Lowe’s Canada To Expand Store Count in Canada

by Katie Lee

Toronto — In addition to completing the acquisition of 12 former Target sites, Lowe’s Canada also plans to open two more locations in Ontario. Construction is currently underway in Ancaster and Mississauga, representing an additional investment in excess of approximately C$50 million.

“These 14 new locations are a tremendous win for us in Canada, accelerating our growth across the country and bringing our total store count to 54 locations,” says Sylvain Prud’homme, president of Lowe’s Canada.

The new Lowe’s store sites are located across Canada, many in markets where Lowe’s is currently underpenetrated. As a result of these new locations, approximately 2,000 jobs will be created in Canada, and Lowe’s total Canadian store count will increase to 54 locations including 37 stores in Ontario, three in Saskatchewan, nine in Alberta and five in British Columbia.

Lowe’s Canada is slated to open its 40th store in Saskatoon, Saskatchewan, in August 2015. Opening dates for the remaining 14 locations will vary based on construction and permitting schedules.

Lowe’s Companies, Inc. has 1,840 home improvement and hardware stores and more than 265,000 employees. In Canada, Lowe’s opened its first stores in December 2007 and now operates 39 stores in Ontario, Alberta, Saskatchewan and British Columbia. For more information, visit www.lowes.ca.

SOURCE: Lowe’s Canada

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