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On the retail front, Giant Tiger is relocating, expanding the business, and is currently constructing a larger store on Highway 6 in Espanola. Sustained food sales growth in all of our banners and strong general merchandise sales in our Giant Tiger stores and Alaska operations were the leading positive factors, offsetting weaker general merchandise sales in Northern Canada. The local Canadian Tire's six-acre lot, which cost $588,000 in 1994, was found to be assessed at $373,000, and Giant Tiger store's two-acre lot, which cost $427,500 in 2000, was assessed at $331,000. |
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