Pep Boys Promotes Scott A. Webb and William E. Shull III to Executive Vice President

PHILADELPHIA, PA – June 21, 2010 – (Motor Sports Newswire) – The Pep Boys — Manny, Moe & Jack (NYSE: PBY) , the nation’s leading automotive aftermarket service and retail chain, today announced that Scott A. Webb was promoted to Executive Vice President — Merchandising & Marketing and William E. Shull III was promoted to Executive Vice President — Stores.

“Becoming the automotive solutions provider of choice for the value oriented customer requires excellence in merchandising, marketing and operations,” said President & CEO Michael R. Odell. “Scott and Bill’s leadership was instrumental in achieving our ‘Back in Black’ profitability commitment in 2009; working together, they are leading us toward our ‘Get to Great’ goal for 2010. These promotions are recognition of their breadth of responsibility and also their contributions to our success; both to date, and what we expect in the future.”

Mr. Webb joined Pep Boys in September 2007 as Senior Vice President — Merchandising and Marketing, bringing with him more than 20 years of automotive aftermarket experience in merchandising, customer satisfaction and operations.

Mr. Shull spent more than 25 years in operations management with several retailers before joining Pep Boys in September 2008. That experience included significant time in the automotive aftermarket.

Pep Boys has more than 6,000 service bays within over 590 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting www.pepboys.com .

SOURCE: Pep Boys

####

Pep Boys Declares Quarterly Dividend

PHILADELPHIA, PA – June 18, 2010 – (Motor Sports Newswire) – The Pep Boys — Manny, Moe & Jack (NYSE: PBY) , the nation’s leading automotive aftermarket service and retail chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $0.03 per share payable on July 26, 2010 to shareholders of record on July 12, 2010. The annual dividend of $0.12 per share currently yields approximately 1.2%.

About Pep Boys

Pep Boys has more than 6,000 service bays within over 590 locations in 35 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting www.pepboys.com .

SOURCE: Pep Boys

####

Pep Boys Reports First Quarter 2010 Results

- Net Earnings of $0.23 per Share on 2.7% Sales Increase -

PHILADELPHIA, PA – June 07, 2010 – (Motor Sports Newswire) — The Pep Boys — Manny, Moe & Jack (NYSE: “PBY“), the nation’s leading automotive aftermarket service and retail chain, today announced results for the thirteen weeks (first quarter) ended May 1, 2010.

Sales

Sales for the thirteen weeks ended May 1, 2010 increased by $13.5 million, or 2.7%, to $510.0 million from $496.5 million for the thirteen weeks ended May 2, 2009. Comparable sales increased 1.4%, consisting of a 0.1% comparable service revenue increase and a 1.7% comparable merchandise sales increase. In accordance with GAAP, service revenue is limited to labor sales, while merchandise sales include merchandise sold through both our service center and retail lines of business. Re-categorizing Sales into the respective lines of business from which they are generated, comparable Service Center Revenue (labor plus installed merchandise and tires) increased 0.9%, while comparable Retail Sales (DIY and Commercial) increased 1.8%.

Earnings

Net earnings for the first quarter of fiscal 2010 increased to $12.0 million ($0.23 per share) from $10.9 million ($0.21 per share) recorded in the same period last year. The first quarter 2009 results included, on a pre-tax basis, a $6.2 million gain resulting from bond repurchases.

Commentary

“For the fifth consecutive period, our quarter-over-quarter profitability has improved,” commented CEO Mike Odell. “And for the first time in many years, we achieved increases in both customer count and sales across all lines of business.”

Mike commented further, “We continue to earn the trust of our customers every day by delivering an experience that is based on speed, expertise, respect and value. We recently launched a new marketing campaign, social media efforts and an improved website to more fully communicate the breadth of automotive services, tires, parts and accessories available at Pep Boys. And, of course, our 18,000 associates stand ready to deliver on our vision to be the automotive solutions provider of choice for the value-oriented customer.”

“We have opened five more Service & Tire Centers, another 14,000-square-foot prototype Supercenter and two more Speed Shops within existing Supercenters since the beginning of the fiscal year,” noted CFO Ray Arthur. “Our growth plan remains on track and we expect to achieve our previously disclosed store opening and return targets.”

Pep Boys has more than 6,000 service bays within over 590 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting www.pepboys.com.

Certain statements contained herein constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The word “guidance,” “expect,” “anticipate,” “estimates,” “forecasts” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management’s expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company’s actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers’ ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company’s stores, competitive pricing, the location and number of competitors’ stores, product and labor costs and the additional factors described in the Company’s filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Investors have an opportunity to listen to the Company’s quarterly conference calls discussing its results and related matters. The call for the first quarter will be broadcast live on Tuesday, June 8 at 8:30 a.m. ET over the Internet at the Vcall website, located at
http://www.investorcalendar.com
. To listen to the call live, please go to the website at least 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. Supplemental financial information will be available the morning of June 8 on Pep Boys’ website at www.pepboys.com.

