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Canadian Tire employees play a game of volleyball as they wait for the power to go back on after a power outage in August blacked out a stretch of the Danforth between Guest Street to Victoria Park Avenue. Medline said Canadian Tire has put into place 70 per cent of the infrastructure it needs for an improved digital presence that offers customers more than just online shopping. He provided few other details, except to point to the recent success of for Sport ChekSidney Crosby’s Ode to Hockey for Sport Chek, one of the many banners operated by Canadian Tire.
Medline said Canadian Tire wants to better target 30- to 49-year-olds with a focus on young families.
Canadian Tire will offer a slew of items this holiday season to appeal for young families, including indoor sleepover tents, snow paint and outdoor skating rink kits. Against a retail backdrop of increased competition and skittish consumers carrying more debt than ever, the company set annualized sales growth targets of 3 per cent at Canadian Tire, 5 per cent at Mark’s and 9 per cent at FGL Sports. It plans to drive growth by adding 2 million square feet of premium retail space between 2012 and 2017. The company also announced that it intends to return capital to shareholders through the buy-back of an additional $400 million of the company’s class A non-voting shares through the end of 2015. Canadian Tire also said it plans to invest an average of $575 million each year on business improvements between 2015 and 2017, in digital technology and store upgrades.
Analysts were told the company is seeking to cut costs, beginning by ensuring they are getting as much value as possible from vendor contracts. The company also announced a partnership between Sport Chek and the Scene loyalty program, run by Canada’s largest theatre chain, Cineplex, and Scotiabank.


Analyst Peter Sklar of BMO Capital Markets said the sales growth projections by Canadian Tire were slightly in excess of expectations.
Sales in the first quarter of 2016 rose 15.8 per cent from the opening three months of last year, according to the Toronto Real Estate Board.
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In fact, it reflects poorly on our brands,” Michael Medline said at an investment conference in Toronto. 1, replacing Stephen Wetmore, who launched the company’s successful brand revival six years ago.
The goal is to make the company’s site an online hub, keeping customers entertained, informed and engaged.
For example, instead of ads featuring dad painting the deck, new one will focus on a father and his young son building a tree house.
The point program will launch nationally in mid-November at more than 180 Sport Chek stores. This can cause prolonged breaks in the entertainment or event curtailment of the event should an outage damage electronic equipment. We will create a unique online destination that will inspire customers to keep coming back,” said Medline.



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