Canadian Tire to Acquire 10 Bed Bath & Beyond Leases for $1.6 Million

People leave after shopping at Canadian Tire in Toronto on May 12, 2011. The Canadian Press/Nathan Denette

Canadian Tire Corp. Ltd. says it’s acquiring 10 former Bed Bath & Beyond leases to expand its Mark’s and Pro Hockey Life banners.

The Toronto-based retailer says it’s taking on the leases for a final purchase price of $1.6 million.