Canadian Tire Corp. Ltd. reported its fourth-quarter profit and sales were up compared with year ago.
Canadian Tire Corp. Ltd. capped its centennial year with strong growth in its automotive business as demand for auto parts and service helped offset softer spending on non-essential items, the company said Thursday.
At its Canadian Tire chain, comparable sales were flat in the quarter compared with the prior year as a sharp spending pullback on non-essential items like bikes and kayaks was tempered by strong automotive parts sales and service. TJ Flood, president of the Canadian Tire retail store, said the chain is investing in new technology to"modernize the auto service experience for customers."
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