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Tuesday, November 13, 2007
the Auto Retail Informer November 13, 2007
Auto Retail Informer Intro November 13, 2007
"We see an abundance of external opportunities. And we have numerous internal initiatives in place, which we believe can expand the market we currently compete in. . . In addition to adding entirely new categories, we have the opportunity to add new brands and additional SKUs within existing brands. . . As another example, we carry A&N, a well known manufacturer of air management products. We currently only carry approximately 20% of their total SKUs (stock keeping units.) In the coming months we plan to add the remaining 80%, or 4,000 SKUs to our website. We also believe that brick and mortar retailers will have difficulty in carrying all 4,000 additional SKUs. This points out a key c
...To view the entire article: US Auto Parts 3Q07 Results (11/13/07)
Last week while I was learning about the buy here pay here industry, U.S. Auto Parts reported third quarter earnings and hosted its conference call. A little less than a year ago when management hosted its first conference call after becoming a public company I used the term "un disastro" to describe the call. And with the stock down more than 15% following the 3Q call, I think I can safely describe the call yet another "disastro" part deaux (or maybe squared.) Shane Evangelist, US Auto Part's new CEO (hired within the last month) got on the conference call and started to defend the company's results and began articulating a new vision for the company. I think there are very few opportunities in a CEO's career when they actually ha
... To view the entire article: |
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