Canadian Tire Solidifies Petco Partnership

Canadian Tire Corporation (CTC), Ltd. has expanded its retail partnership with Petco Health and Wellness Company, Inc. CTC's investment in the pet category is a core part of the company's Better Connected strategy. "Since partnering with Petco in 2018, we have seen double-digit growth in the category with a marked increase in customers shopping the pet category for the first time," says Michael Magennis, senior vice-president, general merchandising at Canadian Tire Retail. The shop-in-shops will carry pet food and treats, pet lifestyle and fashion brands, litter, and accessories. Petco shop-in-shops are featured in 80 per cent of Canadian Tire stores and are planned to grow to 90 per cent by this summer.