AutoZone (AZO) Chosen By Region 4 Center As Parts Provider
Zacks Investment Research | Aug 08, 2017 09:44PM ET
In a significant development, AutoZone, Inc. (NYSE:AZO) has been awarded a contract as the provider for automotive parts and supplies by Region 4 Education Service Center, Houston, TX. This exclusive, multi-year contract testifies the strength of the Memphis, TN-based company’s automotive products, technology solutions, and team.
The contract is available through the National Intergovernmental Purchasing Alliance (National IPA), the cooperative purchasing organization. The agreement also empowers Elk Grove, CA-based ALLDATA LLC, a subsidiary of AutoZone, to provide its automotive diagnostic and repair solutions for purchase by the National IPA participants. Notably, there are 48,000 public agencies and educational institutions that are participants of National IPA. These participants include states and state agencies such as municipalities, townships and counties, public and private pre-K, primary and higher educational institutions and systems, special districts (e.g. fire, water, sewer, etc.) and charitable organizations. These agencies are allowed to purchase parts, supplies and products of AutoZone and ALLDATA products at a contracted price without furnishing a Request for Proposal (RFP). This eliminates the arduous and time-taking solicitation process.
AutoZone is one of the country’s leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) commercial and other customer markets. It is indeed an honor for AutoZone to be chosen as the exclusive supplier of automotive parts and accessories to National IPA participants.
AutoZone’s shares have decreased 24% in the last three months, underperforming the 18.3% decline of the Zacks Investment Research
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