All Canadian Tire articles
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News briefsHelly Hansen sales rose by 7.1 percent in 2023
Helly Hansen, the Norwegian brand owned by Canadian Tire, generated C$837.2 million (€576.2m) in 2023 sales versus C$781.9 million in 2022. In the final quarter, the business suffered a 9.3 percent sales decline to C$274.0 million (€188.6m) against C$301.8 million due to the timing of shipments as more fall/winter products ...
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News briefsHelly Hansen generates strong wholesale, ecomm sales for Canadian Tire
Third quarter sales for Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, rose 28.2 percent to Canadian $219.2 million (€148.7m) from C$148.7 million. Sales outside of Canada increased by 32 percent to C$199.1 million (€135.1m) from C$150.9 million. Nine-month brand sales were C$563.2 million (€382.1m), with 92 percent ...
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News briefsHelly Hansen sales dip in Q2
Canadian Tire, which owns the Norwegian outdoor brand Helly Hansen, reported a 2.9 percent decline in Q2 revenues for Helly Hansen to C$135.6 million (€92.8m) from C$139.6 million for the period ended June 30. The company cited the timing of wholesale shipments for the sales drop. In Norwegian kroner, Q2 ...
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News briefsHelly Hansen sales rise by double-digits in Q1
Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, generated a 22.9 percent increase in Q1 revenues to C$208.4 million (€150.6m) compared to C$169.6 million in Q1 2022. In Norwegian kroner, sales were NOK 1,576.3 million versus NOK 1,185.1 million for the period that ended March 31. The company ...
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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 revenues increase by 21% in 2022
Annual revenues for Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, were C$781.2 million (€571.1m) versus C$644.9 million. An estimated 91 percent of Helly Hansen’s sales total, or C$710.7 million (€519.6m), was generated in markets outside of Canada. That represented a 20 percent year-over-year increase. Meanwhile, Canadian Tire ...
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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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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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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 ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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News briefsHelly Hansen maintains sales momentum, Canadian Tire’s e-commerce soars
Helly Hansen ’s revenues for the first quarter ended April 3 increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at the roughly same pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian ...
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ArticleCanadian Tire’s retail business grows in Q3 thanks to online, Helly Hansen recovers
Sales of Helly Hansen , the Norwegian manufacturer of outdoor apparel and workwear, which has been owned by Canadian Tire since 2018, decreased in Q3 by 3 percent from 159.5 million to 155.4 million Canadian dollars, a strong sequential improvement after the 21 percent decline in the second quarter. ...
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ArticleCurrency headwinds weigh on Helly Hansen’s results
Helly Hansen ’s revenues for the second quarter fell by 21.0 percent to 68.9 million Canadian dollars (€44.1m-$52.1m), weighed down by store closures and foreign-currency-headwinds. In constant currencies, they fell by 12.6 percent. Most wholesale customers were closed across the globe in the quarter, as were distribution centers and ...
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News briefs
Canadian Tire announces new executive appointments
Canadian Tire (CTC), the Canadian retail company operating in the automotive, hardware, sports, leisure and housewares sectors, named Susan O’Brien , formerly SVP of marketing, chief brand and customer officer. She will oversee all aspects of CTC’s brands, aligning the curation of the entire customer experience across all channels ...
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News briefsFlat sales at Helly Hansen
Canadian Tire Corp. reports that Helly Hansen booked a 7.3 percent sales decline in the first quarter ended on March 28, largely due to the sharp decline of the Norwegian kroner against the U.S. dollar, which led to a foreign currency loss of $7.0 million for the Canadian ...
