Tuscani01
Senior Member
Curious if the Canadian tire does so bad is there a chance it may get closed downtown ?
What's the key factor, I'm guessing rent + the fact while the store attendance (not sure what the correct term is here) is very high, actually can you confirm this ? i.e. it is one of the more visited stores ? The problem being the purchases made per person are probably very low in comparison to the suburban location.
How about the location around Yonge and Bloor, its been there for a while ?
Along the same lines, do you know how best buy / future shop fare ? I'd imagine a little better as there are many more smaller items there that cost quite a bit ?
Size can't be the only issue though, King E is full of high end furniture stores, more then anywhere else in the GTA by far I'd guess in one area. Clearly there aren't products that are easy just to walk in and pick up, yet there is no parking or the like in the area.
Our main measure is average basket size, which is the average that each customer spends in a store. Bay & Dundas has the lowest basket size, but the highest customer count. It does mean that people are spending significantly less at that store than they are at other stores. It was somewhere around $20 back when I worked there, though I have heard that it has since increased a bit. Thats less than half of what other stores are doing.
The store is still turning a profit, and for the first time ever, staff will be collecting profit sharing. The store will be around as long as there is someone who is willing to operate it. The store at Yonge and Bloor is the oldest store and is a full Canadian Tire. It has consistently done well.