Canadian Tire reveals growth

Canadian Tire succeeded in increasing retail sales in 2005 over the previous year by 5.1 per cent to CDN $ 6.855 bn (€ 4.984 bn), or 3.0 per cent in comparable store terms. Pre-tax earnings amount to CDN $ 290.2 mio (€ 211 mio), which indicates an increase of 6.8 per cent. At the end of the year Canadian Tire had a total of 462 stores. Following 17 new openings and 11 retrofittings, the number of Concept 20/20 stores went up to 53. The group's combined floorspace amounted to 1.374 m². Canadian Tire announced retail sales growth of 7.1 per cent to CDN $ 2.065 bn (€ 1.502 bn) in the fourth quarter, and same-store growth of 5.1 per cent.