Wednesday, 14 March 2012
Monday, 20 February 2012
Canadian Tire Profits Rise
Canadian Tire Corporation has reported an
increase in its sales and profits on February 9, 2012.
Shares of the company went up post mentioning
that its overall sales increased by 21% to $3.71 billion, which resulted due to
the acquisition of the Forzani sporting goods chain, also known as FGL Sports. Astonishingly,
the actual profits beat analyst’s estimates.
Furthermore, the net income declined to $166.3
million from $169.3 million in the same quarter last year. Similarly, shares
went from $2.07 to $2.03 during this time. Excluding the tax settlement,
earnings per share came in at $1.40.
Despite the warm weather hitting this company’s
business, its sales rose 2.7%.
Canadian Tire forms "quality" partnership with Intertek
To provide a better quality and better customer satisfaction,
Canadian Tire and Intertak have recently signed a new five-year partnership with
an aim to improve Canadian Tire’s quality management strategy.
As Intertek and Canadian Tire have partnered up, Intertek, the
leading provider of quality and safety solutions to a wide range of
industries, will provide Canadian Tire with consulting services for product
development and safety solutions to take quality management at Canadian Tire
to whole new advanced level.
Never heard of Interek? With more than 21,000 employees
located in 110 countries, Interek is known for its excellent abilities to
leverage its market knowledge and expertise in the diverse fields of global
supplier dynamics, costing trends, and production input trends.
With this alliance, Intertek executive vice president Paul Yao
said, “ Intertek is honored to take on the responsibility of supporting
Canadian Tire’s quality management strategy”. Intertak is really confident
that it will support Canadian Tire as it continues to introduce new products
for its customers.
Canadian Tire, in full compliance with all applicable
government regulations, will work with Intertek to ensure all new products
meet Canadian Tire's strict quality and safety criteria, the companies stated
in a news release. The partnership between Intertek and Canadian Tire is a
five-year partnership aimed at significantly enhancing Canadian Tire's
current quality management strategy.
Now, lets hope the results of this alliance will meets its
objective and that we, customers, get to consume Canadian Tire’s new
products, products that strictly meet quality and safety criteria!
|
Friday, 17 February 2012
Would you shop at Canadian Tire? My answer: “YES”!
Canadians know Canadian Tire as a trusted
friend. Little did I realize its importance until a few weeks ago, when I was
in desperate need of exhausts and neon lights for my car. Just imagine, what
store comes to your mind when you need a snow shovel, gym equipment,
flashlights, outdoor décor lights, etc.? I am pretty sure its Canadian Tire! Nine out
of ten Canadian adults shop using the Canadian Tire at least twice a year and
40% of Canadians visit each week. And to top it off, 85% of Canadians live
within a 15-minute drive of their local Canadian Tire store.
What about the financial services offered by Canadian Tire?
Canadian Tire manages over 4 million MasterCard accounts, and markets a range
of insurance and warranty products. At the very moment, Canadian Tire wants to
change how Canadians feel about banking.
Specializing in automotive services,
living, fixing, sports, playing, apparel, and financial services, Canadian Tire
offers the perfect package of shopping for you without hurting your wallet.
For more information as to why you should
shop here, please visit:
Thursday, 16 February 2012
Brief History of Canadian Tire
Have you ever wondered how Canadian Tire
came into existence? Well, here is a brief history of Canadian Tire:
1922: John W. and Alfred J. Billes and John
W. established Canadian Tire in 1922. With a combined savings of $1,800, they
bought the Hamilton Tire and Garage Ltd. located at the corner of Gerard and
Hamilton Streets in Toronto.
1923: Following the sale of Hamilton Tire and
Garage Ltd., the Billes brothers relocated to the corner of Yonge and Gould
under the name of Canadian Tire Corporation.
1928: These brothers produced the first
catalogue featuring tire values on one side and a handy roadmap of Ontario on
the back.
1934: The Hamilton store became the first
officially designated Canadian Tire Associate Store. This milestone served as a
catalyst for the development of Canadian Tire’s highly successful nationwide
Dealer-operated network of Canadian Tire Associate Stores.
1958: Canadian Tire’s first gas bar opened
at Yonge and Church Streets in Toronto.
1963: Canadian Tire’s new distribution
center opened at Sheppard Avenue in Toronto.
1972: Canadian Tire celebrated its 50 years
of existence with the first store opened in Saskatchewan.
Over the years till today, Canadian Tire
has developed into a trusted friend in the Canadian retail landscape.
For more information on this company’s
history, please visit:
Or you can have a look at this cartoon to
get an overview of this company’s history.
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