I-Man
8 years ago
Like many chains that go "public", already they are showing problems with inferior technicians and not able to fix problems in timely fashion.
My company right now has returned same service vehicle to Clark Tire 4 times in last week as problem still is not fixed correctly, and this costs me lost monies and downtime in my business, and I will send bill to MNRO for my company's losses because of all this. No matter my son is MGR in Asheville, NC area store, here in the Hickory, NC region, they have gone downhill in quality and expertise all to meet new corp standards of "feeding bottom line", and as a businessman myself, this will NOT happen to me...
MNRO will cover my businesses' losses as I am expected to be 100% correct when we leave any business or residence in my operation; I expect the same with MNRO centers when we take a vehicle to them to be repaired...
I-Man
8 years ago
Thanks Wild_ I will say here publicly, my own son who is a manager in NC for Clark Tire (now owned by MNRO), is seeing his health decline and basically never getting time off for his family, being called middle of night, etc and no job is worth that- especially when MNRO came in and acquired Clark Tire in NC this past year (John Clark never told his employees until deal was done and only then via e-mail) and took away basically all previous benefits they had and limited salaries to new formula...
His shop in Asheville, NC area that used to have like 16 fulltime workers is down to like 5...
I-Man
9 years ago
MNRO getting very active in mergers/acquisitions all year it seems, trying to buy out every retail auto repair shop 40million or higher in revenues using all their assets/credit strength... Missed earnings by 2 cents, but seems to me very risky in doing this, as seems their minds are if they buy all competitors, they will corner market, people will be forced to go to their stores regardless, and thus, they will be able to recoup exponentially the costs of doing such aggressive mergers like they are.
Most recent victim in Hickory, NC area is they did private deal to owner of Clark Tire Company, and NONE of the employees or managers knew about it, and all received e-mail from owner one evening only, just had recent meeting in Hickory, NC about Merger expectations, whereas MNRO will formally control Clark Tire stores as of August 28th now... Word is they paid Owner of Clark Tire just over $1 Billion CASH for his former private family business...
Clark employees not happy as they already said all Administrative/Finance Dept people to lose jobs, as MNRO bringing in their own people. As far as others/managers, they took base salaries away and only going to pay them on % of store retail profits and cut benefits Clarke Tire employees were receiving even... Plus managers told expect to work 7 days/week 12 hour days, limited breaks even... Wonder what Federal/State wage & hour bureau thinks of such terms of employment?? I thought it was illegal to cut any employees salary under labor laws??
Penny Roger$
13 years ago
Monro Muffler Brake, Inc. (Monro) is a chain of 803 Company-operated stores (as of March 31, 2012), three franchised locations and 14 dealer-operated stores providing automotive undercar repair and tire services in the United States. As of March 31, 2012, Monro operated Company stores in 19 states under the names Monro Muffler Brake & Service, Tread Quarters Discount Tire, Mr. Tire, Autotire Car Care Center and Tire Warehouse (together, the Company Stores). During the fiscal year ended March 31, 2012 (fiscal 2012), the Company Stores serviced approximately 4.4 million vehicles. On June 5, 2011, the Company acquired 24 retail tire and automotive repair stores located in Pennsylvania and New Jersey from Vespia Tire Centers, Inc.; on October 10, 2011, the Company acquired seven retail tire stores located in Ohio and Pennsylvania from Terry’s Tire Town, and on November 19, 2011, the Company acquired a retail tire store in Maine from Expert Tire, Inc.
http://www.google.com/finance?q=MNRO
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__SmartMoney__
8 years ago
