Canadian Tire Corp. Ltd. is rolling out a new strategy that will see it invest $2 billion over four years to restructure the company for growth but will also mean the closure of some stores.

The new changes follow Canadian Tire's recent C$1.28 billion deal to sell its outdoor-and-workwear brand, Helly Hansen, to Kontoor Brands to focus more on its home market earlier in February.

TORONTO, Feb. 19, 2025 /CNW/ - Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A), CTC or the Company) today announced that it has signed a definitive agreement to sell its Helly Hansen ...