The next generation

On the occasion of Canadian Tire’s 100th anniversary, no mere cake will do. The company has instead announced $3.4 billion in spending that’s mostly aimed at e-commerce, new products and more private label sales. Unlike Amazon, with distribution centres shipping straight to customers, Canadian Tire will work through the stores. After all, the dealers and the pension fund own the rest of Tire beyond what’s in the hands of controlling shareholder Martha Billes. Tire, she likes to call it, not The Tire, just Tire. Dealers have to go through years of apprenticeship before they get their own store, but it...