Crappy Tire's Financial State

Perhaps you should read some business news from earlier this week. See what people REALLY think of Canadian Tire because as you put it, consumers speak with their wallets.
It might shed some light on a comment earlier this week about our strategy in buying Forzani.

LOL Hilarious

Nice Q4 and nice 2011 Canadian Tire
Well Done!

I heard something about the sales in Crappy Tire stores being up a tiny bit, something like 1 or 2 percent.

The rest of the corporation continues to bail out the Crappy Stores, yet again - not really 'news', LOL!

I read that net income fell 1.7%.

And that francise same-store sales fell a full 5%!

Well done, indeed, Crappy Stores!

Owner 1 said:

you should read ....

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Something I wouldn't mind reading is all that "proof" this ACLO person said they already have, showing how Crappy Tire has "the best" battery warranty "in the business" (i.e., among all retailers in the entire country).

In fact, we aren't even sure what "the best" might mean to a Crappy Person like ACLO.

Still waiting!

How many negative equity Dealers are there? over 80 we heard and over 125 Dealers that get paid a salary....almost 40 per cent of the Dealer network is insolvent/bankrupt and the contract renewal is in 2014. Do the shareholders know this? This is a 30.00 share not 65.00 stock. Does the OSC know this?

DBRS Downgrades Canadian Tire to BBB (high) and R-2 (high), Stable Trends, Following the Acquisition of Forzani Group Ltd.

CTshareholder said:

How many negative equity Dealers are there? over 80 we heard and over 125 Dealers that get paid a salary....almost 40 per cent of the Dealer network is insolvent/bankrupt and the contract renewal is in 2014. Do the shareholders know this? This is a 30.00 share not 65.00 stock. Does the OSC know this?

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Interesting. So, which dealers are they, that have negative equity?

And what does it mean if the dealers "get paid a salary" - you mean they aren't all multi-millionaires, like the Crappy People keep saying here?

Angry CT Guy said:

Yayyyy! A thief got killed. One less loser in the world.

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This is probably the best Angry CT Guy quote, ever!

A Crappy Person displaying actual happiness, over the death of another human being.

Very nice indeed!

So you'd rather me post over here? Really it doesn't change the numbers, just so you know haha

Profit and revenue are still up in Canadian Tire, Marks, Forzani, Petroleum and Financial.
Posting in this thread also doesn't change the fact that the two major competitors that have posted so far (with one more tomorrow) both took it on the chin....or worse took it somewhere else. Either way, they failed. They lost money. I wonder how that rising tide just seemed to elude some of our competition. So many things to ponder.

Hey while we're at it, here's some good news stories for you to peruse.

Lowe’s Closes 20 Stores, Cuts 1,950 Jobs - ABC News
Rona believes it's doing it right by closing stores - Winnipeg Free Press

Good job North and south of the border!

Owner 1 said:

here's some good news stories for you to peruse.

Lowe’s Closes 20 Stores, Cuts 1,950 Jobs - ABC News

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Moaner sure does seem to be confused about which side of the border they operate on, LOL!

But when someone brings up the devastating results of their last venture into the fierce US market, the start whining about how it's an unfair comparison! What a hypoctite!

Owner 1 said:

Rona believes it's doing it right by closing stores - Winnipeg Free Press

Good job North and south of the border!

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Moaner gave a sarcastic "Good Job" to this headline, apparently just because the title says "Closing Stores", but without bothering to actually read the story.

So typical of the lazy and misleading Moaner.

Take a look. Yes, 10 stores will close. But 25 will be opened in their place - hardly a net reduction, LOL!

Sure, they'll be smaller stores, but that's a deliberate marketing strategy. Net expected job loss: zero.

Net expected revenue change? A $40 billion INCREASE by 2014!

Oh, so how were Rona sales, compared to a year ago? Mr. Moaner says they "took it on the chin", so sales must be down, right? Actually, "sales rose 2.6%" (which is almost as much as Crappy Tire - and they did it without systematically cheating customers on return policies!)

Shame on you, Moaner, for trying to deceive consumers on this story!

Great job, Rona! Thanks for giving us a Canadian alternative to Crappy Tire for hardware!

Golly, check it OUT!

Canadian Tire to shut 115 FGL stores | Money | Toronto Sun

For a second there, I got all excited, thinking they were closing actual Crappy Tire "Red Triangle of Crap" stores.

