DOCSLIB.ORG

The Road Ahead Canadian Tire Corporation, Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Road Ahead Canadian Tire Corporation, Limited Canadian Tire 1999 Annual Report THE ROAD AHEAD CANADIAN TIRE CORPORATION, LIMITED Canadian Tire offers a unique mix of products and services through three dis- tinct yet interrelated businesses, as outlined below. Together, these business- es form a very competitive package of location, price, service and assortment that meets the needs of our customers for total value. The 38,000 employees of Canadian Tire and its Associate Dealers share a common vision: To be the best at what our customers value most. CANADIAN TIRE CANADIAN TIRE CANADIAN TIRE RETAIL PETROLEUM FINANCIAL SERVICES (“CTR”) (“PETROLEUM”) (“FINANCIAL SERVICES”) CTR is Canada’s leading Petroleum is one of Canada’s Financial Services is en- hardgoods retailer, offering largest independent gaso- gaged primarily in financing consumers approximately line retailers; it also mar- and managing credit card 104,000 stock-keeping units kets related products such accounts for CTR and Petro- of automotive parts and as oil changes, car washes leum customers. Financial accessories, sports and leisure and propane. Petroleum Services operates an emer- products, and home prod- enhances Canadian Tire’s gency roadside service and ucts, primarily through a competitive offering to cus- markets other financial and network of stores operated tomers with merchandise telecommunication prod- by Associate Dealers. promotions and discounts. ucts to our customers. 2 Financial Highlights 3 Message from the President and Chief Executive Officer 7 Message from the Chairman 8 Growth 22 Performance 24 Management’s Discussion and Analysis of Operations 36 Consolidated Financial Statements 40 Notes to Consolidated Financial Statements 52 Ten-Year Financial Review 54 Directors and Officers 56 Environmental, Health and Safety Stewardship 57 Quarterly Information 58 Shareholder and Corporate Information 59 Canadian Tire in the Community THE ROAD AHEAD At Canadian Tire, the road ahead has a single signpost that points the way to continuing growth. Our commitment to growth is why we’re building a network of Canada’s best and most convenient retail stores. It’s why we’re rolling out new merchandising strate- gies that offer an outstanding shopping experience. It’s why we’re launching innovative ways to enhance our dominance in auto parts and take advantage of the rapid acceptance of e-commerce. Like the road we have travelled successfully for the past seven years, the road ahead will require investment. But the road to growth is the only road that provides long-term value to everyone on the journey. 1999 annual report 1 FINANCIAL HIGHLIGHTS Consolidated Percent (Dollars in thousands except per share amounts) 1999 1998 Change* Gross operating revenue $ 4,728,259 $ 4,347,283 8.8% Earnings before income taxes 227,099 249,712 (9.1) Income taxes 81,170 82,732 (1.9) Net earnings 145,929 166,980 (12.6) Cash generated from operations 326,141 316,170 3.2 Cash generated from operating activities 323,467 369,448 (12.4) Dividends 30,845 31,299 (1.5) Per Share Net earnings $ 1.89 $ 2.09 (9.6%) Cash generated from operations 4.22 3.96 6.6 Cash generated from operating activities 4.19 4.63 (9.5) Dividends 0.40 0.40 – Shareholders’ equity 17.21 16.20 6.3 * Percent change calculated from unrounded amounts Business Units CTR Financial Services Petroleum Consolidated (Dollars in thousands) 1999 1998 1999 1998 1999 1998 1999 1998 Gross operating revenue $3,800,288 $ 3,511,695 $ 305,997 $ 305,391 $ 621,974 $ 530,197 $4,728,259 $4,347,283 Earnings before income taxes 155,912 189,468 55,989 51,860 15,198 8,384 227,099 249,712 2 canadian tire MESSAGE FROM THE PRESIDENT AND CHIEF EXECUTIVE OFFICER During 1999, we continued our trend of strong operating performance. Consolidated gross revenue rose 8.8 percent to a record $4.7 billion. Consolidated net earnings per share, however, declined to $1.89 in 1999 from $2.09 in 1998 due to the expensing of a variety of substantial project costs. The major portion of the expensed costs related to the development of the Corporation’s capabilities in information technology and electronic commerce. At an operating level, all of our divisions made very strong contributions to the 1999 operating earnings before the above noted expenses. Canadian Tire Retail operating earnings before these expenses were up 13.2 percent while Financial Services and Petroleum operating earnings increased 8.0 percent and 81.3 percent respectively. A more detailed discussion of the expensed costs and the Corp- oration’s many accomplishments during 1999 can be found in Management’s Discussion and Analysis of Operations, which begins on page 24. Canadian Tire’s strong operating performance during the past seven years has its roots in the success of our strategies and investments for growth. Those strategies and investments will continue because, as this Report details, our