Canadian Tire putting $200 million into opening, revamping Mark’s stores

Canadian Tire is investing $200 million to expand and refresh its Mark's apparel retail stores. The plan, announced on Wednesday, aims to boost the number of Mark's locations to at least 40 new or renovated stores by the end of 2028. The new design features larger spaces, approximately 25,000 square feet, to create a brighter and more inviting atmosphere.

These stores often include expanded women's and children's sections, as well as brand-specific shops integrated within the larger Mark's stores. The concept, adopted by 21 stores in various provinces, was introduced in 2023 as Canadian Tire sought to revamp its real estate portfolio. Early results show improved customer acquisition metrics, particularly among women and younger shoppers.

While the larger format may not suit all markets due to space constraints, the company believes the approach can continue to drive growth across its retail operations.