National Tire and Battery

National Tire and Battery (NTB) is an American brand of auto service centers. It was formerly owned by Sears until it was spun off in 2003.

Sears created the brand in 1997 by consolidating the Tire America (TA) and National Tire Warehouse (NTW) brands, adding the "B" to include its DieHard brand of batteries.[1] Sears sold the brand, which consisted mostly of stores set apart from its name brand stores, in 2003 to TBC Corporation. A Sears spokesman said "Because of the separate branding and the lack of proximity to our retail operations, we weren't able to drive growth like a TBC could".[2] The chain of 226 stores was reported to have brought in $425 million in revenue and $60 million in profit in 2002.[2]

TBC Corporation also owns the Big O Tires brand of stores, as well as the Tire Kingdom and Merchant Tire chains.

References

  1. ↑ "Sears to Expand Stand-Alone Auto Outlets", New York Times, March 20, 1997
  2. ↑ 2.0 2.1 "Sears Plans to Sell National Tire and Battery for $260 Million", by Constance L. Hays, New York Times, September 23, 2003

External links

This article is issued from Wikipedia - version of the 5/30/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.