AutoZone

1970s

Originally a division of Memphis-based wholesale grocer Malone & Hyde, the company was known as Auto Shack. After the sale of the grocery operation to the Fleming Companies of Oklahoma City, Oklahoma, the name of the company was changed to AutoZone to better reflect the company focus just prior to the company going public.

On July 4, 1979, the first store opened in Forrest City, Arkansas^[3] under the name of Auto Shack.^[4] Doc Crain was the store's first manager. Sales that first day totaled $300.00.^[5]

1980s

In 1981, Express Parts or VDP was implemented to get the customers hard to find parts by special ordering them through wholesalers. The total stores were 73 in 7 states.

In 1984, the company became the first auto parts retailer to create a quality control program for its parts. Total stores were 194 in 13 states.

In 1985, Doc Crain coined the term WITTDTJR, which stands for "What it takes to do the job right." The total store count is 263 in 14 states. Peter Formanek stepped in as president. He oversaw the auto parts firm's daily operations and worked on growth strategy.^[2]

By 1986, expansion had made the company grow into a large store chain across the South and the Midwest. That year, Darren Reltherford, manager of Auto Shack's Memphis, Tennessee store, received the first Extra Miler award, which has since been given to AutoZoners who show their dedication to customer satisfaction by "going the extra mile" for customer service. The Duralast line of alternators and starters was released. The Loan-A-Tool program began allowing customers to borrow specific tools for jobs. The fourth distribution center in Greenville, South Carolina opened. The total number of stores was 339 in 15 states.

In 1986, Auto Shack was sued by Radio Shack for trademark infringement. In 1987 Auto Shack announced plans to change its name to AutoZone. ^[4] The first AutoZone store was in Enid, Oklahoma. That year also, the company introduced WITT-JR, an electronic catalog used to look up parts and keep warranty information. The total number of stores was 459 in 16 states.

In 1989, the company began using a computerized store management system (SMS). The Duralast battery line consisting of Sub-Zero, Desert, and long life was released. The total number of stores was 513 in 17 states.

1990s

In 1991, its stock began trading on the New York Stock Exchange using the ticker symbol "AZO."^[4] It opened up at $27.50 a share. The fifth DC opens in Lafayette, Louisiana. The company also became the first auto parts retailer to register customer warranties in a computer database.

In 1994, AutoZone began using satellites to facilitate communication between stores and the corporate office. Sales hit $1.5 billion.

In 1995, AutoZone opened its 1,000th store in Louisville, Kentucky. Also, the Duralast trademark made its debut with the Duralast and Duralast Gold batteries. Total of stores is now 1,143 in 26 states.^[6]

1996 was the year when the Internet era arrived at the company, when AutoZone opened its company Web site. The new commercial program debuted in Germantown, Tennessee. ALLDATA, a software company based in Elk Grove, California that provides automotive diagnostic and repair information, was acquired.^[7]

Company founder Pitt Hyde retired as chairman and CEO in 1997.^[4] John Adams became the new chairman and CEO.

In 1998,^[8][9] AutoZone acquired ADAP Inc, who had stores under the ADAP Discount Auto Parts and Auto Palace nameplates respectively,^[10] both being auto parts chains in the northeastern United States with 112 stores,^[11][12] TruckPro L.P., a chain with 43 stores in 14 states, and the 560-store Chief Auto Parts Inc., a chain with a presence in 5 states.^[13][14] At the commencement of fiscal 1999, AutoZone made another acquisition by purchasing 100 Express stores from The Pep Boys—Manny, Moe & Jack.^[15] The company began a process of internationalization with their first store abroad, which opened in Nuevo Laredo, Mexico.^[16] AutoZone closed the 1990s by debuting at the Fortune 500 list in 1999.

2000s

Steve Odland became AutoZone's third CEO in 2001.^[17] Also in 2001, AutoZone sold TruckPro to Paratus Capital Management.^[18]

In 2002, AutoZone developed a network of "hub, feeder, and satellite" stores to have more product in the market area, while reducing inventory investment. Sales hit $5.33 billion.^[19]

In 2003, the Duralast tool line was introduced. This was a year of important negotiations for AutoZone, as the company partnered with other important auto parts industry companies, such as CarMax and Midas. AutoZone de Mexico opens the first DC in Nuevo Laredo, Mexico. Total stores number 3,219 in 48 states and 49 in Mexico.^[20] In 2004, founder J.R. "Pitt" Hyde III was inducted into the Automotive Hall of Fame.^[21]

In 2004, Auto Zone was sponsored by the NCAA Liberty Bowl at Simmons Bank Liberty Stadium in Memphis, Tennessee

In 2005, William C. Rhodes III was named president and CEO. Steve Odland left to become the chairman and CEO of Office Depot.^[22]

In 2007, Bill Rhodes, then 42, was named chairman, president and chief executive officer of AutoZone, Inc. on June 6.^[23]

In 2008, AutoZone opened their 4,000th store in Houston, Texas. Sales hit $6.2 billion.^[24][25]

2010s

On December 15, 2011, ALLDATA LLC, an operating unit of AutoZone, expanded its direct presence in Canada to better serve its growing customer base.^[26][27]

On August 17, 2012, AutoZone expanded into their 49th state Alaska by opening their 5,000th store in Wasilla, Alaska.

In 2012 AutoZone opened their first store in Brazil.^[28]

In December 2012, AutoZone purchased AutoAnything.com, an e-commerce leader in aftermarket automotive parts based in San Diego, California.^[28][29]

By April 2017, AutoZone had been the largest retailer of automotive parts in North America for three consecutive years.^[30] As of August 2017, AutoZone had 5,465 locations in the United States, 524 locations in Mexico, and 46 locations in Brazil, for a total of 6,035.^[31]

On October 22, 2018, Pitt Hyde announced that he would be stepping down from AutoZone's board of directors.^[32]

2020s

In late May 2020, two AutoZone stores were destroyed by arson during the George Floyd protests in Minneapolis–Saint Paul.^[33]

In early Jan 2024 Phillip Daniele, was promoted to CEO.

Headquarters

Since October 1995, AutoZone has been headquartered in its J.R. Hyde, III Store Support Center (SSC), a 270,000-square-foot (25,000 m²), eight-story building in Downtown Memphis, Tennessee.^[34] As of 2013 there were over 1,200 employees there.^[35]

The project manager of the building's construction was Rob Norcross, a principal at LRK Inc. The building has the capability to withstand a 9.0 magnitude earthquake because it has a special base isolation system that had a price tag of $950,000.^[34]