AutoCanada Inc. (T:ACQ)

EDMONTON, AB, Aug. 13, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada or the "Company") (TSX: ACQ) announced that it identified a cybersecurity incident on August 11, 2024 that has impacted its internal IT systems.

Aug 13, 2024 04:05 pm ET

AUTOCANADA ANNOUNCES SECOND QUARTER RESULTS

Jul 30, 2024 06:00 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q2 2024 FINANCIAL RESULTS

Jul 02, 2024 06:01 am ET

AUTOCANADA ANNOUNCES CREDIT FACILITY AMENDMENT

EDMONTON, AB, July 2, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to increase to the Company's maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00 for the period from June 28, 2024 to September 29, 2024. After September 29, 2024, the Company's maximum permitted Total Net Funded Debt to EBITDA Ratio will revert to 4.00:1.00.

Jun 25, 2024 09:57 am ET

AUTOCANADA ACQUIRES NURSE CHEVROLET CADILLAC DEALERSHIP AND COLLISION CENTRE IN WHITBY, ONTARIO

Jun 24, 2024 09:58 pm ET

AUTOCANADA PROVIDES UPDATE ON CDK CYBER SECURITY INCIDENT

Jun 04, 2024 06:00 am ET

AUTOCANADA ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

EDMONTON, AB, June 4, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that Azim Lalani has resigned from his position as Chief Financial Officer for personal reasons effective June 30, 2024, and will be relocating back to Vancouver. Azim will continue to be available to the Company for six months after the effective date to assist with the transition. Samuel Cochrane will be appointed as the new Chief Financial Officer effective on June 30, 2024.

May 02, 2024 08:00 pm ET

AUTOCANADA ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS

EDMONTON, AB, May 2, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that all resolutions were passed at its Annual General Meeting (the "Meeting") held on May 2, 2024. A total of 14,207,935 common shares (representing 60.17 % of the issued and outstanding common shares of the Company) were represented virtually or by proxy at the Meeting. Each of the following nominees listed in the management information circular dated March 18, 2024 were duly elected as directors of the Company for the ensuing

May 02, 2024 06:00 am ET

AUTOCANADA ANNOUNCES FIRST QUARTER RESULTS

Revenue was $1,420.9 million as compared to $1,539.3 million in the prior year, a decrease of (7.7)%Net (loss) income for the period was $(2.4) million as compared to $8.4 million in the prior year, a decrease of (128.2)%Diluted earnings (loss) per share was $(0.10) as compared to $0.32 in the prior yearAdjusted EBITDA1 was $22.0 million versus $45.0 million in the prior year, a decrease of $(23.0) millionEDMONTON, AB, May 1, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, today reported its financial resul

Apr 23, 2024 06:00 am ET

AUTOCANADA ANNOUNCES AMENDMENTS TO ITS CREDIT FACILITY INCLUDING EXTENDING THE MATURITY DATE AND UPSIZING THE FACILITY TO $1.635 BILLION

EDMONTON, AB, April 23, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has amended its existing credit facility.

Apr 04, 2024 06:01 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q1 2024 FINANCIAL RESULTS AND 2024 ANNUAL MEETING OF SHAREHOLDERS

EDMONTON, AB, April 4, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended March 31, 2024 on Thursday, May 2, 2024 before markets open. The Company will hold a conference call and webcast to discuss the results on Thursday, May 2, 2024 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Mar 26, 2024 08:00 pm ET

AUTOCANADA ENTERS INTO AUTOMATIC SHARE PURCHASE PLAN

EDMONTON, AB, March 26, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that in connection with its previously announced normal course issuer bid ("NCIB") to purchase up to 1,329,106 common shares, AutoCanada has entered into an automatic share purchase plan ("ASPP") with its designated broker. The ASPP has been pre-cleared by the TSX and will terminate on March 10, 2025, unless earlier terminated in accordance with its terms.

Mar 26, 2024 06:01 am ET

AUTOCANADA ANNOUNCES NOMINATION OF STEVE CARLISLE AND CHRISTOPHER HARRIS TO BOARD OF DIRECTORS

EDMONTON, AB, March 26, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that Steve Carlisle and Christopher Harris have been nominated for election to its Board of Directors at the Company's 2024 Annual Meeting of Shareholders to be held on May 2, 2024.

