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Canadian Tire Corporation Temporarily Pauses Helly Hansen Operations in Russia
Canadian Tire Corporation Temporarily Pauses Helly Hansen Operations in Russia ...
About this update from Canadian Tire Corporation, Limited
[{"type":"text","content":"\n \n \n \n Canadian Tire Corporation Temporarily Pauses Helly Hansen Operations in Russia\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n March 4, 2022\n \n /CNW/ - Today, Canadian Tire Corporation (CTC) (TSX: CTC.A) (TSX: CTC) announced it will temporarily pause its Helly Hansen operations in\n \n Russia\n \n , which include its retail stores, eCommerce site and product shipments. The conflict between\n \n Russia\n \n and\n \n Ukraine\n \n is tragic and deeply concerning and CTC's priority will continue to be protecting the safety and well-being of its employees. During this temporary pause in operations, store employees will continue to be paid and supported and the Company will continue to honour its commercial obligations.\n \n \n Helly Hansen operates 41 retail locations and employs over 300 people in\n \n Russia\n \n . The situation is extremely critical and fast moving. CTC is dedicated to navigating through this reality with the best interests of its people as its highest priority.\n \n \n CTC is committed to helping those impacted by the conflict in\n \n Ukraine\n \n and has made a\n \n $200,000\n \n donation to the Red Cross' Ukraine Humanitarian Crisis Appeal. The Company is also committing up to\n \n $500,000\n \n in support of the thousands of Ukrainian refugees who will be arriving in\n \n Canada\n \n . In addition, CTC's retail locations across the country will be collecting donations for the Red Cross' Ukraine Humanitarian Crisis Appeal.\n \n \n \n About Canadian Tire Corporation\n \n \n \n Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or \"CTC\", is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in\n \n Canada\n \n across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark'...