Summary
Autozone, Inc. (AZO) announced on April 2, 2003, a significant distribution agreement with a subsidiary of Midas, Inc. This strategic partnership will involve Autozone distributing parts and accessories to Midas' company-owned and franchised automotive service shops across the United States. Deliveries will be managed through Autozone's established distribution centers for weekly stocking, with additional on-demand "hot shot" deliveries facilitated by Autozone's extensive retail store network.
Key Highlights
- 1Autozone enters into a new distribution agreement with a subsidiary of Midas, Inc.
- 2The agreement covers distribution of parts and accessories to Midas' U.S. automotive service shops.
- 3Weekly stocking deliveries will originate from Autozone's distribution centers.
- 4On-demand "hot shot" deliveries will be made from Autozone's nationwide retail store network.
- 5The phased implementation of these deliveries will occur over the remainder of the calendar year.
- 6This partnership represents an expansion of Autozone's service and reach within the automotive aftermarket.