Canadian Tire to Restructure Company for Growth, Will Close Some Atmosphere Stores

Canadian Tire to Restructure Company for Growth, Will Close Some Atmosphere Stores
A man cycles by a Canadian Tire store in North Vancouver on May 10, 2012. The Canadian Press/Jonathan Hayward
The Canadian Press
Updated:
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Canadian Tire Corp. Ltd. is rolling out a new strategy that will see it invest $2 billion over four years to restructure the company for growth but will also mean the closure of some stores.

The True North plan meant to usher in a new era for the Toronto-based retailer launched Thursday as the company was contending with tariffs the U.S. started applying to Canadian and Chinese goods, only for some of the duties on Canadian products to be rolled back later.