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Canadian Tire closing all National Sports stores amid higher-than-expected revenues

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. The decision to close all 18 of the retail stores across southern Ontario came as the company reported its fourth-quarter profit and revenue both rose significantly compared with a year ago. "This has been a difficult decision, particularly due to its impact on people," Gregory Craig, the company's chief financial officer, told investors on a conference call Thursday. "We're making every effort to place affected employees within our family of companies." The company operates multiple brands including Canadian Tire, Mark's, SportChek, Atmosphere, Sports Experts and Pro Hockey Life. Greg Hicks, president and CEO of Canadian Tire Corp., told investors that the company's fourth-quarter results were "nothing short of phenomenal" and that its full-year results were strong de

Retail frenzy as restrictions eased

Winnipeg Free Press Last Modified: 7:19 PM CST Saturday, Jan. 23, 2021 | Updates A line of customers snakes around the corner at IKEA Saturday on the first day of eased shopping restrictions in the province. (Daniel Crump / Winnipeg Free Press) Hundreds of Winnipeggers lined up outside multiple retailers across the city, with one shopper bellowing triumphantly: “It doesn’t even feel like a pandemic anymore it’s Boxing Day 2.0!” Winnipeg Free Press Hundreds of Winnipeggers lined up outside multiple retailers across the city, with one shopper bellowing triumphantly: It doesn’t even feel like a pandemic anymore it’s Boxing Day 2.0! As the province eased public-health orders to allow the sale of non-essential items this weekend, parking lots filled up quickly Saturday morning.

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