canadian tire bought mark work wearhouse in 1995.
when did canadian tire buy mark work wearhouse?
1995
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mark's (known as l’équipeur in quebec) is a canadian clothing and footwear retailer specializing in casual and industrial wear. beginning in 1977 as mark’s work wearhouse in calgary, alberta, it evolved from an industrial accessories dealer to a men’s casual and industrial wear retailer. the company operates over 380 stores across canada and has been a subsidiary of canadian tire since 2002. the company rebranded in 2012 as mark’s in an effort to appeal to a wider customer base and reflect its expanded product offerings.









































section::::history.
mark's
in 2001, canadian tire corporation purchased mark’s work wearhouse for $116 million as part of a strategic plan to add strong and profitable growth within the company’s integrated portfolio of businesses. at this time, mark's work wearhouse operated 325 corporate and franchisee stores across the country. the acquisition provided mark’s work wearhouse with significant working capital, resulting in accelerated growth between 2001 and 2008. sales grew from $500 million to $1 billion, with 372 stores across canada. together, mark’s work wearhouse and canadian tire created "combo stores" at 65 canadian tire locations, which coupled the complete assortment of a canadian tire store with a fully serviced mark’s work wearhouse. in 2012, the company underwent a rebrand as part of its strategy to appeal to a wider customer base and reflect its expanded product assortment. now referred to as mark’s, the brand launched its newest ad campaign, ‘ready for this’, in 2013.
mark's