PHILADELPHIA (April 16, 2014) — Pep Boys – Manny, Moe & Jack plans to open 30 Service & Tire Centers during fiscal 2014, predominantly in three key markets — San Francisco, Boston and Charlotte, N.C.
The Philadelphia-based chain said it also expects to add more of its Speed Shops store-within-a-store operations to existing outlets and convert more locations to the firm's “Road Ahead” modular design.
As many as 20 of the 30 new stores would be opened in the targeted markets during the first half of fiscal 2014, with the others to be opened in three more markets in late 2014/early 2015, according to Mike Odell, president and CEO.
Pep Boys is budgeting about $80 million this year to cover openings of its Service & Tire Centers locations, relocating two Supercenters, opening one new Supercenter, adding 25 Speed Shops within existing Supercenters and converting 42 stores to the company's Road Ahead format.
In the past Pep Boys has estimated it costs about $525,000 and three to four months to transform a Supercenter store into its Road Ahead design, which includes modern wood and stone exteriors. Inside there are streamlined shopping zones and a large customer lounge with leather chairs, TV, WiFi and coffee bar.