Content about Tire

February 25, 2012

Canadian Tire Corp. (CTR) has announced the appointment of Marco Marrone as its new chief operating officer of the company’s core retail business. Marrone will have oversight of all of CTR's operations, including merchandising, marketing, supply chain, and store operations, including dealer relations.

June 29, 2011

A man in Hamilton, Ontario pled guilty on June 28 for breaking and entering a Canadian Tire store last May and stealing lawnmowers and barbecues, according to local news reports.

Richard Jessop, age 27, was arrested along with two other accomplices when police pulled over their U-Haul truck for a routine traffic stop. Officers looked in the back of the vehicle and saw the stolen merchandise, along with bolt cutters and a pair of gloves. 

May 10, 2011

Canadian Tire Corp. has signed an agreement to purchase The Forzani Group (FGL), Canada’s leading sporting goods retailer with 500 outlets across the country and revenues of $1.4 billion a year. The all-cash deal, in which Canadian Tire will purchase all the outstanding shares of FGL for $26.50 per share, has the support of the FDL board of directors, which is recommending to its shareholders to tender their shares to the offer. It is expected to close in the third quarter of 2011 pending regulatory approval.

March 24, 2011

Medina, Minn.-based Rockler Woodworking and Hardware introduced a Protective Bench Mat made from 100% recycled rubber tires. The three-millimeter thick mat measures 24 in. by 60 in.; protects the tops of work benches; and saves tools and projects from the scratches, dings and dents associated with general labor tasks in a shop. 

February 11, 2011

Canadian Tire reported gross revenues of $2.5 billion for its fourth fiscal quarter of 2010, a 4% rise over the same quarter a year ago. Same-store sales for the quarter dropped 0.4%, however.

Consolidated retail sales for Canadian Tire rose 2.4% in the fourth quarter to $3.1 billion.

For the year, gross revenues rose 3.4% to $9 billion. Consolidated retail sales rose 3.1% to $10.3 billion.

Same-store sales rose 0.8% for the full year.

November 9, 2008

Stephen Wetmore has served as an independent member of the board of directors of Canadian...

August 21, 2008

The transaction is expected to close in September 2008. The company did not disclose a buyer....

June 19, 2008

Canadian Tire is contracting with Genco Distribution System, a third-party logistics provider with 125 locations...

May 12, 2008

A St. Louis company that makes rubber mulch from recycled tires is moving into a...

March 30, 2008

The Canadian DIY retailer will phase out its paper catalogs, sent to approximately 6 million...

March 20, 2008

The retailer will recycle approximately 2.5 million tires in 2008 to manufacture the eco-friendly Majestic...

September 4, 2007

The “One-and-Only” combined checking, savings and mortgage account will be offered to homeowners who want...

August 9, 2007

The retailer posted strong earnings of $122.3 million, up 18.4 percent from $103.3 million last year....

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