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Delticom “well prepared” for second-half following Q2 growth

Although Delticom reports the summer tyre trade in Europe has so far “lagged behind expectations”, the company behind mytytres.co.uk and some of Europe’s other best-known online tyre retail portals increased its year-on-year revenues and earnings during the second quarter of 2011. April was admittedly described as being a comparatively weak month for Delticom, yet the company says it managed to offset this with positive figures in May. The following month delivered a noticeable year-on-year increase in tyre sales, Delticom added.

19th July 2011/by Tyrepress Editors

Grouptyre: New warehouses aid South East business growth

Grouptyre reports that it is winning new business across the south coast and Kent thanks to investment by member EG Wholesale. The company has opened several new distribution points to improve its service to franchised dealer networks and independent tyre retailers and garages. During the last nine months EG Wholesale has invested £2.5 million in distribution hubs in Canterbury, Strood, Bournemouth, Southampton and Portsmouth and, most recently, opened a new centre in Worthing.

18th July 2011/by Tyrepress Editors

CDP Group reports 2010 sales up 39%

Less than a year after Tyres & Accessories introduced the relatively young company to the wider market, Italian tyre wholesaler CDP group has provided more evidence that it is achieving its high hopes. As promised months ago, CDP Group sent our Italian sister publication (PneusNews.it) the company’s 2010 full balance sheet – far from common practice in some quarters – in a move that signals company CEO Andrea Reggi’s commitment to work with the maximum transparency.

14th July 2011/by Tyrepress Editors

Itochu: Kwik-Fit and Stapleton’s to remain separate

The Itochu Corporation has sought to re-iterate its position that its Kwik-Fit retail business and its Stapleton’s wholesale operation will be run as “entirely separate entities.” Answering questions raised widely within the market following the appointment of Stapleton’s MD Kenji Murai as Kwik-Fit head, an Itochu representative explained: “Subsequent to the recent departure of Kwik-Fit CEO Ian Fraser, Kenji Murai is temporarily leading both Stapleton’s and Kwik-Fit. This is an interim measure that was forced upon us. We can confirm that the two businesses will continue to be run individually and an announcement regarding the organisational structures of both companies will be made within the coming few weeks.”

8th July 2011/by Tyrepress Editors

Comment: A change will do you good?

As the July issue of Tyres & Accessories went to press, Kwik Fit Group announced the arrival of Stapleton's boss Kenji Murai as its new group head. Of course we are all aware of the fact that Itochu now owns both Stapleton’s and Kwik Fit (who could have missed all the coverage reporting the purchase from 2 March onwards?); and it is of course natural that a company will want to have their own people integrated into a business they have purchased (and congratulations and best wishes to the new boss); but there are at least two reasons why this news will raise some eyebrows.

4th July 2011/by Tyrepress Editors

Eden Tyre continues growth with “Teamspirit”

Derbyshire based Eden Tyre Sales (ETS) reports that it has maintained “progressive momentum” during the past 12 months. Commenting on the company's encouraging tyre sales performance, managing director, Matt Eden stated: “Perhaps one of the reasons we have managed to keep on track in terms of sales and growth is our ongoing and successful business liaison with Team Systems, our IT partners who have provided us with a bespoke and completely customised system for many years now.”

1st July 2011/by Tyrepress Editors

Itochu officially completes Kwik Fit Group purchase

Itochu has just announced that it has officially completed the acquisition of the Kwik Fit Group for £637 million. While details of the purchase have been in the press and a popular part of market discussion for some time, up till now the deal had been subject to regulatory approval. However, with the issue of today’s statement Itochu can now say it has officially purchased the UK’s market leading automotive repair company from PAI Partners, which had owned the group since August 2005. The business received EC approval for the purchase back in May.

30th June 2011/by Tyrepress Editors

Corporate and fanatic combine for festival of motorsport – Falken

The ADAC Nürburgring 24 hour race is wrapped up in both the corporate spending in making fast, reliable machines to conquer this most challenging of circuits and what Falken representatives describe as the “punk rock” aesthetic of the camping motorsport enthusiasts – and indeed some of the competitors, as evidenced by the famous Opel Ascona with the fox tail attachment. Speaking with event main sponsor and tyre-supplying participant Falken Tyres Europe, T&A understands the brand’s argument that the race’s blend of research and development opportunities, and the connection with fanatics (a quarter of a million trackside, without taking into account those keeping track on the internet and television) makes it one of the brand’s “most important” events. Falken Tyre Europe’s marketing director, Satoru Ushida explained that the company is keen to show its presence in Europe at such events as it establishes itself further, having taken over distribution of the brand from Goodyear Dunlop in 2009.

