http://ottawa.ctv.ca/servlet/an/local/CTVNews/20100407/OTT_Cdn_Tire_Hwy_100407/20100407/?hub=OttawaHome
Summary:
Canadian Tire currently announced they are going have their own gas stations with the support and partner with Host Kilmer Service Centre. The gas stations will construct on the busiest highways in the country. It will include convenience stores, as well as fast-food store, interim services including parking, portable washrooms, public telephones and water. President of Canadian Tire, Michael Medline, hopes to earn money from the gas bars but also the retail outlets. And their able to explode their brand name to those who didn’t know Canadian Tire before. Also, Host Kilmer will earn a part of the revenue generated at the sites with the Ontario government, which can to lead the government out of the enormous impacts of the recession.
Connection:
The Tires has increased their net income from 2005 to 2008, but recession gives the corporation a small hit. It didn’t cause enormous drop of the net income. The analyzed selected income statement data and the graphs reveal Canadian Tire is a bold cooperation. They wants to use this develop gas station chance to expand their type of businesses and expose their brand name to different place by a benefit way. It can gain money from the “gas bars” and at the same time it has great advertisement chances. By develops gas stations, Canadian Tire is able to increase millions of revenue since their gas station is operating. However, it has to take years to cover the construction fee.
Reflection:
I think the Ontario government should be thankful to Canadian Tire because in the construction project it creates about 2500 service centre jobs and about 350 construction jobs. It definitely will improve and help the economic of Ontario. Also, Canadian Tire can also get “free” advertisement by their gas station, and they also can earn revenue from the gas bars too. It benefits customers, Ontario’s recession and their own company. It has potential to increase their both revenue and net income for sure. And Canadian Tire might get some more customers who notice Canadian Tire by the advertisements at the new gas stations.
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I agree with your reflection, because nowadays the economic it’s in a downturn. If the company can create jobs for the local social I think the local area recover back from the economic downturn faster. Also it is very good for Canadian Tire too, because these give a good impression to people for Canadian Tire, and Canadian Tire has a free advertisement too. In which is good for the society and the company. On the other hand, I think the Canadian Tire is doing better than before, because now the company not only providing for car accessory also gas too.
ReplyDeleteThank you for sharing the news. i agree with your opinons, the canadain Tire does make Ontario's economic better by providing more jobs. Canadian Tire also can benefit from doing this. Analyzing the future views of the company is really important. It is also really important to reconver from the economic depression as soon as possible.
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