Gordon Reid, a Canadian businessman and founder of the popular discount chain Giant Tiger, has died.
A statement from the company said he passed away at his home in Ottawa after a brief illness. He was 89.
Reid worked in the retail industry since he was 13 years old. He opened the first Giant Tiger store in 1961 in Ottawa's ByWard Market. The store remains in operation today.
Giant Tiger now has 265 locations across Canada and employs more than 10,000 people.
"Giant Tiger has always been a family-owned company and is professionally managed in accordance with industry standards. No change in ownership or management is expected to result from Gordon's passing," the company said in a news release.
"Mr. Reid is famously known for crediting the success of Giant Tiger to its strong network of store franchisees and a profound respect for the customers and the communities the stores serve. He is well known for saying, 'When your customers are your neighbours, you want to do things right.'"
Retail analyst Bruce Winder says Reid left behind a 'massive legacy.'
"If you look at Giant Tiger now, it's across numerous provinces. They're doing billions of dollars in sales," he said. "For me, the thing that tells the story is think about retailers like BiWay and Bargain Harold's; they're long gone, but Giant Tiger survived and Giant Tiger thrived."
Winder attributes Giant Tiger's success to Reid's business prowess and value for the customer.
"I think what Giant Tiger's done is they've been able to find a very interesting middle ground in between the dollar stores and Walmart. That's kind of where Giant Tiger lives," he said. "They've been the best in breed when you look at other retailers who've come and gone. They just couldn't pull it off, but Giant Tiger did, so hats off to the founder."
In 2010, Reid was awarded the Retail Council of Canada's lifetime achievement award and in 2018, the Ottawa Business Journal and the Ottawa Board of Trade awarded him a similar honour at the 2018 Best Ottawa Business Awards.
"Gordon was a giant within Canada's retail sector, an innovator who reshaped the industry," said Gino DiGioacchino, interim President and Chief Executive Officer of Giant Tiger in a news release. "To us, he was also a friend and mentor. He will be greatly missed."
A commemoration of his legacy will be held at a later date, spokesperson Alison Scarlett said.
Reid is survived by his wife Nancy, his daughter Jacqueline; sons Scott and Blake; step-children Daryl, Laurie, and Kevin; grand-children Kelsey, Devan, Sarah, Max, Nathan, and Ryan; and great-granddaughter Dylan.