prospects for ongoing growth are excellent. RENEWING THE FOUNDATION In 1993, Canadian Tire had a strong foundation of competitive advantages: an almost universal brand awareness, a unique offering of three specialty stores under one roof, a network of entrepreneurial Associate Dealers and a sound financial posi- tion. It was a solid foundation that could be made even stronger. Our stores needed to be more responsive to new competitive formats. Our organization needed to be energized by the common objective of providing what our customers value most. During the past seven years we have strengthened Canadian Tire’s foun- dation for profitable growth. By opening 188 new-format stores, and refining and expanding our offering under three primary product groups, we have increased sales by 1.2 billion dollars. By eliminating expenses that do not add value for customers, we have significantly improved the Corporation’s cost struc- ture. By keeping our eyes on the road ahead, we have launched an exciting new opportunity to build on our market dominance in auto parts and accessories. Our job is to continue to execute our winning strategy on this revitalized foundation. We made excellent progress on that task in 1999 and honed the strategy that will deliver more gains in the future. DRIVING REVENUES Canadian Tire’s new-format stores have exceeded our expectations since we opened the first one in 1994. In their first year of operation, these stores are deliv- ering average sales gains in excess of 50 percent over the previous store in the same market. What’s more, their comparable sales growth in subsequent years is well above the performance of traditional Canadian Tire stores. On the strength of these sales gains, we decided to expand and accelerate the roll-out of our new-format stores. Our original estimate was 240 stores; we now expect to build 350 by the end of 2003. We opened 51 in 1999 – up from 34 in 1998 – for a total of 188 new-format stores. The Corporation is currently just half way through its building program, which suggests our sales momen- tum will continue its strong upward trend. 1999 annual report 3 4 canadian tire MESSAGE FROM THE CHIEF EXECUTIVE OFFICER We are also enhancing the customer experience inside these new stores in order to drive more sales. The “Next Generation” design of Canadian Tire stores builds on our accumulated learning to provide an even better experience for our customers. These stores feature more closely related groupings of products and departments, expanded assortments in key categories such as kitchen and hard- ware, an improved navigational system and more open sight lines throughout the store. Given the immediate sales uplift we have seen in test stores already outfitted with these improvements, we are excited about the potential of Next Generation. The concept will be incorporated in every new store we build and is easily trans- ferable to all existing new-format stores opened since 1994. Canadian Tire Financial Services and Canadian Tire Petroleum remain important elements of our plans for growth. Financial Services’ Options® MasterCard® loyalty program, like Canadian Tire ‘Money’, is an important driver of incremental sales in our stores, and will be even more so in the years ahead. Similarly, Petroleum’s cross-merchandising programs and competitive pricing are substantial components of the total value proposition that is our unique offering to Canadian consumers. Both of these divisions also contribute meaningfully to the Corporation’s overall growth in profitability. NEW ROADS TO GROWTH For the past three years, we have been testing a concept called PartSource®, a chain of stand-alone specialty auto parts stores. Last year we announced plans for a national roll-out of the chain that will see us open up to 200 of these stores over the next four to five years. Canadian Tire is already the dominant provider of automotive parts and service in Canada. With PartSource, we are going after new customers who do not typically frequent a Canadian Tire store for their automotive needs – the passionate “do-it-yourselfer” and professional installer. These customers repre- sent a sales opportunity of $400 million annually to Canadian Tire. We intend to turn this opportunity into real growth as quickly as possible by leveraging our marketing resources, strong vendor partnerships, supply-chain capabilities and real estate and construction expertise. Like PartSource, electronic commerce is also an exciting opportunity to drive new growth. Our e-FlyerTM, the electronic version of our weekly flyer, is already one of the most-visited Internet web sites in Canada. During the coming year, we will build on that considerable potential by launching a new consumer e-com- merce web site that will provide customers with broader access to merchandise and a range of customer services. We know that customers value the shopping experience that Canadian Tire offers and we intend to be the best at providing it through e-commerce.
