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Enter Symbol
or Name
USA
CA



Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2017-06-02 C$ 237.99
Market Cap C$ 814,726,874
Recent Sedar Documents

Globe says Cineplex, others find value in empty Targets

2017-06-05 07:47 ET - In the News

See In the News (C-CGX) Cineplex Inc

The Globe and Mail reports in its Saturday edition that a lot of former Target Canada stores appear doomed to stay empty for a while, underlining the uncertainties of a fast-shifting retail market. The Globe's Marina Strauss writes that Target Canada received court protection from its creditors in January, 2015, after less than two years of operating here, shutting all stores by April, 2015. While other failing stores are closing in Canada, including BCBG Max Azria, Express, HMV, Jean Machine, Tip Top Tailors, Future Shop, Danier and Lululemon's Ivivva, the pace of closures south of the border is even more intense, among them big outlets such as many Macy's and Sears. Wal-Mart, Canadian Tire and Lowe's picked up almost 40 Target store leases, but ultimately, Target was forced to hand back 75 leases to their landlords, unable to find suitable buyers for them. Among chains that are taking portions of Target stores are U.S. discounter TJX Cos.' Winners, Marshalls and HomeSense; PetSmart; Sport Chek; Designer Shoe Warehouse; H&M; Zara; GoodLife Fitness; Dollarama; Giant Tiger; Cineplex (and its expanded entertainment concept RecRoom); and Cara Operations' restaurants, such as East Side Mario's.

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