During the 1990s business critics were quick to
state that Canadian Tire was going to come to an end. But in 1994 the company
placed in a Stephen Bachand from the U.S.A and rejuvenated its stores. The
company is doing extremely well competing with Home Depot, Wal-Mart and other
U.S retailers. Canadian Tire is no lucky company, the company made major
adjustments and corporate changes.
That’s why the Toronto based company is in
profitability. Canadian Tire has 5 major businesses that consist of Canadian
Tire Retail, Parts Source, Canadian Tire Financial Services, Canadian Tire
Petroleum and Mark’s Work Warehouse. These meet the needs of many Canadians;
Canadian Tire has a clear vision to maximum their growth across Canada and
become Canada’s most trusted company. More than 57,000 people are employed with
Canadian Tire; there are 475 stores across the country. Offering items such as
automotive parts, accessories, services, sports products, and home products
under one roof. Customers also have the option of shopping online, Canadian
Tire being top three busiest e commerce sites.
Sources: Bus Comm Text Pg: 25
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