THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 12 - Statement Regarding
     Computation of Ratios of Earnings to
     Fixed Charges

(in thousands, except ratios)

Fiscal year	January 31, 2004			February 1, 2003			February 2, 2002			February 3, 2001			January 29, 2000
Interest	$	38,255		$	47,237		$	53,709		$	59,718		$	51,557
Interest factor in rental expense		21,269			20,427			21,066			23,162			19,807
Capitalized interest		—			44			1			489			1,098
(a) Fixed charges, as defined	$	59,524		$	67,708		$	74,776		$	82,999		$	72,462
(Loss) Earnings from continuing operations before income taxes and cumulative effect of change in accounting principle	$	(23,961)		$	61,663		$	46,734		$	(83,456)		$	32,417
Fixed charges		59,524			67,708			74,776			82,999			72,462
Capitalized interest		—			(44	)		(1	)		(489	)		(1,098	)
(b) Earnings, as defined	$	35,563		$	129,327		$	121,509		$	(946	)	$	103,781
(c) Ratio of earnings to fixed charges (b÷a)		0.0	x		1.9	x		1.6	x		0.0	x		1.4	x

The ratio of earnings to fixed charges is completed by dividing earnings by fixed charges. “Earnings” consist of earnings before income taxes plus fixed charges (exclusive of capitalized interest costs) plus one-third of rental expense (which amount is considered representative of the interest factor in rental expense). Earnings, as defined, were not sufficient to cover fixed charges by approximately $24.4 and $83.9 million for fiscal years ended January 31, 2004 and February 3, 2001, respectively.