This document outlines a presentation on Canadian Tire Corporation. It provides background on Canadian Tire's business segments and employee programs. It describes the organization's culture of striving for improvement, employee development, and flexible benefits. The presentation structure includes sections on organization structure, strategies and challenges, SWOT analysis, financial reports, and conclusions. It also lists references used in creating the presentation.
2. Presentation Outline
Background
Organization Culture
Organization Structure
Canadian Tire Strategies and Challenges
Canadian Tire Corp. SWOT Analysis
Canadian Tire Corp. Financial Report
Conclusion
References
3. Background
● Canadian Tire, the country's largest hard goods retailer, consists of three business:
retail, financial services and gasoline outlets. Including staff on the retail side, the
company has 38,000 employees across Canada.
● Canadian Tire covers all the corporation's employee programs related to wealth,
health, the employee's role, growth, work environment and the community (Felix,
2001).
● Under each of these six categories, Canadian Tire offers a broad range of employee
programs such as holiday gift boxes to employee retail discounts, annual parties,
frequent public recognition, opportunities for training as well as fully paid university
tuition and a generous profit sharing and stock purchase plan (Felix, 2001).
4. Organization Culture
● “Strive always to make things better”
● Adapt, innovate and change quickly
● Development of their employees
● Implements flexible benefits program
9. Canadian Tire Corp. Financial Report
• Canadian Tire revenue increased 3.4% or $76.2 million to $2.3 billion in the 1st
quarter.
- First quarter results for the period ended March 29, 2014, show positive sales,
revenue and margin growth.
- Consolidated revenue increased 3.8% or $93.3 million in the 1st quarter as a result
of higher shipments in key categories at Canadian Tire
- Financial Services selling, general and administrative expenses increased 11.3%
in the quarter
• Strong second quarter results
- Consolidated diluted EPS up 11.0% or 18.2% on an adjusted basis
- Consolidated revenue increased 4.8% or $145.0 million
10. Canadian Tire Corp. Financial Report
• Consolidated earnings performance reflects strong revenue and gross margin
contributions from the Retail segment
- Retail segment revenue increased 4.7% or $129.9 million
- Same store sales up 2.8% at Canadian Tire, 8.2% at FGL Sports and 3.2% at
Mark’s
• Solid second quarter performance at Financial Services
- Gross average accounts receivable growth of 7.4%
FINANCIAL SERVICES OVERVIEW
Financial Services continued its strong performance in the quarter. Income before
income taxes was $82.2 million, an increase of 6.4% in the quarter compared to Q1
2013 due to higher revenue from gross average receivables and interest expense
savings
11. Conclusion
• Canadian Tire Retail is becoming more engaging towards its customers via
its online retail and “House of Innovation” strategies.
• CTR’s functional structure allows for specialization within departments, to
better serve its employees. Franchising to local dealers saves CTR money,
while providing customers a more specialized experience.
• By focusing on employees and customer satisfaction, Canadian Tire Retail
has managed to increase profits while delivering on their plethora of
merchandise from tires to housewares and seasonal décor.
12. References
Annual Report. 2013. Canadian Tire Corporation Ltd. Retrieved from
http://corp.canadiantire.ca/EN/Investors/Documents/2013%20Annual%20Report.pdf
Canadian Tire Corp. 2014. Annual Report 2013; retrieved from
http://corp.canadiantire.ca/EN/Investors/Documents/2013%20Annual%20Report.pdf
Canadian Tire Corp. (2014). Corporate Structure; retrieved from http://corp.canadiantire.ca/EN/Investors/Governance/aif/CTC_AIF_2011.pdf
Canadian Tire Corp. (2012). Canadian Tire Corporation, Limited SWOT Analysis. Canadian Tire Corporation Ltd. SWOT Analysis, 1-8
CTC About Us. Retrieved on October 29, 2014 from http://corp.canadiantire.ca/EN/ABOUTUS/Pages/AwardsRecognition.aspx
Felix, S. (2001). The Canadian Tire Way. Benefits Canada, 25(1), 24-29. Retrieved from
http://search.proquest.com/docview/224281761?accountid=142373
Financial Post. April 18, 2013. Canadian Tire Reaches Long-Term Agreement with Franchise Dealers. Financial Post. Retrieved from
http://business.financialpost.com/2013/04/18/canadian-tire-reaches-long-term-agreement-with-franchise-dealers/
Hartley, M., & Shaw, H. March 21, 2013. Canadian Tire Sets Up Shop in Communitech to Start Thinking Like a Startup. Financial Post.
Retrieved from http://business.financialpost.com/2013/03/21/canadian-tire-sets-up-shop-in-communitech-to-start-thinking-like-a-startup/?__
lsa=c101-e063
Horn, J. (2011). Canadian Tire Plays House. Strategy, 9. Retrieved from http://search.proquest.com/docview/1458457202?accountid=142373
MBA. Canadian Tire SWOT Analysis. MBA Skool. Retrieved on November 2, 2014 from
http://www.mbaskool.com/brandguide/lifestyle-and-retail/4307-canadian-tire.html
Power, M. (2011). Sustaining Value. Purchasing B2B, 53(4), 14-18. Retrieved from
http://search.proquest.com/docview/878742707?accountid=142373
Smyrlis, L. (2010). Rewriting the Book on Supply Chain Management. Canadian Transportation Logistics, 113(1), 26-27. Retrieved from
http://search.proquest.com/docview/203022595?accountid=142373
Williams, N. (2006). Finalist Canadian Tire: Canadian Idol no, You're Not Mistaken – That Fresh-Faced Brand is Old-Timer Canadian Tire.
Strategy, 42. Retrieved from http://search.proquest.com/docview/214173947?accountid=142373
Hinweis der Redaktion
Canadian Tire offers a generous health benefit plan along with the flexibility in its health benefits plan and working hours. In fact, a commitment to flexibility is one way Canadian Tire tries to help employees meet the challenges of both their work and family lives. Daily working hours, as well as the number of hours or days of the week that an employee works, accommodate conflicting demands that arise from family responsibilities, commuting as well as fitness and school schedules. Employees can work from home too if the need arises.
Canadian Tire was also one of the first companies in Canada to implement a flexible benefits program. Employees can choose from a range of health benefits, including optional disability and life insurance. They can even use flex dollars to purchase extra vacation days.
Although the profit sharing and stock purchase plans are intended as retirement savings, the company recognizes that employees may have different reasons for saving money. Eligible employees who want to save for a home or pay off an existing mortgage can have a portion of their annual profit sharing award put into a separate personal interest-bearing bank account for that purpose.
