Canadian Tire Corporation, Limited Franchise News

Large scale road-to-rail conversion helps drive another record setting quarter
Program with utility providers helps customers save $500,000 on annual utility bills

TORONTO, May 10, 2012 /CNW/ - Canadian Tire Corporation, Limited (CTC, CTC.a) today released the results of its business sustainability strategy for the first quarter of 2012. Most notable in Q1 is that forecasted greenhouse gas (GHG) emission avoidance is up ten-fold primarily due to the large-scale road-to-rail conversion that the Company undertook in connection with transportation.  Additionally, Canadian Tire's business sustainability strategy began reporting incremental new business, as in-store events designed with utility groups across the country drove $2 million in retail sales of energy-saving products...

Strong sales and revenue growth
Consolidated revenue up 23.4%
Diluted earnings per share up 21.6%

TORONTO, May 10, 2012 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC.a) today released first quarter results for the period ended March 31, 2012, which reflected strong revenue and earnings growth compared to the first quarter of 2011.
Consolidated revenue increased 23.4% to $2.4 billion in the quarter, reflecting the inclusion of FGL Sports acquired in August 2011, and solid growth across the retail businesses including all major categories within Canadian Tire Retail. Consolidated net income increased 21.5% to $71.0 million compared to the same period in 2011 and diluted earnings per share increased 21...

Canadian Tire proud to support NCATS Champion Scott Steckly for another season.
TORONTO, March 28, 2012 /CNW/ - Today, Canadian Tire announced that 2008 and 2011 NASCAR Canadian Tire Series champion, Scott Steckly will once again be racing for Canadian Tire, sporting the iconic triangle for the fourth consecutive year. The Milverton, Ontario resident will kick off the 12 race season at the newly named Canadian Tire Motorsport Park in Bowmanville, Ontario on May 20, 2012.
"I'm grateful for the support I've received from Canadian Tire and their continued support of motorsports in Canada," said #22 driver, Scott Steckly. "I am honoured to be part of such an incredible team and looking forward to another fantastic year on the track in 2012...

From hands-on product demonstrations to state-of-the-art drive-in service bays getting your car ready for the road has never been easier
BOWMANVILLE, ON, Oct. 19, 2011 /CNW/ -To further establish its position as Canada's automotive authority, Canadian Tire today unveiled a new automotive retail concept at the Bowmanville location - the automotive store of the future. While continuing to bring Canadians the latest, broadest and most innovative automotive product selection, the store's customer experience has been completely re-invented to provide Canadian drivers everything they need to increase the performance and safety of their vehicles.
"We believe shopping for auto products and the service experience should be stress-free, hassle-free and as exciting as driving a new car out of the dealership," said Allan MacDonald, Senior Vice President, Automotive at Canadian Tire...

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwire - Aug. 18, 2011) - Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC.A) ("Canadian Tire") announced today that the offer by its wholly-owned subsidiary FGL AcquisitionCo Limited (the "Offeror") to acquire all of the outstanding Class "A" shares ("Common Shares") of The Forzani Group Ltd. (TSX:FGL) ("Forzani") for $26.50 per Common Share in cash (the "Offer") has expired.

27,969,406 Common Shares of Forzani have been validly deposited to the Offer. As all of the conditions of the Offer have been satisfied, the Offeror has taken up and accepted for payment in accordance with the Offer all of the deposited Common Shares. The deposited Common Shares, together with the Common Shares already owned by Canadian Tire, represent approximately 97% of the total outstanding Common Shares on a fully-diluted basis...

Stores now offer reliable major home appliances for kitchen and laundry TORONTO, June 28, 2011 /CNW/ - Starting today, Canadian Tire stores across the country now offer Inglis® refrigerators, washers, dryers, dishwashers, and cooking ranges as well as Amana® freezers and microwaves, at competitive prices.

"Canadians turn to Canadian Tire for high-quality small appliances and we're now very excited to be partnering with Inglis and Amana to offer quality home appliances at great value," says T.J. Flood, Vice President, Merchandising, Canadian Tire.

Towards delivering a unique and convenient shopping experience to its customers, Canadian Tire introduced major appliances at 11 stores in British Columbia and Ontario last year...

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwire - May 24, 2011) - Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC.A) ("Canadian Tire") and The Forzani Group Ltd. (TSX:FGL) ("Forzani") announced today that Canadian Tire, through its wholly-owned subsidiary FGL AcquisitionCo Limited (the "Offeror"), has commenced its offer to acquire all of the outstanding Class "A" shares ("Common Shares") of Forzani for $26.50 per Common Share in cash (the "Offer") and mailed the Offer and take-over bid circular to Forzani shareholders. The directors' circular of the board of directors of Forzani has been concurrently mailed with the Offer and take-over bid circular.

The board of directors of Forzani, after receiving the recommendation of the special committee of the board of directors and a fairness opinion from its financial advisor, Greenhill & Co...

TORONTO /CNW/ - Today, Canadian Tire sent trailers full of household goods and emergency supplies to meet demand in Eastern Canada as residents prepare for the arrival of Hurricane Earl.

Additional supplies include more than 140 household generators, 300 gasoline cans, emergency heat kits and blankets, lanterns, firelogs and fuel as well as hundreds of flashlights and batteries. All of these products are manufactured for their dependability and durability.

"When Canadians find themselves in need of emergency goods and supplies, Canadian Tire is the one-stop-shop where they can get all the essentials to help prepare for any emergency," said Duncan Fulton, Vice President, Corporate Affairs, Canadian Tire. "Having a world-class supply chain and dealer distribution network that reaches across the country enables Canadian Tire to act quickly to support our communities...

Retailer to suspend charging new eco fees that were rolled out on July 1, 2010 TORONTO, July 19 /CNW/ - For some years, many retailers have charged visible fees up front to help recycle obviously complicated products like televisions or tires. A few years ago, the Government of Ontario worked with retailers and companies to set up a recycling organization called "Stewardship Ontario" to oversee and pay for the recycling of both ordinary and toxic waste, including the blue-box program. They were also tasked to run the recycling of everyday hazardous materials like cleaning products.

In 2008, Stewardship Ontario rolled out a test program on select hazardous products and most retailers in the province listed the eco-fees on the customer's receipt...