                    Pep Boys Financial Highlights
T                                       M                  M
hirteen weeks ended                ay 1, 2010         ay 2, 2009
-----------------------------  ----------------   ----------------
Total Revenues                     $ 510,033,000      $ 496,488,000
  Net Earnings                     $  11,950,000      $  10,909,000
Basic Earnings Per Share:
  Average Shares                      52,526,000         52,333,000
  Basic earnings per share:        $        0.23      $        0.21
Diluted Earnings Per Share:
  Average Shares                      52,933,000         52,376,000
  Diluted earnings per share:      $        0.23      $        0.21

Pep Boys, Philadelphia
Investor Contact:
Ray Arthur, 215-430-9720
or
Media Contact:
Alex Spooner, 215-430-9588

http://www.pepboys.com

####

Pep Boys Agrees to Pay $5 Million to Resolve Clean Air Act Violations Claims

WASHINGTON, D.C. – May 10, 2010 – (Motor Sports Newswire) – The Pep Boys – Manny, Moe & Jack – (NYSE: PBY) have agreed to pay $5 million in civil penalties and take corrective measures to settle claims that it violated the Clean Air Act by importing and selling motorcycles, recreational vehicles and generators manufactured in China that do not comply with environmental requirements, the U.S. Environmental Protection Agency (EPA) and the U.S. Justice Department announced today.  Baja Inc., which supplied the non-compliant vehicles to Pep Boys, is also settling with the U.S.

“Importers of foreign made vehicles and engines must comply with the same Clean Air Act requirements that apply to those selling domestic products, and this settlement demonstrates that we will take strong action to ensure that importers comply with their obligations,” said Ignacia S. Moreno, Assistant Attorney General for the Environment and Natural Resources Division.  “Under this settlement Pep Boys and Baja will not only pay a civil penalty, but will offset the excess emissions from the vehicles and engines already sold and take steps that go beyond what the law requires to ensure that their future imports and sales meet Clean Air Act standards.”

“Equipment imported into the United States that does not meet our pollution control rules is bad for human health and the environment, and unfair to those companies that play by the rules,” said Cynthia Giles, Assistant Administrator for Enforcement and Compliance Assurance.  “American consumers deserve products that meet standards and protect their health and environment.”

This is the largest vehicle and engine importation case brought by the United States to date under the Clean Air Act, both in number of vehicles and engines imported and penalty paid. The complaint, filed simultaneously with the settlement in federal court in the District of Columbia, alleges that Pep Boys and Baja imported and sold at least 241,000 illegal vehicles and engines from 2004 through 2009.

The agreement requires Pep Boys to export or destroy over 1,300 non-compliant vehicles and engines, and to mitigate the adverse environmental effects of equipment already sold to consumers, estimated at 620 tons of excess hydrocarbon and nitrogen oxide emissions, and more than 6,520 tons of excess carbon monoxide emissions. Under the settlement, Pep Boys will implement projects to offset the excess emissions including offering discounted push or electric lawn mowers in exchange for older more polluting gas-powered mowers.

Motorcycles, recreational vehicles and generators emit carbon monoxide, a gas that is poisonous at high levels in the air even to healthy people and is especially dangerous to people with heart disease. These machines also emit hydrocarbons and nitrogen oxides, which contribute to the formation of ground-level ozone, or smog.  Exposure to low levels of ozone can cause respiratory problems, and repeated exposure can aggravate pre-existing respiratory diseases.

The complaint alleges that at least 45 vehicle and generator models imported and sold by Pep Boys and Baja were not certified to meet federal emission standards. The complaint also alleges that Pep Boys failed to provide purchasers with the full emission-system warranty required by the Clean Air Act, and imported and sold vehicles and engines without the proper emission control information labels.

The vehicles and engines were built by more than 35 different manufacturers in China.  EPA and U.S. Customs & Border Protection discovered the violations through inspections conducted at Pep Boys stores, at U.S. ports, and through a review of importation documents provided to EPA by the company.

The settlement also requires Pep Boys and Baja to offer a free extended emission warranty on certain vehicle and engine models, to reimburse consumers for emission-related repair expenses, and to implement rigorous corporate compliance plans. Baja also agreed to pay a penalty of $25,000, an amount that was reduced substantially in light of Baja’s current financial condition.

The settlement is part of an ongoing effort by EPA to ensure that all imported vehicles and engines comply with Clean Air Act requirements.