Load more

Recommended publications
  • WCTD Best Practices MANOEUVERING COVID-19
    FALL 2020 THE PUBLICATION FOR TIRE PROFESSIONALS FROM WESTERN CANADA TIRE DEALERS MANOEUVERINGMANOEUVERING COVID-19:COVID-19: WCTDWCTD BBestest PracticesPractices PLUS • Shymko: Maximizing the New Normal • Geleta: Canadian Tire Market Rebound • Tim’s Travels • Federated: Wildfre Plan and Protection Join one of Canada’s fastest growing retail tire brands. TIRECRAFT is a network of 250+ independantly owned and operated retail tire and automotive repair businesses across Canada. National Branding Preferred Programs Operational Support Digital/Traditional marketing and Access to exclusive tire and parts Training, coaching, performance groups a nationally recognized brand. programs at preferred pricing. based on proven proft-driving methods. Learn more about becoming a TIRECRAFT dealer today by contacting the representative closest to you. AB BC SK/MB Ray Lehman Gary Kopiak Dan Johnson 780-733-2239 250-300-1643 587-337-6848 [email protected] [email protected] [email protected] 2 The Tracker | January – March 2019 | www.wctd.ca tirecraft.com FALL 2020 Published by Western Canada Tire Dealers Publication Mail Agreement No.40050841 65 Woodbine Road, Sherwood Park, AB T8A 4A7 • Phone 780-554-9259 Return undeliverable Canadian addresses to: Circulation Department 65 Woodbine Road, Sherwood Park, AB T8A 4A7 WCTD EXECUTIVE 2020-2021 Email: [email protected] www.wctd.ca PRESIDENT - NEAL SHYMKO PAST PRESIDENT - PAUL MCALDUFF VICE PRESIDENT - TBA EXECUTIVE DIRECTOR - RAY GELETA We hope you find this issue of The Tracker informative, 65 Woodbine Road, Sherwood Park, AB T8A 4A7 educational and entertaining. We welcome your feedback and Phone 780-554-9259 Email: [email protected] invite you to submit any ideas you have for upcoming issues.
    [Show full text]
  • MARRC Annual Report 2020
    Manitoba Association for Resource Recovery Corp. Mr. Oil Drop MARRC 2020 ANNUAL REPORT Manitoba Association for Resource Recovery Corp. 35-1313 Border Street, Winnipeg, Manitoba R3H 0X4 Phone: (204) 632-5255 Fax: (204) 633-9380 Info Number: 1-888-410-1440 E-mail: [email protected] Web Site: www.usedoilrecycling.com Mr. Oil Drop THE FINE ART OF THE WILDERNESS A legacy of diverse and pristine wilderness for us and future generations to cherish and protect. Printed on recycled paper Beyak Lake, Manitoba Photo by Mike Karakas Table of Contents • Overview of MARRC 2 • Minister’s Letter of Approval 3 • Ambassador Program update 5 • MARRC Awaiting to Continue Participating in Schools 6 • MARRC Radio & Newspaper Media Partnerships 7 • Volumes Collected 8 • City of Winnipeg Collection Depot Network Expanding 10 • Manitoba’s Licensed Used Oil & Antifreeze Depot Map 11 • EcoCentre Network List 12 • Northern Manitoba Update 13 • Members of MARRC 14 • Financial Statements 15 • Board of Directors and Staff 29 Annual General Meeting Wednesday, April 28, 2021 10:00 am SARRC Hosting. Will be conducted virtually by conference call 1 MARRC - Making every drop count Overview of MARRC The Manitoba Association for Resource Recovery Corp. (MARRC) is a non-profit corporation established in 1997 by manufacturers and marketers of lubricating products in Manitoba. Its mandate is to develop, implement and administer a cost-effective, sustainable, user-financed, province-wide stewardship program for used oil, used oil filters and used oil containers. MARRC was incorporated under The Corporations Act of Manitoba on April 1, 1997. It operates in accordance with a Letter of Approval issued by Manitoba Environment on February 26, 1998 under Section 7 of the “Used Oil, Oil Filters and Containers Stewardship Regulation” of the Waste Reduction and Prevention Act.
