Printer Friendly
The Free Library
14,551,487 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

CSK Auto Continues Growth in Key Western Markets.


PHOENIX -- CSK Auto CSK Auto Inc. is the largest specialty retailer of automotive parts and accessories in the western United States and one of the largest retailers of such products in the entire country. , Inc. (NYSE NYSE

See: New York Stock Exchange
: CAO), operator of more than 1,270 Checker, Schuck's, Kragen, and Murray's auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 stores throughout 22 Western and Midwestern states, celebrated the grand opening of 11 new Denver-area and Salt Lake-area stores in March and early April.

"We are opening stores in existing markets like Denver and Salt Lake City that are experiencing very strong population growth and can quickly drive new store traffic and sales," said Martin Fraser, President of CSK Auto. "Checker Auto Parts has the added advantage of being the name-brand market leader in these areas."

CSK's recent acquisition of Murray's Discount Auto Stores in late 2005 will also help drive new store growth in 2006. Murray's added 110 existing stores in Michigan, Illinois, Ohio and Indiana - states in which CSK CSK

see chronic superficial keratitis.
 had no real market presence - enabling CSK to gain a presence in new, contiguous markets or increase its presence in existing markets, all the while keeping the Murray's brand name that is well-known and trusted in the Midwest.

"Our acquisition of Murray's puts CSK into new markets and will allow us to fill-in with new stores from Chicago to Cleveland," said Maynard Jenkins, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of CSK Auto. "We believe these are currently under-served markets in the Do-It-For-Me (DIFM DIFM Do It for Me (as opposed to Do It Yourself)
DIFM Due-In From Maintenance
DIFM Digital Instantaneous Frequency Measurement
DIFM Distributed Interactive Fire Mission
) category, and we plan to open CSK commercial centers, serving DIFM customer needs, in approximately 50 Murray's stores by 2007."

Checker, Schuck's, and Kragen stores range in size from 6,000 to 8,000 square feet. Murray's Discount Auto Stores average 10,500 square feet. All stores offer a broad selection of national brand name and generic automotive products for domestic and imported cars and light trucks, including new and remanufactured automotive replacement parts, maintenance items and accessories. The stores also sell a wide variety of power and hand tools, as well as power equipment such as air compressors, pressure washers, and electric generators.

New Store Openings Since Murray's Acquisition

Since the Murray's acquisition on December 19, 2005, CSK Auto has opened 25 new stores.
Arizona: 3
California: 4
Colorado: 5
Illinois: 4
Michigan: 2
Minnesota: 1
Nevada: 1
New Mexico: 1
Utah: 4


CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket Aftermarket

See: Secondary market.


aftermarket

See secondary market.
. As of January 29, 2006, the Company operated 1,273 stores in 22 states under the brand names Checker Auto Parts, Schuck's Auto Supply, Kragen Auto Parts and Murray's Discount Auto Stores.

Portions of this release may constitute "forward-looking statements" as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" protections provided under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Additional information about issues that could lead to material changes in the Company's performance is contained in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 27, 2006
Words:489
Previous Article:DAVID Seeds Marks 80th Anniversary with 80-Day Summer Tour to Celebrate Baseball--with Good Seeds, Good Deeds & Good Fun; Tour Features Fun for Fans...
Next Article:Equitex Provides Update on Nasdaq Listing Status.
Topics:



Related Articles
Car talk.(January 3-9)(The Greater L.A. Auto Show )(Brief Article)
CSK Auto Announces Appointments of Chief Administrative Officer and Chief Financial Officer.
CSK Auto Awarded for Recycling Efforts.
CSK Auto Corporation To Purchase Murray's Discount Auto Stores; Revises Full Year Guidance.
CSK Auto Corporation Announces Proposed Private Offering of Exchangeable Senior Notes.
CSK Auto Corp. Investor Presentation to be Available on Web Site.
CSK Auto Corp. Completes Purchase of Murray's Discount Auto Stores and Financing Transactions.
Kragen Auto Parts Provides Convenient Collection Points for Used Rechargeable Batteries.
CSK Auto Announces Management Appointments.
Exide Technologies to Supply Batteries to Murray's Discount Auto Parts Stores.(Company overview)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles