Canadian Tire Corp. Ltd. says it’s acquiring 10 former Bed Bath & Beyond leases to expand its Mark’s and Pro Hockey Life banners. The Toronto-based retailer says it’s taking on the leases for a final purchase price of $1.6 million.

Six of the leases will be for relocations of clothing in Alberta, British Columbia and Ontario, while the other four will be new Pro Hockey Life stores in Ontario. Canadian Tire says the 10 leases combined make up more than 242,000 square feet of retail space.

“Following our 10th consecutive quarter of growth in Q4 2022, Mark’s is continuing to build on its incredible momentum in the Canadian market by strategically relocating six retail spaces to more convenient and larger sites,” said PJ Czank, president, Mark’s. “These relocated stores will feature more products and deeper assortments of our best brands to meet the needs of our customers in Alberta, British Columbia and Ontario.”

Source: Globe and Mail
Source: The Star
Source: Canadian Tire