branch in Portland. Myers Tire operates 42 warehouses in the U.S. and distributes tire and automotive repair equipment and supplies.
A Myers spokesman said the acquisition of its local competitor will help increase the Akron-based firm's market share in that region.
BFS to mark 1993 as 1st profitable year
NASHVILLE, Tenn.-Bridgestone/Firestone Inc. will report its first profitable year since Bridgestone Corp. bought Firestone in 1988, according to company officials.
BFS has projected 1993 earnings to total $5 million, compared with a $140 million loss in 1992. The Nashville-based company had a profitable second half in 1992, but never had a full year in the black under Tokyo-based Bridgestone.
BFS claims it boosted its market share in most brands 0.5 percent to 1.5 percent in 1993, with its strongest gains in original equipment passenger tires and replacement truck tires.
Sears, Jiffy LUbe to test joint service
LOUISVILLE, Ky.-Sears Merchandise Group and Jiffy Lube International will incorporate Jiffy Lube service areas within three Sears Auto Centers this spring as part of a market test.
Jiffy Lube, a subsidiary of Houston-based Pennzoil Co., will remodel, equip and operate service areas in two Sears outlets in Louisville and one in nearby Clarksville, Ind.
The test will run for six months and, depending on customer acceptance, the service could be expanded to other Sears outlets, according to company officials.
TBC Corp. debuts dealer credit card
MEMPHIS, Tenn.-TBC Corp. introduced a new credit card program, the Today Card, during its dealer meeting in Fort Lauderdale, Fla., Jan. 13-15.
The card, serviced through SPS, a Sears, Roebuck & Co. credit division, is in response to distributors' requests and will be available in April, according to the Memphis-based firm.
TBC's name will not appear on the card, but dealers with sufficient volume can customize the card with their names for particular marketing programs.
NTW buys 20-store Atlanta franchise
WOODBRIDGE, Va.-National Tire Warehouse, a subsidiary of Western Auto, bought out its franchisee in Atlanta Dec. 21.
Dave Lindebaum sold the assets to his 20-store franchise to NTW so the company could further develop the territory, according to NTW President Ed Kaminiski. Mr. Lindebaum left the organization to pursue other interests, he added.
This is only the second franchise NTW has acquired in recent years. There are still seven NTW franchisees operating a total of 18 stores and the company has no plans to offer any new franchises, Mr. Kaminski said.
Goodyear expands Just Tires stores
AKRON-Goodyear is expanding its Just Tires concept into the Philadelphia market with the conversion of 13 company-owned outlets.
Beginning Feb. 1, the outlets-former Goodyear Auto Service Centers and Goodyear-owned Atomic Tire locations-will be remodeled to fit the new tire-only format. The outlets represent about a third of the Atomic outlets and about a quarter of the Goodyear retail stores in the market.
Goodyear currently operates other Just Tires stores in Chicago and Memphis, Tenn.
The Just Tires format stores, which debuted in 1990, carry Goodyear-brand tires and some lines made by its Kelly-Springfield Tire Co. subsidiary. The stores offer only tire-related service, such as mounting, wheel balancing and alignment, and guarantee tire installation within 30 minutes.
With the Philadelphia outlets, Goodyear will be operating 30 Just Tires stores.
Goodyear plans to eventually offer Just Tire franchises to its dealers, a company spokesman said.
General's DeVito leaves company
AKRON-Bruno deVito, General Tire's director of advertising and marketing communications, left the company Jan. 21 after more than 20 years of service.
A company spokesman declined to say if Mr. deVito's departure was voluntary nor could he confirm if it was related to General's recently announced plans to refocus its marketing efforts on passenger and light truck tires. Sher R. Taton, manager of marketing programs, will perform most of Mr. deVito's duties.