Tuesday, 28 February 2012

Canadian Tire Lets Investors Bring Their Crazy Business Ideas


      Canadian Tire is taking a different approach, the event called Unwrap the Ultimate Auto Gifts. They’re in search of, invites vendors, manufactures, distributors and entrepreneurs to submit their product ideas online. Something along the lines of Dragons Dens, where people pitch out their crazy ideas that potentially can bring in major profit. 

     The best are chosen to show off their products in person, at their own expense, to Canadian Tire buyers, senior managers, store owners and analysts at a two day meeting in Toronto. Each presenter gets around 15 minutes. The previous year of 2011, 155 new products were launched, which generated a 2.7 increase in automotive sales. The increased sales were above expectations, for which encouraged the retailer to once again let people’s ideas be explored. Among the most interesting auto gifts discovered last were The Road Mice. The mouse is a cordless mouse in the shape of many exotic cars like the Lamborghini.

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