Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Canadian Tire
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Operations== At the end of 2018, Canadian Tire employed 12,735 full-time and 17,951 part-time employees in the corporate structure.<ref>{{cite web | url=https://s22.q4cdn.com/405442328/files/doc_financials/en/2018/q4/7-AIF-EN.PDF | title=Canadian Tire Corporation 2018 Annual Information | access-date=August 18, 2019 | page=19 | archive-date=November 9, 2023 | archive-url=https://web.archive.org/web/20231109190559/https://s22.q4cdn.com/405442328/files/doc_financials/en/2018/q4/7-AIF-EN.PDF | url-status=live }}</ref> These figures do not include temporary employees or employees working for Associate Stores, petroleum stores or franchise stores. There is an in-house '''Triangle Learning Academy''', an allusion to the triangular CTC logo for employee and Associate Store management training. ===Financial services=== [[Canadian Tire Financial Services|Canadian Tire Bank]] (CTB) is the company's retail deposit-taking and credit card issuing arm. They are held indirectly under the ''Canadian Tire Services, Limited'', holding company, '''Canadian Tire Bank''' (CTB), a bank under Canada's ''Bank Act'' since 2003. Before 2003, all financing occurred under the ''Canadian Tire Financial Services''. In 2014, [[Scotiabank|The Bank of Nova Scotia]] acquired a 20% economic and voting interest in Canadian Tire Bank, with an option to acquire up to an additional 30% of the company within ten years (or require Canadian Tire buy back its existing 20% interest) at the then fair market value of the business for $500 million CAD in cash.<ref>{{cite web |title=Canadian Tire Corporation and Scotiabank enter a strategic business partnership that includes Scotiabank acquiring 20% of Canadian Tire's Financial Services Business |url=https://corp.canadiantire.ca/English/media/news-releases/press-release-details/2014/Canadian-Tire-Corporation-and-Scotiabank-enter-strategic-business-partnership-that-includes-Scotiabank-acquiring-20-of-Canadian-Tires-Financial-Services-Business/default.aspx |website=Canadian Tire Corporation, Limited |access-date=August 25, 2019 |archive-date=August 25, 2019 |archive-url=https://web.archive.org/web/20190825171101/https://corp.canadiantire.ca/English/media/news-releases/press-release-details/2014/Canadian-Tire-Corporation-and-Scotiabank-enter-strategic-business-partnership-that-includes-Scotiabank-acquiring-20-of-Canadian-Tires-Financial-Services-Business/default.aspx |url-status=live }}</ref> Ostensibly in tandem with [[Scotiabank]]'s acquisition of a minority position in [[Canadian Tire Financial Services|Canadian Tire Bank]], Canadian Tire renamed its intermediary holding company ''Canadian Tire Financial Services Limited'' as [[Canadian Tire Financial Services|Canadian Tire Services, Limited]], effective January 1, 2015, dropping the moniker ''Canadian Tire Financial Services'' from use.<ref name="2015 Annual Information Form from Canadian Tire Corporation, Limited"/><ref name="2014 Annual Information Form from Canadian Tire Corporation, Limited"/> Additionally, in approximately 2018, Canadian Tire rebranded its credit card-issuing online banking website as ''Canadian Tire Bank'', removing the last vestige of ''Canadian Tire Financial Services'' from active use. ===Petroleum=== [[File:CanadianTireGasRichmondHill.jpg|thumb|A Canadian Tire Gas+ station at [[Richmond Hill, Ontario]]]] Canadian Tire Petroleum (CTP), operating as Canadian Tire Gas+, is the division of Canadian Tire which operates gas stations and car washes.<ref name="auto"/> CTP was founded in 1958 as a means of increasing customer traffic to Canadian Tire stores.<ref name="csn-2003oct05">{{cite news |url=http://www.csnews.com/canadian-tire-petroleum-celebrates-45-years?nopaging=1 |title=Canadian Tire Petroleum Celebrates 45 Years |website=Convenience Store News |date=October 5, 2003 |author=<!--Staff writer(s); no by-line.--> |access-date=August 5, 2017 |archive-date=August 6, 2017 |archive-url=https://web.archive.org/web/20170806024237/http://www.csnews.com/canadian-tire-petroleum-celebrates-45-years?nopaging=1 |url-status=live }}</ref> In Ontario, CTP also operates Pit Stop, which provides services like oil changes and rust checks. The [[Canadian Tire money]] loyalty program was originally launched through the gas bars as "Gas Bonus Coupons." CTP has opened three Q Stop stores featuring a mini-grocery store and other items. {{Citation needed|date=August 2019}} CTP also holds the concession to operate the 24-hour gas stations at [[ONroute]] [[rest area|service centres]] in [[Ontario]] along [[Ontario Highway 401|Highway 401]] and parts of [[Ontario Highway 400|Highway 400]].