The Canadian Ban Company, Limited is a Canadian retail company that sells a wide range of automotive, hardware, sports and leisure, and household products. Some stores also sell toys and food products. Retail operations include: Canadian Tire, core retail and automotive service operations, operating large car repair garages in every store; Canadian Tire Petroleum; Mark, a clothing retailer for men, women, and workers; sporting goods and retail sport conglomerate FGL Sports; and PartSource, which markets auto parts and accessories. The company's headquarters are located in Toronto, Ontario. Retailers are famous for their Canadian Tire money, a loyalty program first introduced in 1958, where customers are given a coupon that resembles 0.4% of banknotes from their purchases that can be used in subsequent purchases as scrip in stores and poms Canadian gasoline.
Video Canadian Tire
History
On September 15, 1922, John William Billes and Alfred Jackson Billes invested their combined savings of $ 1,800 at Hamilton Tire and Garage Ltd. (founded in 1909 as the Garage and Rubber Company of Hamilton) in Toronto. Hamilton Tire & amp; The garage was sold in 1923, and Billes's brothers moved several times before they settled on 639 Yonge Street.
In 1934, the first official association shop opened in Hamilton, Ontario. In 1937, Canadian Tire moved into a new Main store at 837 Yonge Street, having completed a major change on what used to be the Grand Central Market. This location remains as an associate shop in today's chain. The first Canadian Tire catalog consists of price lists in 24 "Ã, ÃÆ' â €" Ã, 10 "folder formats. Sent in 1926 to a car owner in Southern Ontario, this initial price sheet sheet touted the start of the Mail Order Department at Canadian Tire. Since then, the company has grown to more than 487 stores. The company is listed on the Toronto Stock Exchange.
Canadian Tire has experienced a period of significant growth and success, having transformed its chain of stores into three major waves that began in 1994. In the last five years strategic plan, it achieved total returns on the quartiles to shareholders among all traded North American retailers, with a total return of 286%. Canadian Tire is an industrial partner of the University of Waterloo Stratford Campus.
Activities in the United States
Canadian tires try twice to expand south of the border to tap into the lucrative tires and automotive parts business in the United States.
The first attempt took place in the early 1980s when Canadian Tire attempted to replicate the successful Canadian Ban tire sales strategy in the United States by buying in 1982 the Texas-based Wichita Falls, Texas, retail chain with 81 stores in Texas from then Household owners Merchandising Inc., a subsidiary of Household Financing, worth US $ 40.2 million. After losing nearly US $ 100 million over four years of operation, Canadian Tire closed several stores and sold the remaining 40 stores, three warehouses and other White assets to Kansas City, Western Western Western Supply Western for US $ 24.5 million in 1986.
The second attempt occurred in the early 1990s when Tire Canada decided to try to open a special auto parts chain called Auto Source which tries to have over 25,000 different pieces on shelves in every store, more than its competitors. The first Automatic Source opened in Indianapolis in 1991. In contrast to previous attempts, the concept of Auto Source was built from scratch. Over the next three years, Canadian Tire has opened two Auto Resource stores each in Indianapolis, Cincinnati, Dayton, Columbus, and Louisville for a total of ten stores before abruptly shutting down the money-losing chain in 1995. Some stores are sold to Pep Boy -lites.
Although Automatic Resources lost nearly CA $ 60 million during its four-year existence, a reduced version is used in Canada under the PartSource brand.
Maps Canadian Tire
Shop brand
Certain merchandise stamped exclusively for Canadian Tires. The best known is Mastercraft, which offers a variety of tools, SuperCycle (bike), BluePlanet (environmentally friendly household cleaners, CFL bulbs and other green items), Likewise (general household items such as lighting/electrical products and hardware) and MotoMaster (tires, batteries, and other automotive goods). NOMA, a company that only exists in Canada as a trademark, offers a wide range of items ranging from Christmas lights to air purifiers. During 1980, Canadian Tire sold electronic goods under the name Pulser (with the Canadian Tire logo), such as radio, stereo, television, walkman, cassette, etc. It is not known when the company started or died.
