Canadian Tire plans new stores

Canadian Tire plan is planning new stores, they planned to spend over $2.7 billion over five years on new store, banking services and technology to boost its business. The move come from entrance of new competition from us home improvement corporation retailer, Lowe’s Corp, prepares to open its first Canadian store in December.

Canadian tire also wants to improve its productivity of stores and make Canadian tire bigger and better place to shop. Canadian Tire has so far thrived despite the arrival of larger U.S, including Wal-Mart Stores corp. and home depot Inc. in the past 12 years. The companies also planning to open 60 to 70 new stores a years, boosting the sizes of its 1100 stores network by 5 percent.

The new store will have various full size mart of clothing, leisure and housewares store. The company says Canadian Tire is door to the networking of five different related stores:

1. Clothing store

2. Main store

3. Gas bars

4. Automotive specialty shops

5. Financial services

Readers views on new Canadian Tire stores: Post your comments in comments tabs under the articles

1.What your view about decision of spending enormous amount on the store of canadian tire?

2. Is this a good idea to change their traditional looks?

The company say its after-tax return on invested capital it exceed 10 percent over the forecast period. Company wants to concentrate mainly on women clothes and wants to boost the appearance of women clothing . These all strategies and plans for next five year will keep Canadian tire in competition with MNC.S.

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 (http://www.thestar.com/business/article/263471--canadian-tire-plans-new-stores)