May 20, 2003 (Toronto, ON) – Schwinn, one of the most popular brands of high performance bicycles and accessories is now available at Canadian Tire stores across the country. As the cycling season gets ready to shift into high gear, Canadian Tire is introducing eight models popular adult picks such as the mountain, comfort, cruiser and racer-style bikes, various youth/kids bikes, as well as a wide assortment of helmets and bike accessories.

“Today, one out of every three bikes sold in Canada is purchased from Canadian Tire and the addition of Schwinn really takes our bike shopping experience for enthusiast customers to a new level,” said Pamela Griffith-Jones, divisional vice-president, Sporting Goods, Canadian Tire. “The Schwinn brand is synonymous in the bicycle world with quality, performance and style and it is fitting that Canadian Tire, the country's largest seller of bikes, is now positioned to showcase the Schwinn line.” In addition to bicycles, Canadian Tire's bike gear assortment includes top-of-the-line Schwinn accessories. Locks, water bottles, protective gear, bags, computers, repair and maintenance products are among the high-quality items available. The assortment also includes child carriers, a bike trailer and a jogger.

“Schwinn is a brand that has long been heralded by bicycle enthusiasts for its superior construction and performance using name brand components like Shimano, SR Suntour and RockShox,” adds Griffith-Jones. “Customers looking to gear up the family for the season will really enjoy the wider range of bike and accessory options available this year.”

Canadian Tire Corporation, Limited (TSX: CTR.a, CTR) operates more than 1,000 store, gas bars and car washes in an inter-related network of businesses engaged in retail, financial services and petroleum. More than 45,000 Canadians work across the Canadian Tire organization from coast-to-coast. Canadian Tire Retail and its Associate Dealers together form one of Canada's best-known and most successful retailers with 449 stores in communities nationwide. Canadian Tire stores offer a unique mix of products and services through the leadership of three specialty stores under one roof – Automotive, Sports and Leisure, and Home Products. Canadian Tire also offers shopping and home delivery through www.canadiantire.ca and by phone order at 1-866-746-7287.