Parent Company: Canadian Tire Corporation Limited
Brand Value: $1,319 million
Headquarter City: Toronto
Year Formed: 1922
As “Canada’s store,” Canadian Tire is an institution unique to the country, selling a curious —to outsiders—mix of tires, auto repair, automotive products, apparel, hardware, sports and recreation, home appliances, and seasonal products. Some of its stores also sell toys and grocery items—and there is even a Canadian Tire Bank. Affiliate brands include athletics stores, clothing retailers, gas stations, and a real estate investment trust, among others. The brand enjoys a 98 percent instant recognition among consumers in its home market, where its loyalty program issues “Canadian Tire Money” for purchases, which has been accepted by other retailers as well. In a very challenging retail sector, Canadian Tire has responded with innovative strategies and a goal of becoming the country’s top retailer by 2022.