Market News
30Nov2007 |
Ambitious Growth Plans for Canadian TireCanadian Tire plans to open 60 to 70 new stores per year over the next five year, boosting retail revenue by 6% each year. The 468-store chain plans to invest more than $2.6 billion to realize its expansion strategy. The company has experienced healthy results at its gas bars and financial services division helping increase profit 11% to $105 million in the third quarter, despite the impact of Canada's rising dollar on jobs in the manufacturing sector and weaker than usual sales in Quebec and Ontario. Source: Canadian Grocer E-Newsletter, Nov. 30, 2007 
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