Canadian Tire stores report year-end increase

TORONTO ― Canadian Tire Retail saw fourth-quarter retail sales decrease 2.6%, partially due to the impact of mild winter weather across the country. However, same-store sales were up 2.0% over 2014. For the year, the banner enjoyed an increase in sales of 2.4%, while same-store sales increased 3.2%. For the entire company, consolidated revenue was up 1.6% for the full year, excluding Petroleum, and down 1.5% in total over 2014, reflecting lower year-over-year gas prices.