Mar 07, 2024 05:00 am ET

AUTOCANADA ANNOUNCES FOURTH QUARTER RESULTS

Revenue was $1,483.8 million as compared to $1,388.2 million in the prior year, an increase of 6.9%Net (loss) income for the period was $(22.6) million versus $14.8 million in the prior year, a decrease of (252.8)%Diluted earnings per share was $(0.81), a decrease of $(1.33) from $0.52 in the prior yearConsolidated ownership of the Used Digital Division, recognizing $36.7 million of share-based compensation expense and $1.8 million of related transaction costs in operating expenses, resulting in a $1.50 reduction to diluted earnings per shareAdjusted EBITDA1 was $46.4 million versus $51.0 mi

Jan 29, 2024 05:01 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR FOURTH QUARTER 2023 FINANCIAL RESULTS

EDMONTON, AB, Jan. 29, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter and year ended December 31, 2023 on Thursday, March 7, 2024 before the markets open. The Company will hold a conference call and webcast to discuss the results on Thursday, March 7, 2024 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Dec 27, 2023 07:58 am ET

Canadian Investment Regulatory Organization Trade Resumption - ACQ

TORONTO, Dec. 27, 2023 /CNW/ - Trading resumes in:

Dec 27, 2023 07:51 am ET

Canadian Investment Regulatory Organization Trading Halt - ACQ

TORONTO, Dec. 27, 2023 /CNW/ - The following issues have been halted by CIRO:

Dec 27, 2023 07:48 am ET

AUTOCANADA RECEIVES $25 MILLION INVESTMENT INTO ONLINE C2C F&I BUSINESS AND CONSOLIDATES OWNERSHIP OF ITS USED DIGITAL DIVISION

EDMONTON, AB, Dec. 27, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced the investment by iA Financial Group ("iA") of $25 million for a 10% equity interest in AutoCanada's business unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji's online marketplaces (the "Online C2C F&I Business"). AutoCanada has also announced the purchase of the minority 19.1% interest (the "UDLP Minority Interest") in its Used Digital Division that is owned b

Nov 16, 2023 05:00 am ET

AUTOCANADA ANNOUNCES AWARD OF PORSCHE CLASSIC & SERVICE CENTRE WINDSOR

EDMONTON, AB, Nov. 16, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it has received approval to open a Porsche Classic & Service Centre in Windsor, Ontario.

Nov 09, 2023 05:00 am ET

AUTOCANADA ANNOUNCES THIRD QUARTER RESULTS

Revenue was $1,657.4 million as compared to $1,623.9 million in the prior year, an increase of 2.1%Net income for the period was $22.8 million versus $32.9 million in the prior year, a decrease of (30.6)%Diluted earnings per share was $0.81, a decrease of $(0.35) from $1.16 in the prior yearAdjusted EBITDA1 was $66.7 million versus $76.4 million in the prior year, a decrease of $(9.7) millionEDMONTON, AB, Nov. 9, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, today reported its financial results for the th

Oct 12, 2023 06:01 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q3 2023 FINANCIAL RESULTS

EDMONTON, AB, Oct. 12, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended September 30, 2023 on Thursday, November 9, 2023 before the markets open. The Company will hold a conference call and webcast to discuss the results on Thursday, November 9, 2023 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Sep 25, 2023 06:01 am ET

AUTOCANADA ANNOUNCES PROMOTIONS AND EXPANDS LEADERSHIP TEAM

EDMONTON, AB, Sept. 22, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced key promotions and additions to its leadership team.

Sep 08, 2023 06:30 pm ET

AutoCanada, Patrick Priestner and CanadaOne Auto Group Settle Outstanding Litigation

EDMONTON, AB, Sept. 8, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, and CanadaOne Auto Group ("CanadaOne Auto"), a multi-location automobile dealership group operating dealerships across Canada, announced today that they have agreed to resolve the legal proceedings between AutoCanada, Patrick Priestner and CanadaOne Auto that were commenced in 2019. Mr. Priestner was previously the Chief Executive Officer and Chairman of AutoCanada.

Aug 10, 2023 06:00 am ET

AUTOCANADA ANNOUNCES SECOND QUARTER RESULTS

Revenue was $1,756.3 million as compared to $1,686.0 million in the prior year, an increase of 4.2%Total retail vehicles1 sold of 28,479 units, an increase of 861 units or 3.1%Used to new retail units ratio1 was 1.53 compared to 1.80Gross profit was $318.7 million as compared to $279.3 in the prior year, an increase of 14.1%Operating expenses before depreciation as a percentage of gross profit1 decreased to 67.4% from 71.7%Net income for the period was $45.2 million versus $39.1 million in the prior yearAdjusted EBITDA2 was $94.1 million versus $75.6 million in the prior year, an increase of

