Boucherville, Quebec (Canada) — Lowe’s Canada has formed its new leadership team positioned to help drive Lowe’s Canadian business strategy by leading a new operating model focused on growth. This model will help Lowe’s Canada deliver better customer experiences in each segment and market it serves.
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Toronto — Lowe’s Canada has appointed Jeff Boyd as vice president, real estate, construction and store design, effective immediately. Boyd joined Lowe’s in October 2007 and has played an instrumental role in the development of the company’s real estate and construction function in Canada over the past 7 and a half years.
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.
Toronto — Lowe’s Canada has reached agreement to acquire the leases of 13 former Target Canada locations and to purchase Target’s Milton, Ontario, distribution center for approximately C$151 million. This acquisition came as part of a real estate auction following Target’s decision to cease operations in Canada.