Monro Will Consolidate Retail Brands
MTD Top News
May 23, 2019
Top 5 News
 
1. Monro Will Consolidate Retail Brands

As Monro Inc. continues to refresh the look of its 1,000-plus stores, the company also plans to streamline its retail operations and focus on five “regional power brands,” rather than the nine different nameplates it operates currently.  

2. Virginia Tire & Auto Is Adding 4 Stores in 2019

Virginia Tire & Auto LLC has opened two stores so far in 2019 with two more stores on the way. Along with adding its first outlet outside of Northern Virginia, the company has hired its first chief financial officer.

3. Falken Taps Bob Klimm to Lead Commercial Tire Sales

Falken Tire Corp. has promoted Bob Klimm to director of sales, commercial division, for the North American market.

4. Michelin Is Buying Another Telematics Company

Michelin Group is extending its reach into telematics and fleet management with another acquisition. First it was Sascar in Brazil. Then NexTraq in the U.S. Next up: Masternaut in Europe.

5. Amazon Has Access to More Than Half of Monro's Stores

Amazon has added more than 400 Monro Inc. locations in nine states to its brick and mortar tire installation network.That more than doubles the number of service locations involved in the collaboration between Amazon and Monro.

Top 5 Articles
 
1. Low Rolling Resistance Tires and the Future of Hybrids

By 2030 hybrids will account for half of Toyota's global vehicle production. That means 'green' tires are going mainstream, and they're expanding beyond 15- and 16-inches to match the rest of the replacement tire market.

2. New Employees Should Master One Task at a Time

Training someone to work in a tire store is like teaching algebra — the student has to know the basics first. Muscle memory helps in math, and it can help a new employee learn the ropes without taking shortcuts.

3. R/T Tires: New Category, Not Marketing Hype

Is the alphabet soup known appropriately as the LT tire market big enough for another letter? Until recently, there were only three types of LT-sized tires: H/T for highway-terrain, A/T for all-terrain and M/T for mud-terrain.

4. AG Tire Talk: Stubble Damage -- It Can’t Be Eliminated, But It Can Be Managed

Tire makers have plenty of advice when it comes to managing stubble damage. The checklist includes a tire with a stubble-strong compound and 45-degree lug design. But one universal solution doesn't come from any tire company.

5. A Look at Online Tire Prices

As tire dealers all over the country work to adapt to the pressures of online tire sales, the looming question about Amazon.com Inc. in the market is price.

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