Does Crappy Tire Lose Money Giving Refunds?

Unregistered said:

Yes lets talk numbers....
"Canadian Tire's flagship retail chain sales grew 5.1% this quarter of 2011"

What is there to dispute? sales grew! So either that's more customers through the door or more dollars per customer......OR BOTH! That is factual, verifiable data proving that customers are spending MORe money at Canadian Tire in 2011. MORE, not less.

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Unregistered said:

Flagship Canadian Tire chain’s retail sales grew 5.1 per cent to $3.01-billion, showing strong consumer confidence despite worries of market chill. The company’s retail at gas bar grew 22.8 per cent, thanks to climbing gasoline prices and new gas stations built along major Ontario highways. Its financial services revenue dropped 2.9 per cent.




Canadian Tire earnings fall in quarter - The Globe and Mail

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Unregistered said:

Thanks for your link, otherwise CT genius would say I lie.

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Unregistered said:

LOL I am the ct genius

Look at what the report says
flagship retail sales up 5%
gas bar up 22.8%

oops, sorry about your luck. yes it's all of those disappearing customers that are causing a retail increase for the red triangle

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Unregistered said:

The Crappy People like to trumpet whatever goods news they can scrape together, and pretend the bad news doesn't exist.

When they say their sales are up 5%, they aren't talking about just Crappy Tire retail.

No, the revenue from Crappy Retail is actually lower, year-over-year, down from $1.609 billion to $1.598 billion, a decrease of 0.7%.

Sales per square foot are also lower year-over-year, down 0.8%.

It's only when they add in sales from the Mark's store, and also from Petroleum, that things look better.

The Financial segment is also down, which up until recently had been helping out with their sagging sales.

http://corp.canadiantire.ca/EN/Investors/FinancialReports/Quartlery Reports Library/CTC_2011_Q2.pdf

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