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By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | December 27, 1995
Trak Auto Corp. yesterday announced that it will spend $6 million to purchase a chain of 15 automotive parts-repair stores in the Pittsburgh area and that it plans to open another 10 outlets there by year-end 1996.The Landover-based retailer's agreement with National Auto Stores, a chain owned by WSR Corp. of New York, is expected to close by the end of February.Trak Auto officials said the acquisition represents the first expansion since the Dart Group Corp. unit began a restructuring two years ago and hinted that other sizable expansion-oriented purchases could follow.
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NEWS
December 28, 1996
A man delivering a pizza to a Brooklyn Park auto parts store last night interrupted a robbery and was shot in the chest, Anne Arundel County police said.The unidentified victim, in his 30's was making a delivery about 8:20 p.m. to Trak Auto in the 5100 block of Ritchie Highway. He entered as the store was being robbed by two gunman. One of the men shot him, police said.The gunmen ran, police said. The victim was taken to Maryland Shock Trauma Center. His condition was not available.Pub Date: 12/28/96
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BUSINESS
June 12, 1991
Trak Auto Corp.Landover-based Trak Auto Corp. reported yesterday a net loss of $3.4 million for its first quarter, which ended April 30, compared to net income of $925,000 a year ago. Sales increased 11.9 percent, to $75.6 million, during the quarter, the company said.The loss for the quarter is primarily the result of lower margins due to market pressures, the company said.Trak Auto, which sells discount auto parts and accessories, has 335 stores in the Washington, Baltimore, Richmond, Va., Chicago, San Diego and Los Angeles metropolitan areas.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | December 27, 1995
Trak Auto Corp. yesterday announced that it will spend $6 million to purchase a chain of 15 automotive parts-repair stores in the Pittsburgh area and that it plans to open another 10 outlets there by year-end 1996.The Landover-based retailer's agreement with National Auto Stores, a chain owned by WSR Corp. of New York, is expected to close by the end of February.Trak Auto officials said the acquisition represents the first expansion since the Dart Group Corp. unit began a restructuring two years ago and hinted that other sizable expansion-oriented purchases could follow.
BUSINESS
December 14, 1994
Trak AutoCorp. *Landover.... ... ... .. ... .. .Ticker ... ... ... . Yesterday's.... ... ... ... ... .. Symbol .... ... ... Cls. ... Chg..... ... ... ... ... .. TRKA ... ... ... .. 15 ... unchgPeriod endedOct. 29 ... ... ... ... 3rd qtr. ... ... ..Year ago ... Chg.Revenue ... ... ... ... $88,848 ... ... .. $86,352 ... +2.9%Net Income ... ... ... $2,198 ... ... ... .$267 ... .. +723.2 %Primary EPS ... ... .. $0.36 ... ... ... ..$0.04 ... ..+800%.... ... ... ... .. .. 9 mos. ... ... .. Year ago ... Chg.Revenue ... ... ... .. $266,415 ... ... $248,589 ... +7.2%Net Income ... ... .. $8,218 ... ... .. $694 ... ... +1,084%Primary EPS ... ... .. $1.34 ... ... .. $0.11 ... .. +1,118%* Dart Group Corp.
BUSINESS
September 14, 1991
Dart Group Corp.This Landover-based retail organization, whose primary operations include Crown Books and Trak Auto Corp., reported that revenues increased, but earnings went down during its second fiscal quarter of 1991, compared with the same period a year earlier.Dart reported revenues exceeding $307 million for the second quarter of this year, compared with more than $266 million for the second quarter of 1990."The reduced level of earnings was due to the loss experienced in the first quarter by Trak Auto Corp," a company spokesman said.
BUSINESS
By Michael Dresser and Michael Dresser,Staff Writer | September 15, 1992
Dart Group Corp., the retail and financial company controlled by the Haft family of Washington, reported that its earnings for the second quarter plunged 72.5 percent from the same period a year ago.The plunge was not attributable to problems in the two companies Dart controls, Crown Books and Trak Auto. Trak Auto posted a healthy earnings gain, while the decline at Crown was too small to have had such a dramatic effect on Dart's earnings.Besides its 53 percent share of Crown Books and 68 percent share of Trak Auto, Dart owns 50 percent of Shoppers Food Warehouse, a fast-growing grocery chain in the Washington area, and 100 percent of Dart Group Financial and Cabot-Morgan Real Estate Co. Dart, Crown and Trak Auto are all based in Landover.
