Page 7 of 8 First ... 5678 Last
Results 61 to 70 of 71

Thread: Does Crappy Tire Lose Money Giving Refunds?

  1. #61
    Posted by an unregistered user Guest-0539's Avatar
    Join Date
    Jan 2008
    Posts
    29
    Rep Power
    0

    Smile Re: Does Crappy Tire Lose Money Giving Refunds?

    Quote Originally Posted by Unregistered View Post
    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.
    " The increase was due to higher revenues at its gas stations " This is a statement of an article posted on August 11, 2011 in the website busiiness.financialpost.com.

    Most important, the EPS drop 14%, with sales grew 5.1 %.

    Financial Post was not try to dispute with you, they just post the facts.

  2. #62
    Posted by an unregistered user CT Me / Lawguy's Avatar
    Join Date
    Sep 2010
    Posts
    494
    Rep Power
    0

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Flagship Canadian Tire chainís retail sales grew 5.1 per cent to $3.01-billion, showing strong consumer confidence despite worries of market chill. The companyís 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

  3. #63

    Re: Does Crappy Tire Lose Money Giving Refunds?

    I wonder how much of the 5% increase in sales was for defective products? If Crappy Tire refused to provide refunds or even just an exchange, that would have helped their profits.

  4. #64
    Posted by an unregistered user Guest-0539's Avatar
    Join Date
    Jan 2008
    Posts
    29
    Rep Power
    0

    Smile Re: Does Crappy Tire Lose Money Giving Refunds?

    Quote Originally Posted by Unregistered View Post
    Flagship Canadian Tire chainís retail sales grew 5.1 per cent to $3.01-billion, showing strong consumer confidence despite worries of market chill. The companyís 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
    Thanks for your link, otherwise CT genius would say I lie.

  5. #65
    Posted by an unregistered user CT Me / Lawguy's Avatar
    Join Date
    Sep 2010
    Posts
    494
    Rep Power
    0

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Quote Originally Posted by Unregistered View Post
    Thanks for your link, otherwise CT genius would say I lie.
    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

  6. #66
    Posted by an unregistered user Guest-0539's Avatar
    Join Date
    Jan 2008
    Posts
    29
    Rep Power
    0

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Quote Originally Posted by Unregistered View Post
    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
    Yes, I am not lucky, need to explain to an idiot who cannot read the whole sentence.

    " The companyís 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. "

    Crude oil is increased by $1.22 to $ 85.68 to-day. the gasoline price will go up too, CT's gas bar will go up as well, and CT's sales may also go up, But your profit is Down.

  7. #67
    Posted by an unregistered user CT Me / Lawguy's Avatar
    Join Date
    Sep 2010
    Posts
    494
    Rep Power
    0

    Re: Does Crappy Tire Lose Money Giving Refunds?

    No........ the original claim one of you haters was that CT's retail was only up because of petroleum sales

    That is false

    Yes we are aware corporate profit declined...on expenditures related to Forzani purchase and winter marketing programs

    You're still dodging the whole point of what was brought up. That claim was that customer complaints are increasing and that we were doomed to fail soon. Increase at CT retail stores (not gas bars) proves that we must be increasing either in customers through the door, sales per customer or both.

    hardly a failing company

  8. #68

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Year-over-year sales in the Crappy Stores is actually down, this quarter (if you exclude Mark's and Petrol).

    Yes, there are either fewer customers through the door than last year, or those customers are spending less.

    Only by including sales at Mark's stores and the gas stations do things look better than a year ago.

    The Crappy People can't even read their own financial statements.

    Here's a quick lesson for them:

    Quote Originally Posted by Unregistered View Post
    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/Inves...TC_2011_Q2.pdf

  9. #69
    Senior Member CTH8R's Avatar
    Join Date
    Jun 2011
    Posts
    5,320
    Blog Entries
    1
    Rep Power
    16

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Well, this is a refreshing about-face!

    We finally have a CTer who is willing to admit that, yes, giving refunds for unsatisfactory or unwanted merchantise does indeed cost a company money!

    https://www.canadiantiresucks.net/ge...html#post10937

    In fact, the CT'er made a really huge deal, about how the 'abuse' of return polices costs companies money, which then "ruins it for the rest of consumers".

    Thanks so much, Angry-Sangria-Guy, for finally confirming what consumers have been saying for years!

  10. #70

    Re: Does Crappy Tire Lose Money Giving Refunds?

    Yes, it is quite a stunning admission ... Like Rob Ford saying he smoked crack, LOL.
    Last edited by CT Challenger; December 4th, 2013 at 10:49 AM.

Page 7 of 8 First ... 5678 Last

Similar Threads

  1. I SUED CANADIAN TIRE AND I HAD MY MONEY BACK - 3516 8th ave NE Calgary
    By gory in forum Location Specific Store Complaints / Chat
    Replies: 2
    Last Post: March 30th, 2017, 03:43 AM
  2. Crappy Tire is a Dinosaur Store
    By Pablo in forum Personal Stories
    Replies: 15
    Last Post: June 4th, 2012, 06:45 PM
  3. Crappy Tire Boycott
    By MikeChablis in forum General Canadian Tire Complaints / Chat
    Replies: 31
    Last Post: August 3rd, 2011, 11:47 AM
  4. Replies: 0
    Last Post: February 24th, 2010, 07:30 AM
  5. That Money
    By Filthy The Dog in forum Personal Stories
    Replies: 2
    Last Post: October 22nd, 2008, 08:12 PM

Tags for this Thread

Posting Permissions