    [Show full text]
  • NEI Corporate Engagement Focus List Q4 Update: December 2017
    NEI Corporate Engagement Focus List Q4 Update: December 2017 Company Overview ESG Issues Dialogue Results Holdings CONSUMER We wrote to Amazon in December 2017 in the context of our participation in a PRI investor collaboration engaging Amazon.com Inc is an companies on cybersecurity, for which we co-lead engagement NEI Ethical Global American electronic with Amazon on its cybersecurity governance and strategy Equity Fund commerce company and • Governance Matters - with Calvert Research and Management. The letter introduced Amazon one of the largest internet cybersecurity the investor collaboration and requested a meeting with the retailers in the world. company to discuss how the board of directors is involved in NEI Northwest www.amazon.com cybersecurity oversight, whether the company conducts Global Equity Fund regular cybersecurity audits and whether Amazon employees at all levels of the organisation receive cybersecurity training. We wrote to Aritzia in December 2017 to explain our proxy Aritzia is a Canadian voting decisions at the company's 2017 Annual General Meeting. We encouraged the company to address corporate women's fashion apparel • Governance Matters - governance issues such as executive compensation structures, NEI Ethical Special Aritzia and accessories retail executive compensation, say-on-pay, and composition of key board committees. In light company. board composition Equity Fund of the company's dual class share structure, we gave our www.aritzia.com perspective on the importance of including independent and diverse directors on the board. In the context of an investor collaboration we convened to Canadian Tire Corporation engage with Canadian Tire, we met with the company in NEI Ethical is a general retailer offering October 2017 to provide feedback on its 2017 sustainability Balanced Fund everyday products and disclosures, including expectations for responsible sourcing • Governance matters - Canadian Tire services through more than and carbon disclosure.
    [Show full text]
  • Pesticides Act
    Application for Investigation Part V, Environmental Bill of Rights, 1993 Suspected Violations of the Pesticides Act TO: Environmental Commissioner of Ontario 1075 Bay Street, Suite 605 Toronto, ON M5S 2B1 Tel: 416-325-3377 | Fax: 416-325-3370 [email protected] 1. Applicants: (a) Applicant Number One: Beatrice Olivastri CEO, Friends of the Earth Canada 251 Bank Street, 2nd Floor Ottawa, ON K2P 1X3 Tel: 613-241-0085 [email protected] (b) Applicant Number Two: John Bennett Senior Policy Advisor, Friends of the Earth Canada 251 Bank Street, 2nd Floor Ottawa, ON K2P 1X3 Tel: 613-291-6888 2. Alleged Contraveners: The Alleged Contraveners are the following corporations (“Retailers”) and their directors and officers: Corporation Location of Contravention (1) Canadian Tire Services Limited Canadian Tire #258 (“Canadian Tire”) 2180 Yonge Street, Suite 1800 1820 Merivale Road Toronto, Ontario M4S 2B9 Nepean, ON K2G 1E6 (2) Home Depot of Canada Inc. Home Depot (“Home Depot”) 1 Concorde Gate, Suite 400 1900 Baseline Road Toronto, Ontario M3C 4H9 Ottawa, ON K2C 0C6 (3) Lowe’s Companies, Inc. RONA Home & Garden (“RONA”) 1000 Lowe’s Boulevard 585 West Hunt Club Road Mooresville, NC 28117 USA Nepean, ON K2G 5X6 - 2 - 3. (a) Alleged Contraventions Act: Pesticides Act, RSO 1990, c P.11 Section: ss. 7.1(1), 4(a), and 49(1) and 49(3)(a) Reg.: O. Reg. 63/09 Section: s. 16 (b) Short description of the alleged contraventions In 2017, testing of ornamental flowering plants sold at the Canadian Tire, Home Depot, and RONA stores listed at Section 2, above, revealed residues of five Class 9 pesticides in concentrations above scientific standards of harm.1 Class 9 pesticides are prescribed for the purposes of subsection 7.1(1) of the Pesticides Act (the “Act”)2 in the accompanying Regulation3 and are not permitted for cosmetic purposes.
