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Canadian Tire tried twice to expand into the United States. In 1982, it purchased the Wichita Falls, Texas-based White Stores, Inc. automotive retail chain with 81 stores in Texas from its then-owner Household Merchandising Inc., a subsidiary of Household Finance, for US$40.2 million.
John William Billes (1897 – November 1956) was a Canadian businessman and co-founder of Canadian Tire. Born in Toronto, Ontario, in 1922 he and his brother Alfred Jackson Billes bought Hamilton Tire and Garage Ltd. in Toronto. The following year they moved the garage to downtown Toronto where they began the conversion to a garage/retail business.
By 1980, Canadian Tire was the most successful Canadian-owned and operated franchise in the country's history with a nationwide network of dealer-operated Canadian Tire associate stores. On the unexpected death of his brother William in November 1956, Alfred Billes took over as president.
Canadian Tire is unique due to the fact it is a franchise, so products purchased in the store results in the dealer making profit. When products are bought through the catalogue or Canadian Tire online, the money goes to the corp. -- Jaydawg 03:17, 12 June 2006 (UTC) Clarification: Canadian Tire is NOT a franchise, by legal definition.
In 1995, the bank issued the Canadian Tire Options MasterCard nationally with a reward program for purchases of products from Canadian Tire and, later, launched its Gas Advantage MasterCard product whereby the cardholder earned a tiered discount of 2–10¢ (in Canadian currency) per litre on gasoline purchases from Canadian Tire based on the previous month's gas purchases. [9]
Trump said over the weekend that 25% tariffs on imports from Canada and Mexico would go into effect Tuesday, though he has given the nations a 30-day reprieve. Stocks from automakers to retailers ...