Jul 17, 2023 07:58 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q2 2023 FINANCIAL RESULTS

EDMONTON, AB, July 17, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended June 30, 2023 on Thursday, August 10, 2023 before the markets open. The Company will hold a conference call and webcast to discuss the results on Thursday, August 10, 2023 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

May 05, 2023 09:18 am ET

AUTOCANADA ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS

EDMONTON, AB, May 5, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that all resolutions were passed at its Annual and Special Meeting (the "Meeting") held on May 4, 2023. A total of 15,786,187 common shares (representing 67.03% of the issued and outstanding common shares of the Company) were represented virtually or by proxy at the Meeting. Each of the following nominees listed in the management information circular dated March 20, 2023 were duly elected as directors of the Company for the ensui

May 03, 2023 07:51 pm ET

AUTOCANADA ANNOUNCES FIRST QUARTER RESULTS

Revenue was $1,539.3 million as compared to $1,342.4 million in the prior year, an increase of 14.7%Total vehicles1 sold of 24,796 units, an increase of 1,382 units or 5.9%Used to new retail units ratio1 increased to 1.74 from 1.55Finance, insurance and other gross profit was $83.3 million, an increase of $4.6 million or 5.8%Parts, service and collision repair gross profit was $93.9 million, an increase of $15.4 million or 19.7%Net income for the period was $8.4 million versus $4.3 million in the prior yearAdjusted EBITDA2 was $45.0 million versus $62.2 million in the prior year, a decrease

Apr 19, 2023 07:36 am ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q1 2023 FINANCIAL RESULTS AND 2023 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

EDMONTON, AB, April 19, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended March 31, 2023 on Wednesday, May 3, 2023 after the close of markets. The Company will hold a conference call and webcast to discuss the results on Thursday, May 4, 2023 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Apr 18, 2023 07:34 am ET

AUTOCANADA ACQUIRES PREMIER CHEVROLET CADILLAC BUICK GMC DEALERSHIP AND COLLISION CENTRE IN WINDSOR, ONTARIO

EDMONTON, AB, April 18, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired Premier Chevrolet Cadillac Buick GMC ("Premier"), a new and used vehicle Chevrolet Cadillac GMC Buick dealership and collision centre, located in Windsor, Ontario.

Mar 31, 2023 11:51 am ET

AUTOCANADA AND KIJIJI EXPAND RELATIONSHIP

EDMONTON, AB and TORONTO, March 31, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, and Kijiji, the most visited automotive marketplace in Canada, announced today that they have agreed to strengthen and expand their existing strategic relationship. This includes a continuation of Kijiji's role as AutoCanada's preferred online marketplace partner in Canada, as well as the integration of consumer solutions developed by AutoCanada Used Digital on Kijiji.

Mar 01, 2023 10:43 pm ET

AUTOCANADA REPORTS FOURTH QUARTER 2022 RESULTS

Revenue was $1,388.2 million as compared to $1,195.8 million in the prior year, an increase of 16.1%Net income for the period was $14.8 million versus $69.4 million in the prior yearAdjusted EBITDA1 was $50.7 million versus $65.9 million in the prior year, a decrease of $(15.2) millionCurrent year results include an incremental used vehicle writedown provision of $(12.4) million and an increase in floorplan financing costs of $(13.3) millionAdjusted EBITDA margin1 was 3.6% versus 5.5% in the prior year, a decrease of (1.9) percentage pointsDiluted earnings per share was $0.52, a decrease of

Feb 27, 2023 04:41 pm ET

AUTOCANADA ACQUIRES DCCHAIL, A LEADING HAIL DAMAGE REPAIR COMPANY

EDMONTON, AB, Feb. 27, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired DCCHail, a paintless dent repair ("PDR") company specializing in the insurance claim management process and repairing hail damaged vehicles, with a national presence, including Canada's largest hail repair facility in Calgary, Alberta.

Feb 21, 2023 06:31 am ET

AUTO CANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR FY2022 FINANCIAL RESULTS

EDMONTON, AB, Feb. 21, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the year ended December 31, 2022 on Wednesday, March 1, 2023 after the close of markets. The Company will hold a conference call and webcast to discuss the results Thursday, March 2, 2023 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Feb 06, 2023 06:33 am ET

AUTOCANADA ANNOUNCES CREDIT FACILITY EXTENSION AND UPSIZING TO $1.6 BILLION

EDMONTON, AB, Feb. 6, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has amended and extended its existing credit facility to April 15, 2026.