But alas, they'll only be closing some crappy sports store that the 'geniuses' at CT bought, a while back (and took on a billion in debt in the bargain, LOL!)

I guess I should 'forget' to mention anything about the new stores they plan to open, the way The Moaner forgot all about the 25 new, smaller Rona stores, LOL!

(But unlike the Rona move, there will be a net LOSS of stores, staff, etc. LMAO!)

I gotta love Crappy Tires "Super-Duper Expansion Plan".

Step 1: Ignore Target's example of refusing to buy under-performing stores.
Step 2: Buy 150 under-performing stores.
Step 3: Close 150 under-performing stores.
Step 4: Tell the world about your awesome "Expansion Plan"!

LMAO!

No estimate yet on what it cost Crappy Tire to buy these 150 underperforming stores.

But the estimate to sell them?

$26 Million!

LMAO!

Despite their on-going practice of denying reasonable returns, sales growth at the Crappy Tire stores are up only a crappy 1%, LMAO!

You'd think that by keeping more of their customers' money locked up in the tills, they'd at least show a healthy profit from their deceptive practices.

"Retail sales at its namesake Canadian Tire stores were up one per cent ..."

And don't be fooled by the picture of a Crappy Tire store in the article. The only thing that saved their butts were the businesses they've bought out (like Marks, and Sport Chek" - store that they haven't yet managed to run into the ground, LOL!). And probably their credit cards and gas stations (as in other quarters). Yes, the Business units that the public don't usually see, and don't associate with Crappy Tire, are the ones that keep them afloat.

Actually, I'm encouraged by this trend. Their 'namesake' stores can gradually fade away, as the corporation diverges into other areas, and consumers will be safer in the long-run. I like that idea!

Canadian Tire revenue up 16% - Business - CBC News

Congratulations, "Red Triangle of Crap" stores!

"Retail sales at Canadian Tire Retail (CTR) increased 0.3% and same store sales declined by 0.2% in the quarter. Canadian Tire saw strong growth in key categories such as backyard living, outdoor recreation and kitchen as a result of increased marketing efforts and new assortments. The increase was partially offset by decreases in categories that were de-emphasized such as electronics, home décor and household cleaning. Continued softness in the automotive market contributed to a decline in auto service and related parts sales in the quarter."

You must all be SO proud of your "spectacular" 0.3% boost to sales!

Good thing you borrowed all that money to buy over-priced Forzani, to show you how a store ought to be run.

I'm sure Moaner 1 will be along soon to tell us all why this is all actually GREAT news!

LMFAO!

Be sure and read more "great news" here:

http://corp.canadiantire.ca/EN/Investors/FinancialReports/Documents/2012 Q3 Earnings Release.pdf

It's not closley related to what goes on in their crappy Red Triangle stores, but CTC also boosted its dividend almost 17%, presumably to make their stock more attractive. Yet the crappy shares (TSX:CTC.A) still fell $1.76 to $69.40.

Qarterly net earnings fell to $131.4-million or $1.61 per diluted share, compared with $136.5-million or $1.67 per diluted share a year ago.

Read more: http://www.ottawacitizen.com/busines...#ixzz2Bfk2RpS1

You flip flop like crazy depending on the particular news

last quarter the success was in your words due to Forzani. This time it's overpriced again LOL
Which is it?


Surely not the Corporations best quarter, a mere $131 million profit. Of course we want it to be better and auto to perform better. Good thing business is measured as a whole, as in auto, housewares, seasonal, sports and tools.

There's one important factor you forget each quarter, this is ONLY the Corporations profit. Add to that hundreds of thousands of dollars per dealer across the Country. Just sayin....



I am also quite intrigued by the information related to Rememberance Day. Although none of what you're doing is actually posted here, it's all posted on a FaceBook because well your site here has no visitors or participants, that's a sidebar.
I went to HOme Depot Canada website and what's on the front page, Christmas Trees. Interesting
Walmart.ca - pages all decorated with Christmas decorations.

Then I got to thinking. This is the first time I have ever seen people this upset about Rememberance Day and how it relates to Christmas retailing. So I bounce it off some of my Dealer friends. An interesting point came out. ALberta is under 2 feet of snow right now and has been for a week. How do you safely hang Christmas lights in such poor conditions? Is an early start to the season THAT bad?

Of course on a much brighter note of major Canadian Retailers...


Rona president-CEO stepping down after 20 years | CTV News