Monro, Inc. and Amazon Expand Collaboration to Provide Tire Installation Services Across Central and Western United States
May 21 2019 - 7:31AM
Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive
undercar repair and tire services, today announced it has expanded
its collaboration with Amazon.com to provide tire installation
services at over 400 additional Monro retail tire and automotive
service locations in nine additional states across the Central and
Western regions of the United States, more than doubling the amount
of service locations to over 800 stores.
Brett Ponton, President and Chief Executive
Officer, said, “The rollout of our Amazon.com collaboration has
been progressing very smoothly and we are pleased to announce that
we are expanding this option for tire installation to more than 800
stores across the United States, representing approximately
two-thirds of our store base. Additionally, we have achieved an
average 4.6 star rating at the locations where these services are
available, underscoring the progress we’ve made in delivering a
consistent best-in-class experience to our customers. Building a
true omni-channel presence remains a key initiative of our
Monro.Forward strategy, and we look forward to continuing to expand
this collaboration.”
Initially launched in the greater Baltimore
area, these tire installation services are now available to
customers who purchase tires from Amazon.com and select the
Ship-to-Store option at over 800 locations operating under a number
of Monro brands in 21 states across the United States. The new
states added to the program include Arkansas, Delaware, Iowa,
Kentucky, Minnesota, Missouri, New Jersey, Wisconsin and West
Virginia. Monro remains on track to continue adding retail
locations through fiscal 2020.
In fiscal 2018, the Company launched its
Monro.Forward strategy, which focuses on driving operational
excellence and delivering a consistent best-in-class customer
experience to build a scalable platform for sustainable growth. The
Company’s expanded collaboration with Amazon.com is a key component
of its customer-centric engagement and omni-channel
initiatives.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a
chain of 1,248 Company-operated stores, 98 franchised locations,
eight wholesale locations and three retread facilities providing
automotive undercar repair and tire sales and services. The Company
operates in 30 states, serving the Mid-Atlantic and New England
regions and portions of the Great Lakes, Midwest, Southeast and
West Coast. The predecessor to the Company was founded by Charles
J. August in 1957 as a Midas Muffler franchise. In 1966, Monro
began to diversify into a full line of undercar repair services.
The Company has experienced significant growth in recent years
through acquisitions and, to a lesser extent, the opening of newly
constructed stores. The Company went public in 1991 and trades on
The Nasdaq Stock Market under the symbol MNRO.
CONTACT: |
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Kim Rudd |
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Executive Assistant |
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(585) 784-3324 |
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Investors and Media: Melanie Dambre |
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FTI Consulting |
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(212) 850-5600 |
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