Canadian Tire
| Canadian Tire Corporation, Limited
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CA1366812024 |
| founding | 1922 |
| Seat |
Toronto , Canada
|
| management | Stephen G. Wetmore ( CEO ) |
| Number of employees | 85,000 (2013) |
| sales | 14.06 billion CAD (2018) |
| Branch | retail trade |
| Website | www.canadiantire.ca |
Canadian Tire Corporation (CAC) is a Canadian retail company based in Toronto . The company is listed in the S & P / TSX 60 share index.
history
The first Canadian Tire store was opened on September 15, 1922 in Toronto by J. William Billes and Alfred J. Billes. The store was on the corner of Yonge and Isabella Streets. The first store was Hamilton Tire and Garage Ltd. called. The two business partners invested $ 1,800. The first catalog was published in 1928. In 1934, the second branch was opened in Hamilton, Ontario . In 1937 the head office was moved to Yonge Street / Church, where a Canadian tire shop is still located today. In the years that followed, the company's branch network grew continuously to 482 stores.
The company expanded into the United States . In 1980 the company took over the White Auto Store retail chain, which operated primarily in Texas. Canadian Tire invested approximately $ 200 million in the acquisition. In 1991, the company decided to expand in the United States and opened an additional 100 to 120 White Auto Store branches in the midwestern United States. Canadian Tire grew through expansion in 1994. Over the past five years, the company has generated high revenues and given its stock investors a return of 286%.
In 2018, Canadian Tire acquired Norwegian apparel maker Helly Hansen for $ 985 million, according to a release, and took over $ 50 million in debt from the Ontario Teachers' Pension Plan .
Corporate divisions
Canadian Tire Retail
The company operates 491 retail stores in Canada. Since 2003, many shops have been completely renovated and given a modern design. The largest Canadian tire store is in Dartmouth, Nova Scotia. In May 2011 the stores of Forzani Group, which sold sporting goods in its branches, were bought out.
Partsource Automotive stores
Canadian Tire operates approximately 87 auto parts and auto parts accessories stores. The specialty stores are located in Nova Scotia , Ontario , Manitoba , Saskatchewan and Alberta .
Canadian Tire Financial Services
Canadian Tire Financial Services (CTFS) is the company's proprietary financing bank. This enables consumers to be able to offer favorable financing offers for larger purchases. Over the course of the company, the CTFS offered other services such as small loans for consumers, insurance and credit card issuance . In 2008, Canadian Tire Financial Services was voted one of the top 100 employers.
Canadian Tire Petroleum
Canadian Tire Petroleum operates gas stations and car washes in Canada. The first gas station opened in 1958. Canadian Tire Petroleum operates 273 gas stations and car washes in Canada. This makes the company one of the largest petrol station operators in Canada. In Ontario, Canadian Tire Petroleum operates a network of pitstop workshops that offer several minor services such as oil changes and other minor repairs. Canadian Tire was the world's first retail operator to operate its own gas stations located near a mall. This business model has been adopted by many, e.g. B. from Wal-Mart, Home Depot, Real Canadian Superstore / Loblaw's and Safeway.
Mark's Work Wearhouse
Mark's Work Wearhouse is Canada's largest specialty store for business, work and casual wear for men and women. There are a total of 378 specialty stores in Canada.
Web links
Individual evidence
- ↑ Executive Management Canadian Tire, accessed March 9, 2019
- ↑ 2018 Report Canadian Tire, accessed March 9, 2019
- ↑ Annika Müller: Takeover: Helly Hansen is sold . In: Textilwirtschaft , May 15, 2018, accessed on October 29, 2018.