Lighter Winter Season is Destroying Canadian Tire

[DesRicardo]

Canadian Tire poised for long-term growth amid profit decline in Q4: analyst - BNN Bloomberg

One analyst says that as Canadian Tire faces volatility, he sees longer-term growth for the business following fourth-quarter earnings marked by declines in profit and revenue.

www.bnnbloomberg.ca

Canadian Tire reported $172.5 million in profit attributable to shareholders, around a 68-per-cent decline from $531.9 million a year earlier. Revenue came in at $4.44 billion, down from $5.34 billion the previous year.

 

[Carvher]

The fact they completely reorganize the stores every 2 years doesn't help.
Just when you know where everything is, they move it all around. They seem to do it just for the sense of doing it. There is no logical rhyme or reason to it. One near my house just moved everything on the left side of the store to the right and vica versa (except for the auto and kitchen appliances).
Easier to order off Amazon than go there, spend 10 minutes looking for shit, then asking some 16 year old kid who may not know and then they ask somebody else, etc. Another thing about C.T. is their online inventory isn't accurate. You go there thinking it's in stock and it's not or they can't find it.

 

[DesRicardo]

I actually like the CT app and find it accurate. Maybe it about location.

There stores need work, but this is a sign of things to come. MOney isn't being generated in retail. They can only blame it on theft for so long.

 

[xmontrealer]

I actually like the CT app and find it accurate. Maybe it about location.

There stores need work, but this is a sign of things to come. MOney isn't being generated in retail. They can only blame it on theft for so long.

Yup. When I go to Canadian Tire and start looking for a small bush in the giant dense forest, the Canadian Tire phone app helps me locate it by aisle number. From that point on I can handle it...

 

[Ponderling]

Mostly it is higher than recent past interest rates.

Lots of families in early steps of property ladder would be buying all sorts of CTC stuff.
But now the biggest focus is paying the mortgage, praying the existing car does not need any big repairs, and keep the kids fed.