    [Show full text]
  • Annual Information Form Canadian Tire Corporation, Limited Table of Contents
    CANADIAN TIRE CORPORATION, LIMITED 2012 Annual Information Form February 21, 2013 ANNUAL INFORMATION FORM CANADIAN TIRE CORPORATION, LIMITED TABLE OF CONTENTS 1. Corporate Structure 1 2. Description of the Business 1 2.1 Retail Business 2 2.2 Financial Services Business 10 2.3 Seasonality of the Business 11 2.4 Intangible Properties 12 2.5 Economic Dependence 12 2.6 Lending 13 2.7 Financing of the Business 13 2.8 Risk Factors 13 2.9 Employees 15 2.10 Social and Environmental Policies 15 3. General Development of the Business 16 3.1 Retail Business Developments 16 3.2 Financial Services Business Developments 21 3.3 Other Business Developments 21 4. Capital Structure 23 4.1 Description of Capital Structure 23 4.2 Market for Securities 24 5. Dividends 25 6. Security Ratings 26 7. Transfer Agents and Registrars 27 8. Directors and Officers 27 9. Interests of Experts 32 10. Legal Proceedings and Regulatory Actions 32 11. Additional Information 33 ANNEX A – Audit Committee Mandate and Charter i Certain brands mentioned in this report are the trade-marks of Canadian Tire Corporation, Limited, Mark’s Work Wearhouse Ltd., FGL Sports Ltd. or used under license. Others are the property of their respective owners. CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION This Annual Information Form, and the documents incorporated by reference herein, contain forward-looking information that reflects management’s current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our financial position, results of operation and operating environment.
    [Show full text]
  • Canadian Tire – Centralized Waste Management
    Canadian Tire – Centralized Waste Management October 2014 Since our inception more than 90 years ago, Canadian Tire has grown to become one of Canada’s most recognized and trusted brands. 98% unaided brand awareness and over 90% of Canadians live within 25km of a store One of Canada’s most-shopped general retailers with over 1,700 retail and gasoline outlets Canadian Tire Retail PartSource Petroleum FGL Sports Mark’s Financial Services 498 stores 91 stores 289 gas bars 534 stores 385 stores >4 MM MasterCard accts Profile • General merchandise • Specialty automove • Gasoline retailer • Sporng goods retailer: • Industrial and casual • Canadian Tire-branded retailer – Living, Fixing, stores apparel, footwear and clothing and footwear credit cards, personal Playing and Auto equipment retailer loans, insurance Business Model • Stores are operated by • Majority of stores are • CTC owns the sites • Sport Chek: corporately • Primarily corporate • CTC owns and finances Associate Dealers corporately owned while independent owned and operated; model, some franchises all receivables and operated Agents operate them Sports Experts: franchised Product Environmental Stewardship centralized under CTC to manage stewardship and waste for all business units in 2014. 2 Business Sustainability Strategy Profitably grow the business Energy and Without increasing the net carbon Climate footprint of the economy Business Sustainability Energy and Climate Waste While eliminang unnecessary packaging and send zero waste to landfills Waste Products Products Providing innovave products and services that meet customers’ needs without compromising the ability of future generaons to meet their needs 3 3 CTC’s vision for waste was to move from compliant on environmental sustainability to a collaborative approach of managing waste, with the goal of developing strategic value for CTC.