Pep Boys is a national automotive aftermarket and service chain with annual sales of $1.9 billion.  The company operates more than 580 stores in 35 states and Puerto Rico. In 2008, the company, based in Philadelphia, was the third largest importer of Chinese-made all terrain vehicles (ATVs) in the United States.  In 2006 and 2007, Pep Boys was the fourth largest importer of generators.

Baja, based in Phoenix, contracts with Chinese manufacturers to supply ATVs and motorcycles to Pep Boys and others.  Baja also manages all after-sale functions, including servicing warranty claims and providing replacement parts for these vehicles.

The settlement, lodged today in the U.S. District Court for the District of Columbia, is subject to a 30-day public comment period and approval by the federal court.  A copy of the consent decree is available on the Justice Department website at

www.justice.gov/enrd/Consent_Decrees.html.

SOURCE U.S. Department of Justice

####

The March Group Helps Pep Boys Acquire Florida Tire, Inc.

CORAL SPRINGS, FL – January 20, 2010 – (Motor Sports Newswire) – The March Group, a leading private mergers and acquisitions advisory firm specializing in the sale of middle-market businesses, announced today that The Pep Boys — Manny, Moe & Jack (NYSE: “PBY“) acquired March Group client Florida Tire, Inc. in October 2009. The March Group worked with both parties for about a year before the purchase was finalized.

Florida Tire, Inc. is a chain of 10 automotive service and tire stores in central Florida. Its first location was established in Orlando in 1987 by its former president, Doug Bolt. It has three Orlando stores. Other Florida stores include Apopka, Winter Park, Leesburg, Sanford, Clermont, Celebration and Eustis. The company sells Goodyear and Dunlop tires and provides a wide range of maintenance services for most cars and trucks.

Pep Boys is the nation’s leading automotive aftermarket service and retail chain. It is the only aftermarket retail and service chain in the nation that serves all four segments of the automotive aftermarket: do-it-yourself, do-it-for-me, buy-for-resale and replacement tires.

“Selling my company was one of the biggest decisions of my life, but The March Group gave me all the information and support I needed to sell it with confidence,” said Doug Bolt, former president of Florida Tire. “Now I look forward to working with Pep Boys to help it grow, knowing that my employees and customers are in good hands.”

Doug Bolt remains with Pep Boys, focusing on its expansion plans and its relationship with Goodyear.

“We are leading our expansion with our service business, growing through new Service & Tire Centers,” said Joe Cirelli, Pep Boys’ senior vice president of corporate development. “The 10-store Florida Tire chain presented the perfect opportunity to grow within a market where we have existing Supercenters that can help support these smaller, neighborhood-based Service & Tire Centers. The 10 Florida Tire stores accelerated our expansion program this year, providing a model for our future growth.”

In addition to a new Supercenter, Pep Boys will have opened 24 new Service & Tire Centers by the end of the Company’s fiscal 2009 (January 2010); the Company expects to add another 40 in 2010 and 80 in 2011.

March Group Managing Director Ed Wilcox, who supervised the deal, commented, “I am grateful for the wonderful support that I received from our client, Doug Bolt, the owner of Florida Tire and for the professionalism and support of the buyer, Pep Boys — in particular, Joe Cirelli and his staff. The opportunity to work with and assist a true entrepreneur and gentleman such as Doug Bolt is one of the reasons I enjoy my work with The March Group so much.”

About Pep Boys

Pep Boys has approximately 6,000 service bays within over 580 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States.

About The March Group

Founded in 1986, The March Group is headquartered in Coral Springs, Florida, and has offices throughout the United States and worldwide. The company employs over 200 professionals and has built a dynamic network of business contacts all over the globe. The March Group specializes in the marketing, negotiation and sale of privately held middle-market businesses. The March Group has successfully helped hundreds of business owners sell their companies by connecting them with buyers.

For more information about The March Group, please visit the following:

www.MarchGroup.com
www.Corporations4Sale.com
www.facebook.com/TheMarchGroup
www.Twitter.com/TheMarchGroup

####

Pep Boys Declares Quarterly Dividend

PHILADELPHIA, PA – December 28, 2009 – (Motor Sports Newswire) – The Pep Boys – Manny, Moe & Jack (NYSE:PBY), the nation’s leading automotive aftermarket service and retail chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $0.03 per share payable on January 25, 2010 to shareholders of record on January 11, 2010. The annual dividend of $0.12 per share currently yields approximately 1.4%.

About Pep Boys

Pep Boys has approximately 6,000 service bays within over 580 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting
http://www.pepboys.com
.

Pep Boys, Philadelphia
Investor Contact: Ray Arthur, 215-430-9720
Media Contact: Alex Spooner, 215-430-9588
Internet:
http://www.pepboys.com

####