Division
Canadian Tire Retail
As Canada's largest retailer, 90 percent of Canada's population lives within a 15-minute drive of a Canadian Ban shop; nine out of ten Canadian adults shop at least once twice a year; and 40 percent of Canadians shop at Canadian Tire every week. There are 504 stores across Canada. The Canada Tire Shop is owned and operated by an associate dealer. Buildings and land owned or rented by the company and everything in the building, from equipment to merchandise, are owned by the dealer. The majority of stores operate in different categories of automotive parts, automotive services, equipment and hardware, sporting goods, household appliances, and seasonal. Moody's explains the concept of Ban Canada to the international audiences as follows:
One of Canada's most powerful Canadian retailers, Canadian Tire, is a completely foreign concept for US retailers, and its market position and "hold" for Canadian consumers are often misunderstood and belittled. The company sells products ranging from spark plugs and tires to sporting goods and apparel, with food offered in several locations. "Currency", the Canadian Tire money, which is a by-product of its loyalty program, has been accepted in Canada by some retailers and can almost be described as a "sub-fiat" currency.
Since 2003, Canadian Tire has transformed the majority of traditional stores and new formats, as well as building new stores, making it the most modern network in the country. Last year, Canadian Tire introduced two new store formats - Smart store and Small Market store. Currently, the second largest Canadian Tire store is located in Victoria, British Columbia. The third largest is in Dartmouth, Nova Scotia, incorporating Mark's Work Wearhouse (owned by Canadian Tire) inside its doors. The largest opened in Edmonton, Alberta in June, 2015. Also, the new Canada format Ban Shop is also available at indoor mall locations, such as Place Vertu in Montreal where it opened in 2000 after taking over the former Kmart location (when Kmart withdrew from Canada in 1998), and the Confederation Mall in Saskatoon, where Canadian Tire took the area previously occupied by Walmart in 2011. With the collapse of the Target business in Canada by 2015, Canadian Tire took over the lease of 12 previous Target store locations.
In May 2011, Canadian Tire announced the purchase of Forzani Group, a Canadian sports goods retailer. "The deal is Tyre Tire's first major acquisition since it took over the Mark Jobs Warehouse a decade ago."
Online Store
Canadian Tire Online is an online purchasing system, launched in November 2000, where customers from Canadian Tire can order goods online. On January 1, 2009, citing consumer disinterest in online shopping faced with the convenience of brick and mortar stores, the Company announced the end of effective online sales by the end of January 2009.
On November 1, 2013, Canadian Tire goes online with shipping to stores.
PartSource
PartSource is a special automotive parts and accessories chain, which has 87 stores in Nova Scotia, Ontario, Manitoba, Saskatchewan and Alberta. It is designed to meet the needs of major buyers of automotive parts including commercial automotive installers as well as seriously do it's own customers. Initially, the PartSource stores were a mix of Canadian operated Tire Corporation franchisees and shops. However, in November 2013, all PartSource stores in Canada are owned and operated by Canadian Tire Corporation.
Financial Services
Canadian Tire Financial Services is the credit portion of the company. This division operates the Canadian Tire Bank, a bank under the Canadian Bank Act. Its main business is branded credit cards, including Triangle Mastercard, but also provides credit products and other loans. CTFS also sells insurance and warranty products, and operates the Canadian Tire Roadside Assistance, an emergency road service.
In October 2008 (and 2014), Canadian Tire Financial Services was named one of "100 Best Canadian Entrepreneurs" by Mediacorp Canada Inc., and featured in Maclean's newsmagazine.
