The Canadian retail giant Canadian Tire is now the world’s biggest online retailer with sales of more than 49,000 products, according to data released by the company’s Canadian operations.
Canadian Tire’s Canadian sales have been rising rapidly since last year, when sales hit a record high of more then 51,000.
The company reported a revenue of $11.3 billion in the third quarter of 2018.
The data also shows that Canada was Canada’s second-largest source of new orders for the company, up from its second-highest source of orders in the second quarter of 2019.
The data is likely to boost Canadian Tire’s stock price, which has dropped almost 10 per cent over the past year as the company struggles to compete with Amazon and Walmart in the booming online retail sector.