Dec 22, 2022 04:16 pm ET

AUTOCANADA RECEIVES TSX APPROVAL FOR RENEWAL OF NORMAL COURSE ISSUER BID

EDMONTON, AB, Dec. 22, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has received approval from the Toronto Stock Exchange ("TSX") for the renewal of its normal course issuer bid ("NCIB"), Pursuant to the NCIB, AutoCanada may purchase up to 1,350,048 common shares during the 12-month period commencing December 28, 2022 and ending December 27, 2023 or such earlier date as the Company may complete its purchases under the NCIB.

Dec 20, 2022 06:05 pm ET

AUTOCANADA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID

EDMONTON, AB, Dec. 20, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that the Company intends to file with the Toronto Stock Exchange ("TSX") a notice of intention to commence a normal course issuer bid ("NCIB"), as part of its overall capital allocation strategy. The NCIB renews the existing NCIB, which is scheduled to terminate on December 22, 2022.

Dec 20, 2022 05:59 pm ET

AUTOCANADA ANNOUNCES APPOINTMENT OF AZIM LALANI AS ITS NEW CHIEF FINANCIAL OFFICER

EDMONTON, AB, Dec. 20, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that Azim Lalani will be appointed as its new Chief Financial Officer, effective in the first quarter of 2023. He will be based at the Company's Edmonton headquarters.

Dec 19, 2022 08:55 am ET

AutoCanada Announces Results of its Substantial Issuer Bid

EDMONTON, AB, Dec. 19, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ) announced today the results of its substantial issuer bid to purchase up to $50,000,000 in value of its common shares from its shareholders, which expired on December 16, 2022.

Dec 01, 2022 06:34 pm ET

AUTOCANADA FURTHER EXPANDS INTO SOUTHERN ONTARIO WITH ACQUISITION OF STERLING HONDA

EDMONTON, AB, Dec. 1, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired Sterling Honda located in Hamilton, Ontario.

Nov 09, 2022 06:38 pm ET

AUTOCANADA ANNOUNCES INTENTION TO COMMENCE SUBSTANTIAL ISSUER BID

EDMONTON, AB, Nov. 9, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ) announced today its intention to commence a substantial issuer bid to purchase up to $50,000,000 of its common shares from its shareholders for a minimum price of $25.00 per share and a maximum price of $28.00 per share by way of a "modified Dutch auction". The bid would be for approximately 7.87% of the outstanding shares if the purchase price is determined to be $25.00 per share or approximately 7.03% of the outstanding shares if the purchase price is determined to be $28.00 per share.

Nov 09, 2022 06:28 pm ET

AUTOCANADA REPORTS RECORD THIRD QUARTER RESULTS

Revenue was $1,623.9 million as compared to $1,206.8 million in the prior year, an increase of 34.6%Net income for the period was $32.9 million versus net income of $38.8 million in the prior yearAdjusted EBITDA1 was $76.4 million versus $68.3 million in the prior year, an increase of 11.9%Adjusted EBITDA margin1 was 4.7% versus the adjusted EBITDA margin1 of 5.7% in the prior year, a decrease of (1.0) percentage pointsDiluted earnings per share was $1.16, a decrease of $(0.11) from $1.27 in the prior yearIndebtedness of $460.3 million at the end of Q3 2022 compares to $375.0 million at the

Nov 07, 2022 06:15 pm ET

AutoCanada expands presence in the greater toronto area, acquiring Two luxury collision centres in scarborough, ontario

EDMONTON, AB, Nov. 7, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired two luxury collision centre locations – Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, both located in Scarborough, Ontario.

Oct 31, 2022 07:32 am ET

AUTOCANADA ACQUIRES KAVIA AUTO BODY IN SASKATOON, SASKATCHEWAN

EDMONTON, AB, Oct. 31, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired Kavia Auto Body, a collision centre located in Saskatoon, Saskatchewan.

Oct 27, 2022 05:15 pm ET

AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q3 2022 FINANCIAL RESULTS

EDMONTON, AB, Oct. 27, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended September 30, 2022 on Wednesday, November 9, 2022 after the close of markets. The Company will hold a conference call and webcast to discuss the results on Thursday, November 10, 2022 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Oct 04, 2022 05:14 pm ET

AUTOCANADA ACQUIRES NORTH TORONTO AUCTION

EDMONTON, AB, Oct. 4, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it has acquired North Toronto Auction ("NTA"), a fee-based used vehicle auction business, serving dealers and consumers alike, located in Innisfil, Ontario.

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AutoCanada Inc. (T:ACQ)

Business Focus: Auto Vehicles, Parts & Service Retailers (NEC)