<ref>{{cite web|date=August 18, 2019|title=Fuel|url=http://onroute.ca/fuel/|url-status=dead|archive-url=https://web.archive.org/web/20160905231312/http://onroute.ca/fuel/|archive-date=September 5, 2016|website=ONroute}}</ref> In May 2023, Canadian Tire announced an agreement with [[Suncor Energy]], under which all Canadian Tire Gas+ locations will be converted to [[Petro-Canada]] franchises, and the company's Petro-Points rewards program will be integrated with Canadian Tire's Triangle program.<ref>{{Cite web |last=Lindenberg |first=Greg on |title=Canadian Tire to Convert More Than 200 Stations to the Petro-Canada Brand |url=https://cspdailynews.com/company-news/canadian-tire-convert-more-200-stations-petro-canada-brand |access-date=2024-02-01 |website=CSP Daily News |language=en}}</ref> The first converted location opened in July 2024 in [[Kitchener, Ontario]].<ref>{{Cite web |date=2024-08-14 |title=Canadian Tire Gas+ unveils first Petro-Canada site rebrand |url=https://ccentral.ca/canadian-tire-gas-unveils-first-petro-canada-site-rebrand |access-date=2024-09-19 |website=CCentral |language=en}}</ref> ===Retail=== [[Moody's Investors Service|Moody's]] observed Canadian Tire's unique position in Canadian retail as being "often both misunderstood and underestimated" and "completely foreign" in comparison to U.S. retail, citing its variety of products (ranging from auto parts to sporting goods to outdoors products and grocery at some locations) and that "its proprietary 'currency,' Canadian Tire money, which is a by-product of its loyalty program, has been accepted across Canada by multiple retailers and could almost be described as a '[[Fiat money|sub-fiat]]' currency."<ref>{{cite news |last=Babad |first=Michael |title=Triple-eh: Moody's lauds Canadian Tire money as almost 'sub-fiat' |url=https://www.theglobeandmail.com/report-on-business/top-business-stories/triple-eh-moodys-lauds-canadian-tire-money-as-almost-sub-fiat/article18610798/#dashboard/follows/ |access-date=May 12, 2014 |newspaper=[[The Globe and Mail]] |location=Toronto |date=May 12, 2014 |archive-date=May 12, 2014 |archive-url=https://web.archive.org/web/20140512194043/http://www.theglobeandmail.com/report-on-business/top-business-stories/triple-eh-moodys-lauds-canadian-tire-money-as-almost-sub-fiat/article18610798/#dashboard/follows/ |url-status=live }}</ref> In November 2000, Canadian Tire introduced an online retail operation. On January 1, 2009, citing consumer disinterest in online shopping compared to its physical stores, the Company discontinued online sales.<ref>{{cite news |author=<!--Staff writer(s); no by-line.--> |date=January 20, 2009 |title=Canadian Tire to cease online sales |url=http://www.upi.com/Business_News/2009/01/20/Canadian_Tire_to_cease_online_sales/UPI-26531232457534/ |url-status=live |archive-url=https://web.archive.org/web/20121022064707/http://www.upi.com/Business_News/2009/01/20/Canadian_Tire_to_cease_online_sales/UPI-26531232457534/ |archive-date=October 22, 2012 |access-date=December 15, 2012 |work=United Press International}}</ref> On November 1, 2013, Canadian Tire returned to online shopping with delivery to stores.<ref>{{cite news |last=Nguyen |first=Linda |date=November 7, 2013 |title=Canadian Tire makes move into e-commerce |url=https://www.thestar.com/business/2013/11/07/canadian_tire_profits_jump_10_per_cent_in_third.html/ |url-status=live |archive-url=https://web.archive.org/web/20131214054129/http://www.thestar.com/business/2013/11/07/canadian_tire_profits_jump_10_per_cent_in_third.html |archive-date=December 14, 2013 |access-date=April 3, 2014 |newspaper=[[Toronto Star]]}}</ref> {{multiple image|total_width=330|align=left|title=Canadian Tire retail stores|image1=CanadianTireRichmondHill.jpg|caption1=Exterior facade of a Canadian Tire store in [[Richmond Hill, Ontario]]|image2=Canadian Tire in Shoppers World Brampton 2021.jpg|caption2=Interior of a Canadian Tire Store in [[Brampton]]}} In 2009, Canadian Tire introduced a new "Smart store" concept featuring "boutiques" that prominently showcased products within the chain's core product categories. Popular product categories such as auto parts and home goods were moved towards the front of the store to improve their prominence, and some locations began to sell common groceries as a pilot project.