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Lowe's Companies Inc. said Wednesday it will close 34 'underperforming' stores across six provinces as part of a restructuring of its Canadian business.
A list of the 31 stores and other locations that Lowe's Companies Inc. says it will close in Canada as part of a plan to focus on its most profitable operations
Lowe's Companies Inc. says it plans to close 31 Canadian stores and other locations as part of a plan to focus on its most profitable operations.
Lowe's plans to convert 40 big box Rona stores across Canada to the name of the U.S. parent starting early next year.
Lowe's has boosted its offer for Rona's remaining preferred shares, more than four months after the U.S. home renovation retailer closed its $3.2-billion takeover of its Canadian rival.
Lowe's is blaming its lowered earnings outlook for 2016 on the acquisition of Rona, but says it's on track to double the Canadian chain's profitability within five years.
Lowe's is meeting with potential Quebec suppliers next month, spurring speculation that the American home renovation retailer is preparing the groundwork to enter the home turf of Canadian rival Rona.
Lowe's Canada said Friday it will spend $50 million to build two new stores in Ontario. In addition to a dozen former Target Canada stores it recently acquired, the home improvement retailer said it will grow to 54 stores in Canada.
The robots are coming. Lowe's is testing whether new bots on wheels can improve its customer service, like helping a shopper find a match for something as simple as a nail.
Lowe's second-quarter net income increased 10 per cent, bolstered by improving weather.