    [Show full text]
  • Ctc Md&A Q4 2018
    CANADIAN TIRE CORPORATION 2018 REPORT TO SHAREHOLDERS Hockey Stick Artwork, South Edmonton Canadian Tire store Concept by: TAXI Canada, Dave Watson and Stephen Tasker; Construction by: Rhoddy CONTENTS Contents 1 Our Three-Year Financial Aspirations 3 Message from the Chairman of the Board 4 Message from the President and CEO 5 Canadian Tire Corporation Today 7 Preparing Our Customers for the Jobs and Joys of a Lifetime in Canada 9 Our Core Business Is Retail 11 Our Banners 17 Our Owned Brands 19 Our Loyalty Program 21 Our Talent 23 Our Contribution to a Healthy Planet 25 Canadian Tire Jumpstart Charities 27 Management’s Discussion and Analysis and Consolidated Financial Statements Our Three-Year Financial Aspirations (2018–2020) 10%+ CONSOLIDATED AVERAGE ANNUAL DILUTED EPS GROWTH ONE 10%+ RETAIL RETURN ON INVESTED CAPITAL 3%+ CONSOLIDATED COMPARABLE SALES GROWTH OUR THREE - YEAR FINANCIAL ASPIRATIONS NORMALIZED DILUTED EPS (C$)1 11.95 12.00 10.67 11.00 10.00 9.22 9.00 8.00 7.00 6.00 5.00 2016 2017 2018 RETAIL RETURN ON INVESTED CAPITAL (ROIC) (%) TWO 12.0 11.0 10.0 9.2 9.2 9.0 8.3 8.0 7.0 6.0 5.0 2016 2017 2018 CONSOLIDATED COMPARABLE SALES GROWTH (%) 10.0 8.0 6.0 4.7 4.0 2.7 2.2 1. Refer to section 7.1.1 of the Q4 2.0 2018 MD&A for a description of 0.0 normalizing items. 2016 2017 2018 Message from Maureen J. Sabia, Chairman of the Board Dear Shareholders, Canadian Tire holds a unique place in the hearts and minds strategy, its implementation and our accomplishments, as well of Canadians and we do not take our customers’ trust for as any risks that might impact our strategy, are well known.
    [Show full text]
  • REGISTERED STEWARDS (Registered As of 9/3/2013)
    REGISTERED STEWARDS (Registered as of 9/3/2013) PROVINCE / POSTAL REGISTRATION COMPANY NAME ADDRESS LINE 1 ADDRESS LINE 2 CITY STATE CODE / ZIP NUMBER 1000 ISLANDS RV CENTRE INC 409 COUNTY ROAD 2 EAST - GANANOQUE ONTARIO K7G2V4 1001566 2083359 ONTARIO INC 38 COLONEL BERTRAM RD - BRAMPTON ONTARIO L6Z4P3 1005074 2KOOL PERFORMANCE INC 1061 EDWARD STREET - PRESCOTT ONTARIO K0E1T0 1005535 417 NISSAN LTD 1599 STARTOP ROAD - GLOUCESTER ONTARIO K1B5P5 1000004 500 RETREADING INC 55 BLACK ROAD - SAULT STE MARIE ONTARIO P6B0A3 1005323 7227477 CANADA LTD 2737 KEELE STREET SUITE 716 - TORONTO ONTARIO M3M2E9 1005134 725 SPORTS PEFORMANCE 43 D PUTNAM INDUSTRIAL DRIVE - BELLEVILLE ONTARIO K8N4Z6 1005298 A AND D FABRICATING LTD 34 GOLDENGATE COURT 10 - SCARBOROUGH ONTARIO M1P4M8 1005441 A DIVISION OF TOROMONT IND LTD 3131 HIGHWAY 7 WEST - CONCORD ONTARIO L4K1B7 1005280 AC TIRE SALES & SERVICE INC 1264 NAFZIGER RD - BADEN ONTARIO N3A3G8 1001586 ACTION TIRE CENTRE 1145 CARRICK STREET - THUNDER BAY ONTARIO P7B6M3 1001608 ACTION TRALIER SALES INC 2332 DREW ROAD - MISSISSAUGA ONTARIO L5S1B8 1005109 ACTION VAN & TRUCK WORLD 200 HORSMAN ROAD - MONCTON NEW BRUNSWICK E1E0E8 1005731 ADMIRAL DRIVE SYSTEM INC 531 ADMIRAL DRIVE - LONDON ONTARIO N5V4L6 1005073 ADVANCE ENGINEERED PRODUCTS LTD 100 COSTA ROAD - CONCORD ONTARIO L4K1N2 1005484 ADVANCE TRAILER MANUFACTURING 563 MONTEE PRINCIPALE - AZILDA ONTARIO P0M1B0 1001677 ADVANCED TIRE 775512 BLANDFORD ROAD R R 2 - INNERKIP ONTARIO N0J1M0 1005605 ADVANTAGE FARM EQUIPMENT LTD 392 BROADWAY ST - WYOMING ONTARIO N0N1T0
    [Show full text]
  • Dear Valued Customer, I Know That for Many Canadians, the Last Few Days