<ref name="gandm-smart">{{Cite news|url=https://www.theglobeandmail.com/report-on-business/its-superstores-stalling-canadian-tire-gets-smart/article4193609/|title=Its superstores stalling, Canadian Tire gets 'smart'|work=The Globe and Mail|access-date=14 November 2018|archive-date=May 18, 2021|archive-url=https://web.archive.org/web/20210518023748/https://www.theglobeandmail.com/report-on-business/its-superstores-stalling-canadian-tire-gets-smart/article4193609/|url-status=live}}</ref> With the demise of [[Target Corporation|Target's]] [[Target Canada|businesses in Canada]] in 2015, Canadian Tire acquired the leases of 12 former Target store locations.<ref>{{cite news |author=<!--Staff writer(s); no by-line.--> |date=May 6, 2015 |title=Canadian Tire to acquire 12 former Target locations |url=http://www.cbc.ca/news/business/canadian-tire-to-acquire-12-former-target-locations-1.3063272 |url-status=live |archive-url=https://web.archive.org/web/20150508042115/http://www.cbc.ca/news/business/canadian-tire-to-acquire-12-former-target-locations-1.3063272 |archive-date=May 8, 2015 |access-date=May 7, 2015 |publisher=[[CBC News]]}}</ref> In June 2015, Canadian Tire opened its largest location to-date at [[South Edmonton Common]], which features {{Convert|130,000|sqft|m2|abbr=on}} of retail space on two floors, widened and expanded departments, various interactive experiences (including a driving simulator and [[virtual reality]]), as well as a rotating exhibit of [[Hockey Canada]] memorabilia.<ref>{{Cite news|url=https://edmontonjournal.com/business/commercial-real-estate/countrys-largest-canadian-tire-opens-in-south-edmonton-common|title=Country's largest Canadian Tire opens in South Edmonton Common|date=June 4, 2015|work=Edmonton Journal|access-date=14 November 2018|archive-date=November 15, 2018|archive-url=https://web.archive.org/web/20181115071212/https://edmontonjournal.com/business/commercial-real-estate/countrys-largest-canadian-tire-opens-in-south-edmonton-common|url-status=live}}</ref> In September 2022, Canadian Tire opened a {{Convert|135,000|sqft|m2|abbr=on}} flagship location at [[Carlingwood Mall]] in Ottawa to mark the company's centennial; it introduces a large-scale concept called "Remarkable Retail," which carries a modernized design and focuses on enhancing its auto centres, seasonal departments, and delivery and pickup services. The concept was also used for a new location in [[Welland, Ontario]] and will be used for a future Calgary location.<ref>{{Cite news |date=2022-09-22 |title=Canada's largest Canadian Tire store opens in Ottawa |url=https://ottawa.ctvnews.ca/canada-s-largest-canadian-tire-store-opens-in-ottawa-1.6079628 |url-status=live |archive-url=https://web.archive.org/web/20221024013909/https://ottawa.ctvnews.ca/canada-s-largest-canadian-tire-store-opens-in-ottawa-1.6079628 |archive-date=October 24, 2022 |access-date=2022-11-05 |work=CTV News Ottawa}}</ref><ref>{{Cite web |last=Toneguzzi |first=Mario |date=2022-10-30 |title=Canadian Tire Expanding Large Format 'Remarkable Retail' Store Concept as it Marks 100 Years [Interview] |url=https://retail-insider.com/retail-insider/2022/10/canadian-tire-expanding-large-format-remarkable-retail-store-concept-as-it-marks-100-years-interview/ |access-date=2024-02-17 |website=Retail Insider |language=en-US}}</ref> That year, the company also committed $1.2 billion to renovate 225 stores with its "Concept Connect" format.<ref>{{Cite news |date=2022-12-12 |title=Canadian Tire Corporation's CEO is looking forward to the next hundred years |url=https://www.theglobeandmail.com/business/adv/article-canadian-tire-corporations-ceo-is-looking-forward-to-the-next-hundred/ |access-date=2024-02-17 |work=The Globe and Mail |language=en-CA}}</ref><ref>{{Cite web |last=Kolm |first=Josh |date=2022-03-11 |title=Canadian Tire unveils multi-billion omnichannel investment plan |url=https://strategyonline.ca/2022/03/11/canadian-tire-unviels-multi-billion-omnichannel-investment-plan/ |access-date=2024-02-17 |website=Strategy}}</ref> The following month, Canadian Tire also opened its largest location to-date in [[Chilliwack|Chilliwack, British Columbia]] at the Cottonwood Centre; occupying a former [[Sears Canada|Sears]], it has {{Convert|170,000|sqft|m2|abbr=on}} of retail space.