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Canadian Tire Corp. Ltd. history, profile and corporate video

. Canadian Tire Corp. Ltd. operates as a general merchandise retailer and solutions for living, fixing, playing, automotive and apparel. Its retail business offers products and services, including credit cards, in-store financing, product warranties, retail deposits, insurance and Canadian tire home services. The company operates its business through two segments: Retail and Financial Services. The Retail segment comprises of the living, playing, fixing, automotive, seasonal & gardening, apparel and sporting goods categories. The Retail segment business is conducted through a number of banners, including Canadian tire retail, Canadian tire gas, mark’s, part source, and various fgl sports banners. retail also includes the dealer loan program. The Financial segment services markets a range of Canadian tire branded credit cards, including the Canadian tire options mastercard, the cash advantage mastercard, the gas advantage mastercard and the sport chek mastercard. financial services also markets insurance and warranty products. Canadian Tire was founded by Alfred Jackson Billes and James William Billes on September 15, 1922, and is headquartered in Toronto, Canada.

Canadian Tire History

On September 15, 1922, John William Billes and Alfred Jackson Billes invested their combined savings of $1,800 in The Hamilton Tire and Garage Ltd (established in 1909 as the Hamilton Garage and Rubber Company) in Toronto.

Hamilton Tire & Garage was sold in 1923 and the Billes brothers moved several times before they settled their site at 639 Yonge Street.

In 1934, the first official associate store opened in Hamilton, Ontario. In 1937, Canadian Tire moved into the new Main store at 837 Yonge Street, after completing extensive alterations to what once was the Grand Central Market. This location remains as an associate store in the chain today. The first Canadian Tire catalog consisted of a price list in the format of a 24″ × 10″ folder. Sent in 1926 to car owners in Southern Ontario, this initial price sheet folder heralded the beginning of the Mail Order Department at Canadian Tire. Since then, the company has grown to over 487 stores. A publicly-traded company on the Toronto Stock Exchange, Canadian Tire shares are widely held.

Canadian Tire has experienced a period of significant growth and success, having transformed its store network in three major waves beginning in 1994. In its last five-year strategic plan it attained top-quartile total returns to shareholders among all publicly traded North American retailers, with a total return of 286%.

Canadian Tire is an industry partner of the University of Waterloo Stratford Campus.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Canadian Tire