Kumho sets deal to supply tyres to Midas in USA
Midas stores across the US will soon have access to Kumho brand tyres thanks to a new deal between the service retailer and Kumho Tire USA, reports Tire Review. The new “partnership program” reportedly gives rebates to Midas stores purchasing Kumho tyres, and tyre distributors will get a 1 per cent credit for administering the program.
For their part, Midas locations much purchase at least 100 Kumho-brand tyres for their designated distributor during a calendar year in order to get a 3 per cent rebate from Kumho. Distributors will get another 1 per cent credit for Kumho tyres sold by each Midas shop it enrolls that meets the 100-tyre minimum and becomes eligible for the Kumho rebate.
Midas has a tyre supply deal with Bridgestone Americas. The retailer has 1,600 stores in the US and Canada, though this program reportedly only applies to US locations.