30th June 2011/by Tyrepress Editors

Halfords Autocentres to use Cam Systems e-commerce platform

Cam Systems has announced that Halfords Autocentres has signed an e-procurement agreement with the software provider, as it continues to develop its growth strategy. Halfords announced a proposed expansion of its network to 400 sites in May. Cam says the MIDaS-based platform will provide transactional interaction with Halfords’ wholesale suppliers to streamline its tyre buying processes.The system will also allow consumers to view product prices online in coordination with Halfords’ own B2C web facilities.

29th June 2011/by Tyrepress Editors

Second-hand safety

You wouldn’t dream of buying second hand underpants, would you? Not even if they weren’t too shabby and looked perfectly serviceable? No? What strange priorities we have – the idea of togging up in someone else’s castoff briefs is enough to make most people shudder, even if the risk to health and safety from doing so is nil. Yet when it comes to tyres, something we entrust our lives with, thousands of Britons are perfectly happy to dress their cars with a pre-used product.

29th June 2011/by Tyrepress Editors

Grouptyre membership “key” in B.A.B. Distribution expansion

Grouptyre member and wholesale operation of BA Bush & Son, B.A.B. Distribution has announced an expansion of its operation along the east coast of England. The company currently operates 17 centres across Lincolnshire, East Yorkshire, Humberside and Cambridgeshire, having opened four new facilities over the past two years, and it now aims to have 20 outlets by the end of the year on the back of continued growth. The wholesale group says the expansion shows that it is committed to growing its market share by investing to improve the supply chain.

28th June 2011/by Tyrepress Editors

Treadsetters celebrates another record year

Treadsetters may not have been the ultimate winner of the HSBC competition (see "Treadsetters mentioned in HSBC annual report") , but it really is true – winning isn’t everything. The company took the opportunity through the competition to focus more on its business direction and the increased awareness that has been generated both internally and externally has resulted in some clearly positive outcomes for the firm. While the final figures for 2010/2011 have not been audited or published, with sales exceeding the £42 million mark, it was clear that the company was going to be at least 20 per cent ahead of its £35 million target for the year”

27th June 2011/by Tyrepress Editors

Talking winter tyres in the desert with Deldo

With temperatures ranging between 39 and 47’C during the week of this year’s Automechanika Middle East, Dubai might seem like a bizarre place to talk about winter tyres, but that’s the position Tyres & Accessories found itself in during a conversation with Deldo Autobanden NV’s international sales and marketing manager, Rutger Veerman. In addition there was also news of a new Deldo private brand tyre.

But first the winter tyres. According to Veerman, 2011 is the first year the well-known Belgian tyre wholesaler has pre-sold winter tyres to distributors in the UK. Sales of the ironically cold weather products are also said to be booming in general with many companies across Europe failing to get enough stock during the last winter season.

27th June 2011/by Tyrepress Editors

Is EDIWheel the answer to the tyre labelling question?

While the products sold in the tyre industry are undoubtedly high-tech, those working in the business are amongst the first to admit they are anything but computer technicians. So when people start talking about computational protocols such as EDIWheel, and waxing lyrical about how this evolution of the commonly know EDI standard, people’s eyes tend to glaze over. However with many of us still wondering how the tyre retail and distribution sectors are going to handle the administrative nightmare that 2012’s labelling law could bring with it, Tyres & Accessories asks if the EDIWheel standard can help solve the problem.

22nd June 2011/by Tyrepress Editors

Stamford Tyres reports full year 2011 earnings up 41.4 per cent

Stamford Tyres Corporation Limited has announced that its net profits for the year ended 30 April 2011 jumped 41.4 per cent to S$13.3 million off the back of “better sales mix of high performance tyres and earthmover tyres.” According to the company, this combination of high value items “offset rising tyre costs,” while the company’s business in the South Africa, North Asia and South East Asian markets are said to have put in strong sales performances.

22nd June 2011/by Tyrepress Editors