Canadian Tire Corporation Provides Update on Response to COVID-19
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Canadian Tire Corporation Provides Update on Response to COVID-19

  • Canadian Tire Retail stores to remain open with reduced hours
  • Mark's/L'Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource stores to close until April 2

TORONTO, March 18, 2020 /CNW/ - Canadian Tire Corporation (TSX:CTC, TSX:CTC.a) announced today that in response to growing concern surrounding COVID-19, it will reduce operating hours at Canadian Tire Retail (CTR) and temporarily close its other retail stores, including Mark's/L'Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource. The temporary closure will be in effect from March 19 until April 2, at which time operations will be reassessed. During the closure period, full and part-time employees will be paid.

CTR, which operates over 500 stores across Canada, has been supporting its communities by providing access to the essential products Canadians need during this time. Hours at Canadian Tire stores will be reduced to allow for enhanced cleaning and restocking. Gas+ locations will also remain open, with regular operating hours.

"Canadian Tire and our Associate Dealers have always been there to support their communities through emergencies and times of crisis, and for the last number of days, Canadians have turned to Canadian Tire Retail for the supplies they need to cope with the impact of COVID-19. As we continue to adapt to the country's fast-changing needs, we want to make sure we are doing everything we can to keep our stores open and support our team," said Greg Hicks, President and CEO, Canadian Tire Corporation. "Closing our retail stores that are not as essential is the right decision, helping to limit the spread of the virus."

Canadian Tire continues to take precautions for the safety and well-being of employees and customers, such as with the enhanced cleaning of stores, encouraging strong hygiene practices among team members, and making hand sanitizers and wipes available at all workstations and gathering spots, such as lunchrooms and service waiting areas. To help protect and support elderly and more vulnerable customers, many Canadian Tire Associate Dealers are offering reserved shopping hours or setting aside inventory for pick-up.

"During these temporary closures, our customers can still shop our Canadian Tire family of companies online, however, as online orders increase, it may take us longer than usual to ship your items, and we ask for your patience," added Hicks.

About Canadian Tire Corporation

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands; and Party City Canada, a leading, one-stop shopping destination for party supplies and seasonal celebrations. The more than 1,740 retail and gasoline outlets are supported and strengthened by CTC's Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, CTC owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

Contacts:

Jane Shaw
Media Relations
(416) 480-8581
jane.shaw@cantire.com

Lisa Greatrix
Investor Relations
(416) 480-8725
lisa.greatrix@cantire.com

SOURCE Canadian Tire Corporation, Limited

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