    Dear valued customer, I know that for many Canadians, the last few days have heightened feelings of concern and uncertainty around COVID-19. Right now, we are focused on how we can continue to serve our communities in this time of need, while also being part of the solution. We have made the decision to close all of our non-essential retail banners across Canada until April 2, 2020. This includes our Mark’s/L’Équipeur, SportChek, Atmosphere, Party City, Pro Hockey Life, National Sports and PartSource stores. Customers can continue to shop across our family of companies online. We know that for many employees, store closures can lead to financial stress – please note that during the closure period our full and part-time employees will be paid. At this time, our Canadian Tire Retail stores will remain open, but with reduced hours. Our Canadian Tire Retail stores are doing everything they can to deliver on the essential products Canadians need. We are committed to doing our best to continue helping you navigate through this challenge, and this includes providing the essential products, while protecting the health and well-being of our employees and customers. Please check with your local Canadian Tire store for updated hours of operation. You can of course shop Canadian Tire online at canadiantire.ca by using our click-and-collect or deliver-to-home options. As online orders increase, it may take us longer than usual to ship your items, and we ask that you try and remain patient with us. If you plan to visit one of our Canadian Tire Retail stores, know that we are continuing to take precautions such as enhanced cleaning of our stores and encouraging strong hygiene practices among our team members.
    [Show full text]
  • The Royal Gazette Index 2016
    The Royal Gazette Gazette royale Fredericton Fredericton New Brunswick Nouveau-Brunswick ISSN 0703-8623 Index 2016 Volume 174 Table of Contents / Table des matières Page Proclamations . 2 Orders in Council / Décrets en conseil . 2 Legislative Assembly / Assemblée législative. 6 Elections NB / Élections Nouveau-Brunswick . 6 Departmental Notices / Avis ministériels. 6 Financial and Consumer Services Commission / Commission des services financiers et des services aux consommateurs . 9 NB Energy and Utilities Board / Commission de l’énergie et des services publics du N.-B. 10 Notices Under Various Acts and General Notices / Avis en vertu de diverses lois et avis divers . 10 Sheriff’s Sales / Ventes par exécution forcée. 11 Notices of Sale / Avis de vente . 11 Regulations / Règlements . 12 Corporate Registry Notices / Avis relatifs au registre corporatif . 13 Business Corporations Act / Loi sur les corporations commerciales . 13 Companies Act / Loi sur les compagnies . 54 Partnerships and Business Names Registration Act / Loi sur l’enregistrement des sociétés en nom collectif et des appellations commerciales . 56 Limited Partnership Act / Loi sur les sociétés en commandite . 89 2016 Index Proclamations Lagacé-Melanson, Micheline—OIC/DC 2016-243—p. 1295 (October 26 octobre) Acts / Lois Saulnier, Daniel—OIC/DC 2016-243—p. 1295 (October 26 octobre) Therrien, Michel—OIC/DC 2016-243—p. 1295 (October 26 octobre) Credit Unions Act, An Act to Amend the / Caisses populaires, Loi modifiant la Loi sur les—OIC/DC 2016-113—p. 837 (July 13 juillet) College of Physicians and Surgeons of New Brunswick / Collège des médecins Energy and Utilities Board Act / Commission de l’énergie et des services et chirurgiens du Nouveau-Brunswick publics, Loi sur la—OIC/DC 2016-48—p.
