Canadian Tire Corporation, Ltd., is one of Canadaâ€™s most recognized retail chains. Founded in Toronto by brothers J.W. and A.J. Billes, the company got its start when the brothers bought the Hamilton Tire and Garage in 1922. In 1927, they incorporated the business as the Canadian Tire Corporation. Still headquartered in Toronto, the company operates a network of 1,700 stores and gas bars that extends to every province and territory except Nunavut. Canadian Tire owns Markâ€™s Work Wearhouse, Helly Hansen and FGL Sports, including the retail companies Sport Chek, Atmosphere and Sports Experts. It is a public company that trades on the Toronto Stock Exchange under the symbol CTC. In 2019, CanadianTire registered $14.5 billion in revenue and $895 million in profit and held $19.5 billion in assets.
Explain the different external environment that impact Canadian Tireâ€™s business?