Retail sales up

Canadian Tire Retail achieved sales of C $ 1.268 bn, which amounts to an increase of 4 per cent on the same period last year. A sales increase of 2.5 per cent is revealed in like-for-like terms. Pre-tax profit declined by 16.7 per cent to C $ 32.7 mio. For the group as a whole Canadian Tire announces sales down by 2.7 per cent to C $ 1.79 bn for the third quarter, which is mainly attributable to a fall in the petrol station business (-21 per cent) and to declining sales at Mark’s Work Warehouse (-2.3 per cent).