Description: Canadian Tire Corp. posted a 17-percent rise in quarterly profit. This was driven by strong sales of outdoor equipment, casual clothing and sports footwear. However, despite the positive numbers, Mark McQueen, CEO Wellington Financial, feels that Canadian Tire needs to invest in its stores and update its look and feel.

Source: BNN

Date: Feb 13, 2014

Link: http://www.bnn.ca/News/2014/2/13/Canadian-Tire-profit-jumps-17-on-strong-equipment-clothing-sales.aspx

Questions for Discussion:

1. Given the dismal sales for Sears and Target, are you surprised by the positive numbers for Canadian Tire?
2. In you view, what has helped Canadian Tire to generate profits while other retailers are struggling?
3. Do you agree with Mark McQueen that Canadian Tire needs to update its stores otherwise it may also lose out to new competition?