AutoZone Acquires AutoAnything On-line Retail Store
Auto parts chain retailer AutoZone Inc. has acquired on-line auto parts and accessories retailer AutoAnything.com. The terms and details of the transaction were not disclosed. But accoring to AutoZone representatives, the purchase of the San Diego-based AutoAnything was an opportunity to extend its web presence. “The company's culture and leadership is an outstanding fit with our company as we look forward to growing our e-commerce initiatives for many years to come,” said Bill Rhodes, chairman, president and CEO of AutoZone.
AutoZone is listed as one of the 2012 Internet Retailer Top 500, and has reported modest increases in e-commerce and total sales for the first quarter of fiscal 2013. AutoAnything is also listed as one of the Top 500, had has reported web sales of earnings of $111.9 million in 2011, up by 13.8% from $98.3 million in the prior year, according to Internet Retailer, and on-line e-commerce intellegence magazine. AutoAnything is privately held and was founded in 1979.