How has the covid-19 pandemic affected the business

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Reference no: EM133636816

Company: Canadian Tire

Describe the current climate and situation that your retailer finds itself in as it attempts to compete.

  • How has the COVID-19 pandemic affected the business (sales, profits, hiring, layoffs)?
  • Describe what is occurring in the industry. Provide a brief overview of the retail sector in which the retailer operates. For example, what 'headwinds' and/or 'tailwinds' is the industry facing?
  • What consumer behavior changes are affecting this retailer (shift to online shopping, changing values/beliefs, concerns, new optimism)?
  • What competitive pressures are they facing (new entrants, competition changing their tactics)?
  • How has e-commerce affected them (positively or negatively)?
  • How has your retailer changed and evolved over time?

What is your retailer's primary business (the core revenue generator)?

  • What is their business model (how do they choose to operate- 'bricks and/or clicks')?
  • What is their corporate strategy/mission statement (should be able to find it on their website)?
  • How have their hiring practices changed/evolved (review their human resources)?
  • How is your retailer seeking to increase revenue in the future (recent acquisitions, organic growth strategies, new products/service offerings)?

Reference no: EM133636816

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