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Les Schwab Tires entered the Denver metropolitan area with five stores in October 2012, the first in Colorado, bringing the total number of company owned stores to 374. [9] The company does more than $1.6 billion in sales each year, [ 8 ] and is the second largest independent tire retailer in the United States .
The name of the business changed to "Les Schwab Tire Centers" in 1956, dropping the OK franchise. [5] From this grew a tire empire based in Prineville that had 34 stores in Oregon, Washington, and Idaho in 1971, [ 7 ] and 410 stores in the western U.S. and $1.6 billion in annual sales by 2007. [ 3 ]
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Canadian Tire Bank (CTB), a Schedule 1 (domestic, deposit-taking) bank under the Bank Act, was founded in 2003 and took over financial services that had been provided by CTFS. [3] In addition to MasterCard credit card services, Canadian Tire Bank also launched high interest savings accounts, tax-free savings accounts, and GIC products. [4] [5]
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