Canadian Tire Corp is moving into the sports store business as it moves to take control of the Forzani Group Ltd for 771 million in cash. It’s all about concern that U.S. retailewrs will eat CTC’s lunch. Today CTC is crowing however. “Canadian Tire is on offence,” Chief Executive Stephen Wetmore said. Forzani Group operates more than 500 retail outlets under banners such as Sport Chek, Atmosphere and National Sport and has annual revenue of about C$1.4 billion.
