Canadian Tire Corporation e-commerce sales up 183% in 2020 as others struggled due to Government lockdowns and policies

The Canadian Tire Corporation has announced an outstanding performance in 2020. While others struggled due to the forced closure of their businesses – Canadian Tire Corporations stores faired a bit better. This isn’t a knock on the CTC -I’m more so pointing out that our government’s policies directly contributed to some companies and people benefiting while others have been forced to suffer.

The Canadian Tire Corporation which includes Marks Work Warehouse, SportsCheck and Canadian Tire has seen an explosion in retail sales and online e-commerce sales in 2020. Retails sales when excluding petroleum were up 11% for the CTC – mainly driven by the retail sales of Canadian Tire growing by 17.6%.

E-Commerce sales reached $1.6 billion, up $1 billion or 183%, with Canadian Tire retail e-commerce growing by 250%. As people were forced to stay at home due to government lockdown policies or elected to stay home out of fear – e-commerce sales exploded. This isn’t exactly surprising but the amount of growth it experienced is. To receive 250% growth in one year signals an astronomical amount of new business happening online in 2020.

Here’s a look at their full year in review


  • Retail segment revenue increased by $410.2 million, or 3.1%. When Excluding Petroleum, Retail segment revenue was up 8.4%
  • CTR (Canadian Tire Retail) sales increased 17.6%
  • SportChek’s retail sales decreased 8.5%
  • Mark’s retail sales decreased 5.5%
  • Helly Hansen’s revenue was $541.9 million, down 2.2%. On a constant currency basis, Helly Hansen revenue grew 2.0%
  • Income before income taxes increased $90.5 million or 14%. Normalized income before income taxes increased by $108.1 million or 15.7%
  • Refer to the Q4 and Full Year 2020 MD&A section 5.1.1 for information on normalizing items, and to the Q4 and Full Year MD&A section 4.0 for additional details on events that have impacted the Company in 2020

So in what has been an extremely rough year for many as a result of the government’s Covid policies and lockdowns – Canadian Tire Corporation has experienced their income before income taxes increase by $90.5 million or 14% in 2020. Just remember, everyone is being affected by Covid-19 – but not everyone is being affected negatively.

Diverge Media is an independent Canadian media outlet dedicated to bringing you the stories that matter. We do not, and will not ever accept government funding for our work. Therefore, we rely entirely on the generous donations of readers/viewers to help us continue our work. If you would like to support Diverge Media you can do so by buying a Diverge Media hat on our website’s store – or by donating in the form below.

Diverge Media Donation

Personal Info

Donate quickly and securely with Stripe

How it works: A Stripe window will open after you click the Donate Now button where you can securely make your donation. You will then be brought back to this page to view your receipt.

Diverge Media Donation

Donation Total: $50.00

Published by Greg Staley

Greg Staley is a husband and a father to 4 beautiful girls. He is the owner of Diverge Media and takes pride in telling the stories that matter - even if they may be unpopular. In addition to writing, editing, and producing videos and articles for Diverge, Mr. Staley also works full-time on a farm. Mr. Staley is working hard to be able to pursue Diverge Media full-time and wholeheartedly believes that it will become a reality in the near-future with the support of the readers/viewers of Diverge Media.