Canadian Tire Corp CEO says its not looking to get smaller as earnings beat expectations

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Every square foot in Canadian Tire is being fought over,” Canadian Tire CEO Mike Medline said in an interview.

TORONTO — Shrinking the size of its vast stores is not one of Canadian Tire’s plans, even as it strives to shift a bigger portion of its business over to digital sales.

Retailers from Best Buy and Staples to Sears have closed outlets or opened smaller stores as their outlets have faced competition from online and other retail and their core square footage grew less productive.

And though Canadian Tire’s online sales still comprise a tiny part of the overall business, chief executive Mike Medline doesn’t see the company’s vast stores shrinking their footprint any time soon.

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