Content about Canadian Tire

June 29, 2011

Canadian Tire is making a strong push into major appliances.

The 1,200-store Canadian chain now offers Inglis refrigerators, washers, dryers, dishwashers and cooking ranges, as well as Amana freezers and microwaves at its stores across the country.

The expansion into appliances follows an 11-store test last year. 

May 10, 2011

Canadian Tire Corp. has signed an agreement to purchase The Forzani Group (FGL), Canada’s leading sporting goods retailer with 500 outlets across the country and revenues of $1.4 billion a year. The all-cash deal, in which Canadian Tire will purchase all the outstanding shares of FGL for $26.50 per share, has the support of the FDL board of directors, which is recommending to its shareholders to tender their shares to the offer. It is expected to close in the third quarter of 2011 pending regulatory approval.

February 11, 2011

Canadian Tire reported gross revenues of $2.5 billion for its fourth fiscal quarter of 2010, a 4% rise over the same quarter a year ago. Same-store sales for the quarter dropped 0.4%, however.

Consolidated retail sales for Canadian Tire rose 2.4% in the fourth quarter to $3.1 billion.

For the year, gross revenues rose 3.4% to $9 billion. Consolidated retail sales rose 3.1% to $10.3 billion.

Same-store sales rose 0.8% for the full year.

February 11, 2011

Canadian Tire reported gross revenues of $2.5 billion for its fourth fiscal quarter of 2010, a 4% rise over the same quarter a year ago. Same-store sales for the quarter dropped 0.4%, however.

Consolidated retail sales for Canadian Tire rose 2.4% in the fourth quarter to $3.1 billion.

For the year, gross revenues rose 3.4% to $9 billion. Consolidated retail sales rose 3.1% to $10.3 billion.

Same-store sales rose 0.8% for the full year.

November 9, 2008

Stephen Wetmore has served as an independent member of the board of directors of Canadian...

November 9, 2008

Stephen Wetmore has served as an independent member of the board of directors of Canadian...

October 30, 2008

The Canadian retailer will open two stores in Ontario that sell convenience foods like milk,...

August 21, 2008

The transaction is expected to close in September 2008. The company did not disclose a buyer....

August 21, 2008

The transaction is expected to close in September 2008. The company did not disclose a buyer....

July 21, 2008

Lowe’s has announced three new stores to be opened in Canada in the fourth quarter...

June 19, 2008

Canadian Tire is contracting with Genco Distribution System, a third-party logistics provider with 125 locations...

June 19, 2008

Canadian Tire is contracting with Genco Distribution System, a third-party logistics provider with 125 locations...

March 30, 2008

The Canadian DIY retailer will phase out its paper catalogs, sent to approximately 6 million...

March 18, 2008

Based in Toronto, Canadian Tire operates about 360 Mark’s Work Wearhouse stores currently....

February 7, 2008

Sales were C$2.51 billion, up 3.3 percent from C$2.43 billion in the previous year....

January 13, 2008

Many of the customers who came to Lowe’s grand opening in Brampton, Ontario, didn’t have...

January 13, 2008

Many of the customers who came to Lowe’s grand opening in Brampton, Ontario, didn’t have...

October 8, 2007

The Canadian home improvement market continues to grow steadily – further illustrating its potential, Canadian...

September 4, 2007

The “One-and-Only” combined checking, savings and mortgage account will be offered to homeowners who want...

August 9, 2007

The retailer posted strong earnings of $122.3 million, up 18.4 percent from $103.3 million last year....