<ref>{{Cite web |date=2022-10-20 |title=VIDEO: Largest Canadian Tire store in B.C. attracts crowd of curious in Chilliwack |url=https://www.theprogress.com/news/video-largest-canadian-tire-store-in-b-c-attracts-crowd-of-curious-in-chilliwack-1934184 |access-date=2024-09-19 |website=The Chilliwack Progress |language=en}}</ref> ====Automotive parts==== [[File:Canadian Tire vehicle cleaning service in Shoppers World Brampton 2021.jpg|thumb|The Canadian Tire automotive service garage at [[Shoppers World Brampton]]]] In addition to the Canadian Tire stores' Parts department, CTC owns [[PartSource]], an automotive parts and accessories specialty chain which has 91 stores across [[Nova Scotia]], Ontario, [[Manitoba]], Saskatchewan, and [[Alberta]]. It serves commercial automotive installers and do-it-yourself mechanics. Before November 2013, some stores were owned and operated by franchisees; all currently belong to Canadian Tire.<ref>{{cite web | url=https://s22.q4cdn.com/405442328/files/doc_financials/en/2013/annual/2013-Annual-Report.pdf | access-date=August 18, 2019 | title=Canadian Tire Corporation Annual Report 2013 | page=25 | quote=In addition, during 2013, Management converted all of its Partsource franchise locations to corporately operated stores. | archive-date=August 18, 2019 | archive-url=https://web.archive.org/web/20190818185845/https://s22.q4cdn.com/405442328/files/doc_financials/en/2013/annual/2013-Annual-Report.pdf | url-status=live }}</ref> ====Clothing==== In 2001, Canadian Tire acquired Mark's Work Wearhouse (now branded as [[Mark's]]), a retailer of business casual and work wear, for $116 million.<ref name="CBC"/> Along with standalone stores, some Canadian Tire locations feature integrated Mark's locations. Due to space constraints, some smaller Canadian Tire locations removed their Mark's department when remodelled into the "Smart store" format .<ref name="gandm-smart"/> In May 2018, the [[Ontario Teachers' Pension Plan]] sold the Norwegian sportswear retailer [[Helly Hansen]] to Canadian Tire for $985 million.<ref name="The Globe and Mail"/> ====Sporting goods==== In May 2011, Canadian Tire announced the purchase of [[Forzani Group]], a Canadian sporting goods retailer that operates various brands, including [[SportChek]], Atmosphere, Intersport, Hockey Experts, National Sports, Nevada Bob's Golf, S3, Sport Mart, Sports Experts, Tech Shop, Pro Hockey Life, and The Fitness Source.<ref>{{cite news |url=https://www.cbc.ca/news/business/canadian-tire-to-buy-forzani-group-1.1014616 |title=Canadian Tire to buy Forzani Group |date=May 9, 2011 |publisher=[[CBC News]] |author=<!--Staff writer(s); no by-line.--> |access-date=May 9, 2011 |archive-date=May 12, 2011 |archive-url=https://web.archive.org/web/20110512010028/http://www.cbc.ca/news/business/story/2011/05/09/canadian-tire-forzani-group.html |url-status=live }}</ref> In February 2021, Canadian Tire announced the closure of all National Sports stores, citing a focus on efficiencies and core assets.<ref>{{cite news |url=https://toronto.ctvnews.ca/national-sports-stores-all-closing-despite-parent-company-canadian-tire-posting-phenomenal-q4-earnings-1.5314258 |title=National Sports stores all closing despite parent-company Canadian Tire posting 'phenomenal' Q4 earnings |date=February 18, 2021 |publisher=[[CTV News]] |author=<!--Staff writer(s); no by-line.--> |access-date=February 26, 2021 |archive-date=February 25, 2021 |archive-url=https://web.archive.org/web/20210225160945/https://toronto.ctvnews.ca/national-sports-stores-all-closing-despite-parent-company-canadian-tire-posting-phenomenal-q4-earnings-1.5314258 |url-status=live }}</ref> ====Party City==== In October 2019, Canadian Tire closed its acquisition of Party City's Canadian business. As part of the deal, CTC signed a 10-year supply agreement with Party City's parent company Amscan.<ref>{{cite news |url=https://www.globenewswire.com/news-release/2019/10/01/1923645/0/en/Party-City-Completes-Sale-of-Canadian-Retail-Business-to-Canadian-Tire.html |title=Party City Completes Sale of Canadian Retail Business to Canadian Tire |date=Oct 1, 2019 |access-date=January 27, 2021 |archive-date=October 21, 2020 |archive-url=https://web.archive.org/web/20201021154506/http://www.globenewswire.com/news-release/2019/10/01/1923645/0/en/Party-City-Completes-Sale-of-Canadian-Retail-Business-to-Canadian-Tire.html |url-status=live }}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Canadian Tire
(section)
Add topic