| Prepared by: Shawn Song, Ivy Bao
Teacher: Ms. TongCourse Code: BAT4M1-05Due Date: March 23rd, 2011|
[Canadian Tire corporation, limited]|
For Days Like Today. |
Canadian Tire Corporation, Limited is a Canadian corporation that offers goods and services that meet life’s everyday needs. The corporation has an interrelated network business engaged in retailing goods, apparel, petroleum, and the financial and automotive services. The company was founded in 1922 by J. William Billes and Alfred J. Billes in Toronto, Ontario. Today, Canadian Tire Corporation has grown to a diverse network of business with more than 1,200 general merchandise and apparel retail stores and gas bars, as well as a major financial services provider. With more than 58,000 employees, the red triangle becomes one of the nation’s most trusted brands. According to the financial analysis, Canadian Tire had a successful business year during 2010. The gross operating revenue had growth of $294.3 million with a rate of 3.4%. The net income was increased from $335.0 million to $453.6 million, with a significant rate of 35.4%. Though the corporation’s total assets had a slight decrease of 1.2%, the total liabilities had decreased by 9.4%. As a result, there was a 10.3% increase in the shareholders’ equity compared to 2009. This growth in the shareholders’ equity is expected by the investors and it will make them more confident to invest in the business and will attract more potential investors.
Canadian Tire Corporation, Limited is one of the 60 largest publicly traded companies in Canada. The corporation has an interrelated network business targeting in retailing goods, apparel, petroleum, and the financial and automotive services. Canadian Tire has more than 58,000 employees across Canada working in offering goods and services that can meet Canadians’ every day needs under one the nation’s most trusted brands—the red triangle. The business includes Canadian Tire Retail as Canada’s most-shopped the general merchandise retailer, Canadian Tire Petroleum being one of the country’s largest and most productive independent retailers of gasoline, PartSource as an automotive parts specialty chain, Mark’s Work Wearhouse being one of the country’s leading work apparel retailers, and finally, Canadian Tire Financial Services which manages Canadian Tire MasterCard accounts, markets related financial products, and services for retail and petroleum customers. The corporation’s head office is located in Toronto, Ontario. The first Canadian Tire store was opened by two brothers, J. William Billes and Alfred J. Billes in Toronto on September 15, 1922. They bought the Hamilton Tire and Garage Ltd. located at the corner of Gerrard and Hamilton Streets with a saving of $1,800. In 1928, J.W. and A.J. Billes produced their first catalogue. Six years later, in 1934, the first associate store was opened in Hamilton, Ontario, serving as a catalyst for the successful development of the business. Then, in 1937, Canadian Tire’s main store and head office was moved to Yonge Street and Davenport Street which remains as a chain store. Today, the corporation has grown to having more than 1,200 general merchandise and apparel retail stores and gas bars and being a publicly traded company on the Toronto Stock Exchange. Canadian Tire Retail, the main engine of the growth of the corporation, has become one of Canada’s largest and newest store networks with a near-universal awareness of the brand. Canadians shop at least once a year in the corporation’s shops and 90 per cent of Canadian live within 25 kilometres of a Canadian Tire store now.
Canadian Tire Corporation, Limited|
| | | Increase (Decrease) during 2010|
| 2011| 2010| Amount| Percentage|
Assets| | | | |
Current assets| $ 5,004.6| $ 5,196.2|...