Canada Tire Petroleum
Canadian Tire Petroleum (CTP), which operates as Canadian Tire Gas, has 300 locations and 77 Simoniz car washes. With the establishment of the 1958 CTP, Canadian Tire was the world's first heavyweight retailer to start selling gasoline in their stores as a means of increasing customer traffic. CTP also holds a concession to operate the gas station at the ONroute service center location along Ontario Highway 400 and Ontario Highway 401.
In Ontario, CTP also operates the Pit Stop, which provides services such as oil changes and rust checks. The "Ban Money Canada" loyalty program was initially launched through gas bars as "Gas Bonus Coupon". CTP has opened 3 'Q' stop stores featuring mini-grocery stores as well as other items. Mark's "Mark's"> Mark's
Mark's (formerly Mark's Work Wearhouse) is a casual business clothing retailer, a weekend, and work clothes and accessories. It operates more than 380 stores across Canada, including the L'quoteur store in Quebec.
FGL Sports Ltd (formerly Forzani Group)
FGL Sports Ltd. (FGL) is Canada's largest national sporting goods retailer. It sells sports-related products under the following brands: World Athletes, Atmospheres, Intersport, Hockey Experts, National Sport, Golf Nevada Bob, S3, SportChek, Sport Mart, Sports Experts, Technology Shop, Hockey Pro Life, and Fitness Sources.
Helly Hansen
In May 2018, Ontario Teachers Pension Plan sold Norwegian sportswear retailer Helly Hansen to Canadian Tire for $ 985 million CAD.
Marketing
Ads
Historically, the Canadian Ban Ban ads featured Santa Claus and Ebenezer Scrooge arguing about whether the Canadian Tire option or their sales price was the reason for doing a Christmas shopping there involving the marketing slogan "Give it like Santa, save like Scrooge" . A stamp was published by the Canada Post to commemorate the 75th anniversary of Ban Canada based on the Canadian Tire ad of a boy (Bike Story) who received his first bicycle purchased by his father at a Canadian Tire retail store.
Starting in 2007, the company runs a month-long full-calendar campaign that provides free CDs and discounts during the holiday season.
From 1997 to 2005, the company's ad featured "Canadian Ban Couples". The male role is also known as the Canadian Ban man played by Canadian actor Ted Simonett, and Gloria Slade plays the female role. They usually show new products to one of their neighbors, who need a particular tool. The 'Canadian Tire Couple' is featured on the Royal Canadian Air Farce as one of their targets this year, as "the most disgusting couple in Canada". They also made guest appearances on the Royal Canadian Air Farce as actors in a skit.
In early 2006, the ad featuring the couple was phased out by a new campaign featuring signs of overhead found in the Ban Canada store alleys.
This company is one of Canada's largest advertisers.
Slogan
- 1970: "It's for people like you"
- 1980s: "There are more Canadian tires than tires"
- 1985: "The right choice is never so clear."
- 1992: "There's more to a lot less"
- 1996: "Everyday lows get better"
- 1997: "Canadian tire, still the right place"
- Christmas season: "Give it like Santa Claus, Save like Scrooge", and "Gober-Approved Price"
- 2001: "Let's Get Started", which uses the song "I'll Start With You" (released in 1992 by former Highway 101 vocalist Paulette Carlson)
- 2006: "_____ Starting from Canada Ban", with blanks filled with different seasons (such as "Summer" or "Vacation") or situation ("Home Improvement", "Spring Cleaning", "Car Care").
- 2008: "For Days Like Today"
- 2011: "Bring"
- 2012 & amp; 2013: "Canada Store". In some ads, the 'store' type is included when it matches the ad creative, ie... "Canadian Automotive Store" or "Canada Kitchen Store".
- 2014 & amp; 2015: "Tested to live in Canada".
- 2016: "You can this."
See also
- List of Canadian department stores
- NASCAR Canadian Tire Series
References
External links
- Official website
- Currency Ban Canada - Canadian Tire Currency Catalog Catalog Index, 1958-2003 Issue.
- "Canadian Ban Company, Limited History". FundingUniverse.
Source of the article : Wikipedia
0 Comments