The Canadian retail sector is highly competitive. Aside from other domestic retailers, Canadian consumer stocks are facing increasing competition from large U.S. discount retailers, like Wal-Mart and Costco. In addition, popular U.S. retailer Target is set to enter the Canadian market.
As the competition between retailers continues to heat up, it’s more important than ever for investors to focus on Canadian retail growth stocks with a proven ability to adapt and prosper in the fast-changing retail landscape.
In a just-published issue of The Successful Investor, we take a close look at Canadian Tire Corp. (symbol CTC.A on Toronto). The company has been improving the layout of its stores over the last 15 years, and adding new items to the merchandise they carry. It has also acquired and launched a number of new businesses.
We analyze the growth stock’s approach and update our buy/sell/hold advice in the latest issue of The Successful Investor.
Growth stocks: Canadian Tire operates a broad range of businesses
Canadian Tire operates 482 stores that sell automotive, household and sporting goods. It also owns other retail chains, including 378 Mark’s Work Wearhouse casual-clothing stores, 272 gas stations (some of which have car washes and convenience stores) and 87 PartSource auto-parts stores.
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Canadian Tire has also been changing the format of its stores. For example, its “Smart Stores,” format makes it easier for the company to move faster-selling seasonal merchandise to high-traffic areas of the store.
In 2010, Canadian Tire built three new stores using this format, and converted 59 others. This year, it plans to build or convert 73 more stores.
Finance division accounts for a significant part of this growth stock’s earnings
The company’s financial-services division has been a growing in the past few years. The division’s Canadian Tire-branded MasterCard credit cards account for 95% of its business. It also offers personal loans and savings accounts.
The financial-services division accounted for just 10% of the growth stock’s revenue in 2010, but supplied 33% of its earnings.
One in five Canadians now hold a Canadian Tire MasterCard. These cards help build customer loyalty by letting customers earn the company’s famous Canadian Tire money, which they can spend on future purchases. This division also offers personal loans and savings accounts.
Intensifying retail competition poses a challenge for Canadian Tire
Canadian Tire has a number of advantages, but it remains uncertain whether the company will be able to increase its sales in the highly competitive Canadian retail sector—especially in light of the arrival of Target. We take a close look at the company’s prospects in the latest Successful Investor.
You can get our latest analysis, including our clear buy/sell/hold advice, Canadian Tire and 19 other stocks you may be considering buying in The Successful Investor. What’s more, you can get one month free when you subscribe today. Click here to learn how.
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