19:37:20 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2017-05-12 C$ 205.00
Market Cap C$ 701,790,030
Recent Sedar Documents

FP says Cdn Tire plans fall deliver-to-home trial

2017-05-12 09:20 ET - In the News

The Financial Post reports in its Friday, May 12, edition that Canadian Tire is getting back into home delivery of on-line goods. The Post's Hollie Shaw writes that Canadian Tire famously scrapped its sales website in 2009 after nine years, and relaunched it in 2013 as a click-and-collect model, allowing customers to pick up goods bought on-line at their local Canadian Tire stores. Executives, however, have come to realize that a ship-to-home on-line business is something the company simply needs to do. Canadian Tire announced Thursday that it will begin a trial of on-line home delivery orders this fall, but offered no further details about its location or scope. Chief executive officer Stephen Wetmore says, "We obviously have to have a deliver-to-home capability." Mr. Wetmore, 64, who was CEO of the company from 2009 to the end of 2014, resumed the top job again last July after Michael Medline's ouster from the role after he reportedly clashed with the board over digital strategy. Mr. Medline, who was named CEO of Empire in January, received a separation package of $2.21-million from Canadian Tire. His total compensation in 2016 was $4.76-million.

© 2024 Canjex Publishing Ltd. All rights reserved.