Canadian Tire to launch trial run of home delivery this year, CEO says

TORONTO — Canadian Tire will launch a trial run with home delivery at the end of this year, its CEO said Thursday in what is likely a response to the rising threat posed from competitors such as Walmart and Amazon.

The move marks a reversal for the national retailer, which for years had expressed no interest in home delivery, saying there was no need to offer it when 90 per cent of the country’s population lives within 15 minutes of one of its stores.

“It’s a big move,” Canadian Tire CEO Stephen Wetmore said in an interview Thursday following the company’s annual general meeting and latest earnings release.

Details are scant. Wetmore said the company needs to pick a market, decide on how many of its nearly 500 stores will participate and which products will be eligible for home delivery.

The trial run will be assessed to determine whether home delivery should be rolled out across the country.

“It’s really complex with CTR (Canadian Tire retail),” he said.

About 100 Canadian Tire stores across the country already offer limited delivery on a small number of products. Delivery is also already available at nearly all of Canadian Tire’s other retail banners, including Mark’s, Pro Hockey Life and Sport Chek.

Canadian Tire has also offered a pay-and-pickup option since it rolled out its e-commerce website in 2014.

The retailer is likely feeling the squeeze from the likes of Walmart Canada and Amazon, which offer same-day and sometimes free delivery.

Wetmore recently returned as the head of the company in July, replacing Michael Medline, who had been in the top job for less than two years. Since his return, Wetmore’s focus has been on improving Canadian Tire’s e-commerce and data analytics strategy.

He said Canadian Tire has been in recent talks with retailers, primarily in Europe, to sell its private brands including home decor lines such as Noma and Canvas.

The company isn’t eyeing any international expansion with its store banners at this point, Wetmore said, but it is open to more mergers and acquisitions abroad.

On Wednesday, Canadian Tire announced it purchased Padinox, the company that owns the Canadian rights to the Paderno kitchenware brand, for an undisclosed amount.

Earlier Thursday, Canadian Tire reported that its profit jumped 26 per cent in its latest quarter to $107.9 million, or $1.24 per share, for the 13-week period ended April 1. That compares with $85.6 million, or 90 cents per share, for the same period a year earlier.

Its revenue climbed 7.6 per cent to $2.75 billion.

The improvement came despite warmer weather in January and February that hurt sales in outerwear, accessories and boots and a cold start to spring that took a bite out of sales in bicycles, running shoes and casual clothing, the company said.

Its shares were down 5.4 per cent in late afternoon trading on the S&P/TSX composite index, trading at $157.32.

Just Posted

Accused murderer tells all to Mr. Big undercover officer

Joshua Frank tells undercover police officer he shot the Klaus family

Central Alberta Child Advocacy Centre prepares to open

Non-profit will run the facility and agencies will provide staff

A slow economic recovery isn’t yet loosening Central Alberta’s tight job market

Job-seekers at Red Deer fair say there are still few openings

Rocky Mountain House man arrested for child luring

A 30-year-old Rocky Mountain House man was arrested after allegedly having explicit… Continue reading

Parkinson association will close offices but maintain services

Offices closing in Red Deer, Medicine Hat and Lethbridge

WATCH: Central Middle School students’ Christmas tree

A group of Central Middle School students are set to show off… Continue reading

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Semi collides with vehicle on Highway 2 north of Ponoka

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

After 70 years, Red Deer veteran still remembers his traumatic war experience

Frank Krepps feels lucky to have survived the Second World War

Merritt Mountie charged with assault

Charges are in relation to an incident in May at the detachment, B.C. Prosecution Service said

Blackfalds RCMP arrest “armed and dangerous” man

A 38-year-old man, who police identified as armed and dangerous, was arrested… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month