Canadian Tire sees 400% increase in ecommerce but records second quarter loss
30.12.2020 , Ecommerce, Grocery Shopping, Marketing, media, Online Business, Online marketing, Online Payment, Online Sale, Online shopping, Small Business 0
- The company recorded online sales up 400% to C$600 million, beating the entire total ecommerce sales for all of 2019
- Canadian Tire also recorded increased retail sales for the second quarter of this year, up 1.7% to nearly C$4.4 million. Excluding petroleum sales, overall retail sales rose 9.3%
- Despite this though, the company suffered a C$20 million loss for this quarter, attributed to the direct impact of Covid-19 on the retail industry.