BUSINESS
September 10, 1991
Crown BooksCrown Books Corp., the Landover-based discount bookstore chain, reported second-quarter income that was down 26.3 percent from a year earlier, blaming the decline on a one-time gain from a year-earlier disposal of assets. A year ago, the company showed an extra gain of $1,829,000 from selling shares in Bookstop Inc. Crown operates 255 bookstores in the Washington area and in California, Houston, Chicago and Seattle.Trak AutoTrak Auto Corp., a Landover-based operator of discount auto parts stores, reported increased profits for both the second quarter and first half of its fiscal year.
BUSINESS
November 9, 1990
Landover-based Dart Group Corp. announced yesterday that sales increased 18.8 percent and 17.3 percent, respectively, for the three-month and nine-month periods that ended Oct. 31.Three-month sales increased to $261,475,000 from $220,075,000, and nine-month sales rose to $747 million from $636,829,000.The increase in Dart's sales resulted primarily from the increase in the number of stores operated by Shoppers Food Warehouse, Crown Books and Trak Auto, all subsidiaries of Dart Group.In addition, sales were up 7.5 percent and 7.1 percent during the three- and nine-month periods for stores open more than one year.
BUSINESS
June 16, 1993
Trak Auto Corp. *Ticker.. .. .. .. .. .. ... .. .. .. Yesterday's Symbol.. .. .. .. ... .... .. .. .. Cls.. .. .. ..Chg.TRKA .. .. .. .. .. .. .. .. .. .. ..12 5/8 . .. .. .. .- 7/8Period endedMay 1 .. .. .. .. 1st qtr.. .. .. .. ..Year ago.. .. .. .. ... .. Chg.Revenue .. .. .. $77,883 .. .. .. .. ..$77,836 .. .. .. .. .. ...0.0%Net Income .. .. .. .$92 .. .. .. .. ..$1,573**. .. .. .. .. .. -94.2%Primary EPS .. .. .$0.01.. .. .. .. .. $0.54*. .. .. .. .. .. ..-98.1%Figures in thousands (except per-share data.
BUSINESS
September 19, 1995
State eases standard on gas sold in winterMaryland has passed an emergency regulation to ease the amount of oxygen required in gasoline sold in Maryland, Comptroller Louis L. Goldstein said yesterday.The regulation, which lifts a requirement for cleaner-burning gasoline in Maryland during the winter months, is expected to result in lower shipping and blending costs for the state's 3,000 gasoline distributors and retailers.The savings, a penny or two per gallon, may be passed on to consumers, Mr. Goldstein said.
BUSINESS
December 14, 1994
Trak AutoCorp. *Landover.... ... ... .. ... .. .Ticker ... ... ... . Yesterday's.... ... ... ... ... .. Symbol .... ... ... Cls. ... Chg..... ... ... ... ... .. TRKA ... ... ... .. 15 ... unchgPeriod endedOct. 29 ... ... ... ... 3rd qtr. ... ... ..Year ago ... Chg.Revenue ... ... ... ... $88,848 ... ... .. $86,352 ... +2.9%Net Income ... ... ... $2,198 ... ... ... .$267 ... .. +723.2 %Primary EPS ... ... .. $0.36 ... ... ... ..$0.04 ... ..+800%.... ... ... ... .. .. 9 mos. ... ... .. Year ago ... Chg.Revenue ... ... ... .. $266,415 ... ... $248,589 ... +7.2%Net Income ... ... .. $8,218 ... ... .. $694 ... ... +1,084%Primary EPS ... ... .. $1.34 ... ... .. $0.11 ... .. +1,118%* Dart Group Corp.
BUSINESS
By Bloomberg Business News | August 3, 1993
LANDOVER -- Dart Group Corp.'s board elected Ronald S. Haft president and chief operating officer yesterday, two months after his older brother was ousted from those positions.Herbert H. Haft, 72, forced his older son, Robert Haft, 40, out of the family-controlled companies, including Dart, Crown Books Corp. and Trak Auto Corp., in June.Herbert Haft, Dart's chairman and controlling shareholder, named Ronald Haft, 34, to the company's board July 29.Herbert Haft removed his wife, Gloria, and his son Robert Haft from Dart's board in early June.
