All Canadian Tire Corporation articles
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ArticleCanadian Tire to acquire Hudson’s Bay brand assets
The Canadian retail group will take over the brand portfolio of its historic competitor, including its iconic coat of arms and signature stripes.
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News briefsCanadian Tire names Matt Moore EVP, Chief Commercial Officer
The group appointed the retail veteran to lead customer strategy and strengthen its loyalty program.
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ArticleS&P: Outlook for Kontoor Brands has turned negative following acquisition of Helly Hansen
S&P Global revises the group’s outlook to negative after the $700m buyout, citing leverage concerns and execution risks.
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ArticleCanadian Tire unveils ‘True North’ strategy
The sale of Helly Hansen was just the beginning of a new strategy that the Canadian company is pursuing to streamline its portfolio and refocus on its core retail business.
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News briefsCanadian Tire posts strong Q4; Helly Hansen revenue surges
The Canadian group reported strong financial results for the fourth quarter of 2024, with notable growth in its sporting goods segment and a significant revenue increase for Helly Hansen.
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News briefsHelly Hansen’s parent company names new CFO
Darren Myers succeeds Gregory Craig as the new CFO of Canadian Tire.
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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News briefsHelly Hansen’s Q3 sales growth paced by North America, Sport Chek with some category softness
Helly Hansen, the Norwegian ski and outdoor brand owned by Canadian Tire, generated an 8.4 percent sales increase to C$170.9 million (€130.0m) against C$157.6 million for the three months ended Sept. 30. Helly Hansen’s nine-month sales are up 21.7 percent to C$480.1 million (€365.2m) from C$394.5 million with growth across ...
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ArticleCanadian Tire’s SportChek, Helly Hansen make key gains in Q2
Canadian Tire’s SportChek and Helly Hansen business units made strides in a period where the national retailer generated a 9.9 percent overall retail sales growth to 5,363.8 million Canadian dollars (€3.95b) and an Ebit decline of 41 percent to C$123.8 million (€10.2m) from C$208.6 million. At SportChek, which ended the ...
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News briefsHelly Hansen pauses Russian ops; Q1 sales up 24 percent
Helly Hansen has “temporarily paused” its operations in Russia due to the war in Ukraine, the company’s publicly traded parent Canadian Tire Corporation (CTC) has announced in a filing. The outdoor brand’s business in Russia consists of 41 retail stores and an e-commerce site, employing more than 300 total. CTC ...
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News briefsHelly Hansen revenues rose 24 percent outside Canada last year
Helly Hansen, the Norwegian sportswear and workwear company, acquired in July 2018 for CA$ 985 million (€707.7m) by Toronto-based Canadian Tire Corp., generated a 19 percent increase in total revenues to CA$ 644.8 million (€435.2m) for the 12 months ended Jan. 1. Helly Hansen sales outside of Canada increased 20 ...
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ArticleCanadian Tire Corp. unveils CA$3.4 billion investment strategy designed to bolster omnichannel capabilities
In March, at its Investor Day, Toronto-based Canadian Tire Corporation (CTC) announced a significant investment of CA$3.4 billion over four years to create an enhanced omnichannel customer experience. CTC’s strategic growth plan impacts multiple aspects of the group’s business, mainly in Canada, and builds on the company’s brand trust and ...
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ArticleCanadian Tire beats sales estimates in Q4 as consumers splurge on sports goods
Toronto-based Canadian Tire Corporation (CTC) reported better-than-expected fourth-quarter revenue, driven by a surge in spending on sporting goods, garden equipment and home decor during the Christmas season, along with higher fuel prices at its petrol stations. The company, which owns the Norwegian outdoor brand Helly Hansen, said total revenue for ...
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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News briefsCanadian Tire says it defies supply chain issues
Global supply chain problems won’t leave Canadian Tire Corp. Ltd.’s shelves empty this holiday season, the company said in releasing its third-quarter numbers. While material and semiconductor shortages, Covid-19 factory closures and port backlogs are hampering many companies, Canadian Tire’s CEO Greg Hicks said his company’s supply chain is prepared ...
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News briefsHelly Hansen up 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to CA$95.1 million (€64.7m-$76m), up from CA$64.7 million in the comparable period ...
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News briefs
Helly Hansen CEO to step down
When the Norwegian outdoor brand was successfully integrated into Canadian Tire Corporation (CTC), which it was acquired by in May 2018, Helly Hansen’s CEO, Paul Stoneham, committed at that time to lead the brand for another three years. Stoneham was appointed CEO by former Helly Hansen owner Ontario Teachers’ Pension ...
