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Canadian Tire Corporation Reports First Quarter 2020 Results
Canadian Tire Corporation Reports First Quarter 2020 Results Canada NewsWire TOR...
About this update from Canadian Tire Corporation, Limited
[{"type":"text","content":"\n\n\n\nCanadian Tire Corporation Reports First Quarter 2020 Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 7, 2020\n\n\n\nStrong retail fundamentals and eCommerce growth underlie performance in the quarter\nCompany well-positioned to compete for the long-term\n TORONTO, May 7, 2020 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC, TSX: CTC.A) today released its first quarter results for the period ended March 28, 2020.\n\"A company's true values take over at a time like this. For CTC, this means being there for Canadians no matter what challenges they face. For close to a century, we have risen to the challenge of an ever-changing retail landscape and this time will be no different. We are a resilient Company, built on a unique business model, supported by a strong Associate Dealer network, a multi-category assortment, our iconic Triangle Loyalty program and a proven Financial Services business,\" said Greg Hicks, President and CEO, Canadian Tire Corporation. \"I am incredibly proud of how quickly we adapted and all that we have accomplished over the past several weeks, including the contributions of our Associate Dealers and our brave frontline workers.\"\n\"To date we have seen a quantum leap in our eCommerce performance across all of our banners and we have accelerated our planned investments in our digital capabilities to meet our customers' increased desire to shop online. I am very encouraged by early results in the second quarter, and I am confident that we will continue to successfully operate in this new normal and excel over the long-term,\" continued Hicks. \nHIGHLIGHTS\nCTC remains focused on the safety of its customers and employees, demonstrating operational strength, resiliency and agility while navigating the COVID-19 crisis: Implemented significant safety measures, including installing plexiglass cashier shields and floor decals, enhancing store cleaning procedures, reducing hours at Canadian Tire stores, introducing Curbside Pick Up and closing non-essential banners Intro...