Canadian Tire Corporation Limited (TSX:CTC)Retail
Canadian Tire Corporation Limited is a publicly listed company that owns and operates various businesses, including retail, real estate and financial services.
The company was founded by John W. and Alfred J. Billes in 1922. It is reportedly one of the biggest retailers in Canada.
It provides various products catering to hardware, automotive, sports, leisure and housewares sectors.
Canadian Tire Corporation operates under different banners, including:
• Canadian Tire Retail
• Helly Hansen
• Pro Hockey Life
• Canadian Tire Financial Services
• Trio Hockey
The company operates through a network of over 1,700 retail locations.
Some of the product offerings include apparels and equipment related to indoor or outdoor sports, casual clothing, workwear, decoration material, professional-grade gear, special hockey equipment, automotive parts.
The corporation also owns retail gasoline outlets under the banner Canadian Tire Gas+. The company provides financial services through Canadian Tire Bank and CTFS Bermuda Ltd. Canadian Tire Bank, a Schedule I bank, is federally regulated and manages the company’s credit card portfolio and general finance.
The Toronto-based firm operates in different markets through the following subsidiaries:
• CTFS Holding Limited
• Canadian Tire Real Estate Limited
• CT REIT
• FGL Sports Ltd
• Canadian Tire Dealer
• Glacier Credit Card Trust
• Mark’s Work Wearhouse Ltd
The company provides various financial services, including cash advantage and gas advantage Mastercard products, warranty products, insurance and settlement services.
Canadian Tire Corporation also offers business partnership options to suppliers for the retail chain segment.
In 1958, the company launched the loyalty program under which Canadian Tire Money notes were printed as rewards to the customers. Later, Triangle Rewards™ was introduced to complement the paper version.
CT Real Estate Investment Trust, a subsidiary, leases income-producing properties to Canadian Tire Corporation. CT REIT is an unincorporated real estate investment trust listed on the Toronto Stock Exchange under the ticker 'CRT.UN'.
2180 Yonge Street Toronto, ON M4P 2V8