27.04.2006 15:32:00
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CSK Auto Continues Growth in Key Western Markets
"We are opening stores in existing markets like Denver and SaltLake City that are experiencing very strong population growth and canquickly drive new store traffic and sales," said Martin Fraser,President of CSK Auto. "Checker Auto Parts has the added advantage ofbeing the name-brand market leader in these areas."
CSK's recent acquisition of Murray's Discount Auto Stores in late2005 will also help drive new store growth in 2006. Murray's added 110existing stores in Michigan, Illinois, Ohio and Indiana - states inwhich CSK had no real market presence - enabling CSK to gain apresence in new, contiguous markets or increase its presence inexisting markets, all the while keeping the Murray's brand name thatis well-known and trusted in the Midwest.
"Our acquisition of Murray's puts CSK into new markets and willallow us to fill-in with new stores from Chicago to Cleveland," saidMaynard Jenkins, Chairman and CEO of CSK Auto. "We believe these arecurrently under-served markets in the Do-It-For-Me (DIFM) category,and we plan to open CSK commercial centers, serving DIFM customerneeds, in approximately 50 Murray's stores by 2007."
Checker, Schuck's, and Kragen stores range in size from 6,000 to8,000 square feet. Murray's Discount Auto Stores average 10,500 squarefeet. All stores offer a broad selection of national brand name andgeneric automotive products for domestic and imported cars and lighttrucks, including new and remanufactured automotive replacement parts,maintenance items and accessories. The stores also sell a wide varietyof power and hand tools, as well as power equipment such as aircompressors, pressure washers, and electric generators.
New Store Openings Since Murray's Acquisition
Since the Murray's acquisition on December 19, 2005, CSK Auto hasopened 25 new stores.
Arizona: 3
California: 4
Colorado: 5
Illinois: 4
Michigan: 2
Minnesota: 1
Nevada: 1
New Mexico: 1
Utah: 4
CSK Auto Corporation is the parent company of CSK Auto, Inc., aspecialty retailer in the automotive aftermarket. As of January 29,2006, the Company operated 1,273 stores in 22 states under the brandnames Checker Auto Parts, Schuck's Auto Supply, Kragen Auto Parts andMurray's Discount Auto Stores.
Portions of this release may constitute "forward-lookingstatements" as defined by federal law. Although the Company believesany such statements are based on reasonable assumptions, there is noassurance that actual outcomes will not be materially different. Anysuch statements are made in reliance on the "safe harbor" protectionsprovided under the Private Securities Litigation Reform Act of 1995.Additional information about issues that could lead to materialchanges in the Company's performance is contained in the Company'sfilings with the Securities and Exchange Commission.
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