Gordon Reid Obituary, Death – A successful Canadian entrepreneur who also established the well-known discount brand Giant Tiger, has passed away. After a relatively short battle with sickness, according to a statement released by the firm, he passed away at his home in Ottawa. He was 89. Since he was a teenager, Reid has been employed in the retail sector of the economy. It was in 1961 when he opened the first Giant Tiger store, and it was located in the ByWard Market in Ottawa. Even to this day, the shop is open for business.
Retail expert Bruce Winder from Giant Tiger thinks that Reid has left behind a’massive legacy. If you take a look at Giant Tiger right now, it spans a number of different provinces. He stated that their annual revenue was in the billions of millions. “For me, the thing that tells the story is to think about retailers like BiWay and Bargain Harold’s; they have been gone for a very long time, but Giant Tiger has survived and Giant Tiger has thrived. Winder considers Reid’s business savvy and focus on providing value to Giant Tiger’s customers as the primary factors behind the company’s success.
“I believe what Giant Tiger has done is that they’ve been able to establish a very intriguing middle ground between the dollar stores and Walmart. This is something that they’ve been able to accomplish. “You could say that’s where the Giant Tiger lives,” he explained. When compared to other retailers that have opened and closed over the years, they have proven to be the most successful overall. They just weren’t able to get it done, but Giant Tiger did, so kudos to the company’s creator for that. In 2010, Reid was presented with the lifetime achievement award by the Retail Council of Canada. In 2018, the Ottawa Business Journal and the Ottawa Board of Trade presented him with a similar honor at the 2018 Best Ottawa Business Awards. Both of these awards were presented at the Best Ottawa Business Awards.