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):
"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. |
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