Related
The head of Tim Hortons says the iconic Canadian coffee chain plans to expand into a global brand by 2013.
CEO Don Schroeder said there's a growing international interest in Tim Hortons and he told the company's annual meeting Friday in Toronto that Tims' executives will pitch an international growth strategy to the board of directors next month.
A Tim Hortons location in Calgary is shown. The iconic Canadian brand plans to expand internationally, the company said Friday. (Kelsey Hipkin/CBC) But Schroeder said the company will approach international expansion cautiously to avoid following other companies that have jumped into international markets too quickly and failed.
"While we have achieved iconic brand status in Canada … we are working hard to build that same brand equity in our core markets in the northeast and Midwest U.S.," Shroeder said.
Tim Hortons has 3,578 restaurants as of January 3, 2010, including 3,015 in Canada and 563 in the United States.
The chain opened 176 new locations across North America in 2009, including its first location in Manhattan. The company now has 11 locations across the five boroughs that make up New York City.
Tim Hortons already has 290 self-service kiosks in convenience stores in Ireland and England, and a number of locations in the U.S., including some military bases.
Schroeder said the Tims brand has become well-known among British and American soldiers through their store in Afghanistan and the plan includes expanding the chain's presence on U.S. army bases.
The chain also tested the concept of co-branded stores by signing a pact in February with U.S. firm Cold Stone Creamery that saw the opening of 100 such locations across the United States.
Share Tools
Top News Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- Legalize pot, say former B.C. attorneys general
- Four former B.C. attorneys general are joining a coalition of health and justice experts calling for the legalization of marijuana. more »
- Whitney Houston's funeral to be held Saturday
- Pop star Whitney Houston's funeral service will be held Saturday in the New Jersey church where she first showcased her singing talents as a child. more »
- Online surveillance bill targets child porn: Toews
- A bill that would give police and intelligence agencies new powers to access Canadians' electronic communications is needed to protect against child pornography, says Public Safety Minister Vic Toews. more »
Latest Business Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- CPP invests $1.8B in U.S. malls
- The Canada Pension Plan Investment Board is making a whopping $1.8-billion investment in shopping malls in the U.S. with a new joint venture agreement with the Westfield Group in its biggest real estate deal to date. more »
- Nortel hit by suspected Chinese cyberattacks for a decade
- Hackers based in China enjoyed widespread access to Nortel's computer network for nearly a decade, according to a report. more »
- CN blamed for fatal train derailment in Illinois
- CN is being blamed for a 2009 train derailment in Illinois, in which several cars went off the tracks and caught fire, killing one person and injuring seven others. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12354.47 | -44.22 |
| DOW | 12878.28 | 4.24 |
| NASDAQ | 2931.83 | 0.44 |
| SP 500 | 1350.5 | -1.27 |
| NYSE COMPOSITE | 8029.61 | -26.64 |
| AMEX | 2429.06 | -2.72 |
| TSX-VENTURE | 1630.03 | -19.33 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Online surveillance critics accused of supporting child porn
- Whitney Houston's funeral to be held Saturday
- HMCS Corner Brook collision damage extensive
- Online surveillance bill targets child porn: Toews
- Legalize pot, say former B.C. attorneys general
- Mooning Queen proves costly for Australian man
- MacKay says submarine fleet has 'spotty' history
- Man kidnapped at Greyhound station escapes captors
- Stanley Cup rioter seen in brick attack on cop

