Canadian Tire closing all National Sports stores as revenues rise

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Canadian Tire Corp. Ltd. says it’s closing all National Sports stores to reduce overlap in the company’s sporting goods assortment after an internal evaluation.

Source: BNNBloomberg.ca – video report

Date: Feb 18, 2021

Link: https://ampvideo.bnnbloomberg.ca/canadian-tire-closing-all-national-sports-stores-as-revenues-rise-1.1565278

Questions for discussion:

  • Summarize the situation at Canadian Tire and the financial results reported.
  • Why do you think the retailer managed to do as well as it did during the past year?
  • Do you think the stock is a good investment at this time?

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