    [Show full text]
  • CANADIAN TIRE CORPORATION, LIMITED 2015 Annual Information Form
    CANADIAN TIRE CORPORATION, LIMITED 2015 Annual Information Form February 17, 2016 ANNUAL INFORMATION FORM CANADIAN TIRE CORPORATION, LIMITED TABLE OF CONTENTS 1. Corporate Structure 2 2. Description of the Business 3 2.1 Retail Segment 3 2.2 CT REIT Segment 12 2.3 Financial Services Segment 12 2.4 Real Estate Management 13 2.5 Seasonality of the Business 14 2.6 Intangible Properties 14 2.7 Economic Dependence 15 2.8 Lending 15 2.9 Financing of the Business 15 2.10 Risk Factors 15 2.11 Employees 17 2.12 Corporate Citizenship 17 3. General Development of the Business 19 3.1 Retail Business Developments 19 3.2 CT REIT Business Development 25 3.3 Financial Services Business Developments 25 3.4 Other Business Developments 26 4. Capital Structure 28 4.1 Description of Capital Structure 28 4.2 Market for Securities 29 5. Dividends 30 6. Security Ratings 31 7. Transfer Agents and Registrar 31 8. Directors and Officers 32 9. Interests of Experts 36 10. Legal Proceedings and Regulatory Actions 37 11. Additional Information 37 12. Forward Looking Information 37 Annex A - Audit Committee Mandate and Charter i Certain brands mentioned in this report are the trademarks of Canadian Tire Corporation, Limited, Mark’s Work Wearhouse Ltd., FGL Sports Ltd. or used under license. Others are the property of their respective owners. ANNUAL INFORMATION FORM CANADIAN TIRE CORPORATION, LIMITED In this document, the terms “Company” and “CTC” refer to Canadian Tire Corporation, Limited, its predecessor corporations and all entities controlled by it and their collective businesses unless the context otherwise requires.
    [Show full text]
  • February 26, 2010 RECALL RCL10-14 Techtronic Industries, Co
    RECALL RCL10-14 February 26, 2010 Techtronic Industries, Co. Ltd. Recalls Mastercraft 18V Battery Chargers for Cordless Drills Toronto, ON – The Electrical Safety Authority is in a drill kit and a model 54-2772-2 combo kit. The notifying the public that Techtronic Industries, Co. LTD. chargers are black, the name “Mastercraft,” appears on has announced a voluntary recall of the following the front of the charging stand, and “18v” appears in the consumer product. Consumers should stop using recalled charging stand at the bottom of the receptacle for the products immediately. battery stem. One hour versions of the charger are not affected. Name of Product: Mastercraft battery charger model 54- 2973-4, 3 hour 18 V battery charger. Sold by: Canadian Tire Units: Approximately 75,000 chargers were sold in When was distributed: Between 2000 and 2009. Canada. Manufactured in: China Manufacturer/Importer: Techtronic Industries Co., Ltd. Remedy: Techtronic Industries will provide consumers with a replacement charger. Consumers should stop using Hazard: Drill Charger may overheat. the existing charger and contact Techtronic Industries at the number provided below for instructions and Incidents/Injuries: No injuries reported. There have information on having the free replacement charger been incidents where damage to the charger and/or minor shipped to them. property damage occurred. Consumer Contact: Customers should contact Description/Models: The recall involves the Mastercraft Techtronic Industries toll-free at 1-800-597-9624, for model 54-2973-4 battery charger distributed with the further information and a free replacement charger. Mastercraft 18V model 54-2973-4 Drill. Both were sold Charger © Electrical Safety Authority (ESA) is responsible for public electrical safety in Ontario.
    [Show full text]