BUSINESS
June 16, 1993
Trak Auto Corp. *Ticker.. .. .. .. .. .. ... .. .. .. Yesterday's Symbol.. .. .. .. ... .... .. .. .. Cls.. .. .. ..Chg.TRKA .. .. .. .. .. .. .. .. .. .. ..12 5/8 . .. .. .. .- 7/8Period endedMay 1 .. .. .. .. 1st qtr.. .. .. .. ..Year ago.. .. .. .. ... .. Chg.Revenue .. .. .. $77,883 .. .. .. .. ..$77,836 .. .. .. .. .. ...0.0%Net Income .. .. .. .$92 .. .. .. .. ..$1,573**. .. .. .. .. .. -94.2%Primary EPS .. .. .$0.01.. .. .. .. .. $0.54*. .. .. .. .. .. ..-98.1%Figures in thousands (except per-share data.
BUSINESS
By New York Times News Service | June 8, 1993
The feud among members of the Haft family over the control of their holdings in the Dart Group could well be a plot for the kinds of books Robert M. Haft promotes in television and newspapers advertisements for Crown Books, one of Dart's companies.Mr. Haft, 40, founded the Crown Books chain in 1977 and made it the nation's third-largest bookseller after Waldenbooks and Barnes & Noble, with reported sales of about $241 million. He was expected soon to succeed his 72-year-old father, Herbert H. Haft, as chairman and chief executive of the Dart Group.
BUSINESS
December 12, 1992
Circuit City Stores Inc.Reflecting the pickup in retail spending, this Richmond, Va.-based company reported improved third-quarter income on higher sales.During the quarter, Circuit City opened 26 new "superstores," many of them in the Southeast and Southwest.Still, "markets throughout the country remained highly competitive during the quarter," said Richard L. Sharp, Circuit City's president and chief executive.Three months ended 11/30......Revenue... .... .... Net.... .... .... Share'92 ..805,426,000.
NEWS
December 28, 1996
A man delivering a pizza to a Brooklyn Park auto parts store last night interrupted a robbery and was shot in the chest, Anne Arundel County police said.The unidentified victim, in his 30's was making a delivery about 8:20 p.m. to Trak Auto in the 5100 block of Ritchie Highway. He entered as the store was being robbed by two gunman. One of the men shot him, police said.The gunmen ran, police said. The victim was taken to Maryland Shock Trauma Center. His condition was not available.Pub Date: 12/28/96
BUSINESS
December 12, 1992
Circuit City Stores Inc.Reflecting the pickup in retail spending, this Richmond, Va.-based company reported improved third-quarter income on higher sales.During the quarter, Circuit City opened 26 new "superstores," many of them in the Southeast and Southwest.Still, "markets throughout the country remained highly competitive during the quarter," said Richard L. Sharp, Circuit City's president and chief executive.Three months ended 11/30......Revenue... .... .... Net.... .... .... Share'92 ..805,426,000.
BUSINESS
By Michael Dresser and Michael Dresser,Staff Writer | September 15, 1992
Dart Group Corp., the retail and financial company controlled by the Haft family of Washington, reported that its earnings for the second quarter plunged 72.5 percent from the same period a year ago.The plunge was not attributable to problems in the two companies Dart controls, Crown Books and Trak Auto. Trak Auto posted a healthy earnings gain, while the decline at Crown was too small to have had such a dramatic effect on Dart's earnings.Besides its 53 percent share of Crown Books and 68 percent share of Trak Auto, Dart owns 50 percent of Shoppers Food Warehouse, a fast-growing grocery chain in the Washington area, and 100 percent of Dart Group Financial and Cabot-Morgan Real Estate Co. Dart, Crown and Trak Auto are all based in Landover.
BUSINESS
By Michael Pollick | October 1, 1991
It has long been a business truism that many of the best deals are agreed to on the golf course.For Jimmy and Stuart Rosenfield, golf is often found at the beginning, middle and end of the deal.The two brothers started their Owings Mills-based company, Lightning Golf & Promotions, with the idea of running golf tournaments for businesses or trade associations.They still do that, but it has led to a much larger business opportunity: filling the endless need of corporations for promotional merchandise -- shirts, pens, key rings, umbrellas and plaques.
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