1.5 million square foot facility set to open in early 2009

    TORONTO, June 12 /CNW/ - Canadian Tire Corporation, Limited, today
announced that it proposes to retain GENCO Distribution System of Canada, Inc.
to operate its new 1.5 million square foot distribution centre in
Coteau-du-Lac Quebec. Located 45 minutes outside Montreal, in the county of
Vaudreuil-Soulanges, the new distribution centre will become fully operational
in early 2009 to support Canadian Tire Retail's continued growth and expansion
in Eastern Canada.
    With construction of the new facility well underway, testing of the
information technology and state-of-the-art material handling systems will
commence in the fall of 2008. The 1.5 million square foot facility is expected
to be fully operational in early 2009. Once complete, the facility will be
capable of processing both bulk and conveyable products and, depending on the
type of products deployed, will have a capacity to process up to 55 million
cubic feet of throughput per annum to supply Canadian Tire stores in Ontario,
Quebec and the Maritimes.
    "Canadian Tire's long-standing relationship with GENCO started with the
operation of our returns facility and expanded to include our Calgary
Distribution Centre," said Patrick Sinnott, senior vice-president, Supply
Chain. "Recognized throughout North America for its material handling and
technology expertise, GENCO has 110 years of experience as a third-party
logistics provider. We are delighted that we are able to leverage GENCO's
solid experience and expand our contractual relationship to include the
operation of our new Eastern Distribution Centre."
    "GENCO is very pleased and honored to be selected by Canadian Tire to
operate the distribution centre in Coteau-du-Lac," said Herb Shear, president
and chief executive officer of GENCO. "We look forward to our expanded
relationship with Canadian Tire and demonstrating our ability to deliver
initial and ongoing value. This distribution centre will be a source of pride
for the community and for all our teammates for years to come."
    For Canadian Tire Corporation, Limited, this project represents a
substantial capital investment in the Coteau-du-Lac area and, within three
years, will create a need for 600 full-time and 300 part-time employees. GENCO
has begun and will continue to recruit for material handling, shipping,
receiving and material preparation positions to ensure it has the right team
in place to operate the new facility when it opens in the fall. Further
information on these positions can be found at genco.com/quebec.

    GENCO Distribution System

    GENCO Distribution System is North America's 2nd largest and a Global Top
50 third-party logistics provider and the recognized leader in Reverse
Logistics. The company manages over 125 operations and 37 million square feet
of warehouse space throughout North America for a diverse range of retail,
manufacturing and government customers. The company provides initial and
ongoing value through a complete range of solutions, including contract
logistics, transportation logistics, parcel negotiation & audits, reverse
logistics, damage research, product liquidation, pharmaceutical services,
government solutions and technology solutions. For more information, visit
www.genco.com.

    Canadian Tire Corporation, Limited (TSX: CTR.NV, CTR) operates an
inter-related network of businesses engaged in retail, financial services and
petroleum. Canadian Tire Retail, with more than 473 stores across Canada, is
the country's most-shopped retailer of Automotive, Sports and Leisure, and
Home Products. www.canadiantire.ca offers Canadians the opportunity to shop
online. PartSource is an automotive parts specialty chain with 74 stores in
Canada. Canadian Tire Financial Services manages related financial products
and services for retail and petroleum customers. Canadian Tire Petroleum is
the country's largest independent retailer of gasoline with more than 266
outlets and pumps the highest gasoline volume per site in the entire Canadian
industry. Mark's Work Wearhouse operates more than 360 stores across Canada
including L'Equipeur stores in Quebec. More than 57,000 Canadians work across
the Canadian Tire organization from coast-to-coast in the corporation's
retail, financial services, petroleum and apparel businesses.