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Canadian Tire Announces Aggressive Growth Plans

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(Akron/Tire Review) Canadian Tire Corp. says it plans to build between 60 and 70 new retail outlets across Canada each year between 2008 and 2012.

While specifics were not released, Canadian Tire retail stores include Canadian Tire, Mark’s Work Wearhouse, PartSource and Canadian Tire Petroleum.

The company expects the expansion program will bring store network growth of at least 5 per cent, averaged over five years, and retail revenue growth of 6 to 8 per cent over the same time period.

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