Canadian Tire posts record quarterly profit

Article Abstract:

Canadian Tire Corporation Ltd., a Toronto, Ontario-based retailer, has posted a record quarterly profit of C$49.9 million during the third quarter ended Oct. 3, 1998. The company's profit grew from C$44.5 million during the same period in 1997. Sales also rose to C$1.1 billion during the quarter, from C$1 billion in the same period a year earlier. The good performance was brought by strong retail sales, specially from the company's newly refurbished stores, and more shipments of goods to associate dealers. Canadian Tire Corp have 429 hardware, sporting goods and automotive stores, with 34 stores opened in 1998. The remodelled stores, meanwhile, are larger and better laid out compared to its previous stores.

Comment:

Posts a record quarterly profit of C$49.9 mil during the third quarter ended 10/3/98, from C$44.5 mil in same quarter in 1997

Ontario, Tire, Battery & Accesory Stores, Automotive Parts and Accessories Stores, Automotive parts stores, Canadian Tire Corporation Ltd., Article

---

Former White Rose head's allowance cut off

Article Abstract:

White Rose Crafts and Nursery Sales Ltd of Unionville, Ontarion, has announced that it is cuting off the retirement package of former chairman and president Dean Groussman at least while the retail chair is under bankruptcy protection. Groussman was hired in 1995 to revive the ailing retail chain of 42 stores, but retired in Nov 1998 after the store continued to struggle financially.

United States, Nurseries & Garden Supplies, Nursery and Garden Centers, Garden centers (Retail), White Rose Crafts and Nursery Sales Ltd.

---

Forzani on the rebound after sizzling third quarter

Article Abstract:

The Forzani Group Ltd., Canada-based sports goods retailer, is enjoying 83 percent growth in profits in the third quarter of 2006. The company has been emphasizing on brands and carrying more high-profile clothing lines.

MISCELLANEOUS RETAIL, HOME FURNITURE, FURNISHINGS, AND EQUIPMENT STORES, Canada, Company sales and earnings, Company earnings/profit, Specialty stores, Forzani Group Ltd.

Similar abstracts:

• Abstracts: Investors Group posts record profit. Merger of TD, CT will create no.3 mutual fund firm
• Abstracts: Investors Group posts record profit. Cineplex sees past the big picture
• Abstracts: Scotiabank caps Big Five reports with record $780-million profit: CEO eyeing international acquisitions
• Abstracts: Moore wins U.S. medical forms contract. Five reasons why the Gap fell out of fashion. Two more plants to close in pork industry shakeup
• Abstracts: Magna posts record annual sales. Husky Injection agreed to pay $30-million dividend before IPO. More misery for embattled Ford

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.