8-K

                           UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C. 20549
                  ----------------------------------

                              FORM 8-K
                           Current Report


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                      Date of Report: March 26, 2003
              Date of Earliest Event Reported: March 25, 2003


                     The Pep Boys - Manny, Moe & Jack
         ------------------------------------------------------
         (Exact name of registrant as specified in its charter)

            Pennsylvania               1-3381               23-0962915
   -------------------------------   -----------   ---------------------------
   (State or other jurisdiction of   (Commission   (I.R.S. Employer ID number)
    incorporation or organization)    File No.)


      3111 W. Allegheny Ave. Philadelphia, PA           19132
      ----------------------------------------        ----------
      (Address of principal executive offices)        (Zip code)

                                 215-430-9000
            ----------------------------------------------------
            (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed from last report)



Item 5.   Other Events


On March 26, 2003, the Company announced that its Board of Directors has
authorized a share repurchase program for the purchase of up to $25 million
of its outstanding common stock.  Share repurchases may be made from time
to time in the open market or in privately negotiated transactions.

A copy of the Company's press release announcing the share repurchase program
is attached to this Current Report as Exhibit 99 and incorporated herein by
reference.


Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits. The following exhibits are filed with this report.

Exhibit No. 99.1                Press Release







                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                           THE PEP BOYS - MANNY, MOE & JACK


                           By: /s/ George Babich, Jr.
                               --------------------------------------
                               George Babich, Jr.
                               President
                               and Chief Financial Officer


Date:  March 26, 2003

EX-99

Exhibit 99.1

March 25, 2003



Pep Boys Announces Share Repurchase Program
Declares Quarterly Dividend


The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's leading
full-service automotive aftermarket chain, announced that its Board of
Directors has authorized a share repurchase program for the purchase of
up to $25 million of its outstanding common stock.  Share repurchases may
be made from time to time in the open market or in privately negotiated
transactions.

Pep Boys also announced that its Board of Directors approved the payment of
the next quarterly dividend of $.0675 per share on April 28, 2003, to
holders of record on April 14, 2003. The annual dividend of $.27 per share
currently yields 3.5%. Pep Boys has paid a quarterly cash dividend on an
uninterrupted basis since 1950.


Pep Boys has 629 stores and over 6,500 service bays in 36 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 pepboys.com.

###



Notes: Certain statements made herein, including those discussing management's
expectations for future periods, are forward-looking and involve risks and
uncertainties. 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 and retail and commercial consumers' ability to spend, the vibrancy
of the various sectors of the market that the Company serves, the weather in
geographical regions with a high concentration of the Company's stores,
competitive pricing, location and number of competitors' stores and product and
labor costs. Further factors that might cause such a difference include, but
are not limited to, the factors described in the Company's filings with the
Securities and Exchange Commission.


Contact: George Babich, President  & CFO
3111 West Allegheny Avenue, Philadelphia, PA  19132
Phone:  215-430-9720    Fax:  215-430-4661
E-mail address: investorrelations@pepboys.com