Lowe’s announces the appointment of Sylvain Prud’homme as president, international

Prud’homme also retains role as President and CEO of Lowe’s Canada

Mooresville, N.C., 2017-Dec-07 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) today (12/06/2017) announced that Sylvain Prud’homme has been appointed president, international, effective Dec. 15. He will report to Chairman, President & CEO Robert A. Niblock and will remain based in Boucherville, Quebec. Prud’homme will continue to serve as president and CEO of Lowe’s Canada and add responsibilities for the Mexico business, with the president of Lowe’s Mexico now reporting to him. This appointment follows the announcement that Richard D. Maltsbarger will be transitioning to chief operating officer of the U.S. business in February.

“Sylvain’s outstanding operational leadership has been instrumental in growing the company into one of the leading home improvement retailers in Canada,” said Niblock. “We continue to be pleased with the integration of RONA and believe we are well positioned for continued success in Canada.”

Niblock added, “Sylvain has more than three decades of experience in the retail industry and we feel confident that he will continue to drive operational excellence for our operations in Canada and Mexico.”

Prud’homme joined as president of Lowe’s Canada in 2013 and, following the acquisition of RONA in 2016, was named president and CEO of Lowe’s Canada. He is responsible for driving the Canadian home improvement business for Lowe’s, including RONA’s network of stores and independent dealers operating under other banners.

“I’m honored to lead strong leadership teams in both Canada and Mexico and continue building on the positive momentum and growth in these operations over the past several years,” said Prud’homme.

Prior to Lowe’s Canada, Prud’homme served as executive vice president of operations and merchandising for Loblaw Companies Limited. He was also president of western operations for Sobeys Inc. and spent several years as senior vice president of operations and merchandising for Walmart Canada.

Prud’homme earned an MBA from the HEC Montreal business school. He is a member of the board of directors for the Retail Council of Canada.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

Canada Media Inqueries:

Valérie Gonzalo
Media Relations
Lowe’s Canada – RONA
514.626.6976
media@rona.ca

Shareholders’/Analysts’ Inquiries:

Tiffany Mason
Lowe’s Companies, Inc.
704-758-2033
tiffany.l.mason@lowes.com

Source: Lowe’s Companies, Inc.

Lowe’s Canada stores wins three awards at the Hardlines Outstanding Retailer Awards

  • Best Large Surface Retailer – Lowe’s Barrie (ON)
  • Best Building Supply/Home Centre (< 15,000 s.f.) – Ace Matériaux Armand Dumaresq (QC)
  • Contractor Specialist – RONA Penticton (BC)

Boucherville, Québec, 2017-Nov-17 — /EPR Retail News/ — Lowe’s Canada is proud to celebrate the achievement of three of its stores at the Hardlines Outstanding Retailer Awards which took place on Tuesday, November 14 in Niagara Falls. Three of Lowe’s Canada’s banners, namely Lowe’s, Ace and RONA, have taken home awards in the following categories: Best Large Surface Retailer – Lowe’s Barrie (ON); Best Building Supply/Home Centre (< 15,000 s.f.) – Ace Matériaux Armand Dumaresq (QC) and Contractor Specialist – RONA Penticton (BC).

“Thanks to its multi-banner, multi-format network of stores, Lowe’s Canada is ideally positioned to meet the needs of today’s various consumers segments, from DIYers to pros and contractors, no matter their type of home improvement project, and no matter where they live,” mentioned Sylvain Prud’homme, President and CEO of Lowe’s Canada. “These awards attest once again of the diversity of our vast network and of the strength of our business model. I wish to extend our most sincere congratulations to the awardees and their entire teams who work hard, day after day, to offer the best shopping experience to our customers.”

Best Large Surface Retailer – Lowe’s Barrie (ON)
The Lowe’s in Barrie opened its doors nine years ago with the purpose that sets the Lowe’s banner apart: “To help people love where they live.” With a team of 155 employees, customer focus has translated into an increase in customer count exceeding 8% in 2017 (year to date), and sales growth trending consistently above 10% for the last four years. The team’s engagement in showing the value it offers, from merchandise presentation standards to process and procedure, is key in explaining this success. If marketing brings customers in, the in-store experience (service, in stock, cleanliness, knowledge, etc.) turns them into loyal customers. The Lowe’s Barrie store is also very active in the community. Recent initiatives include collaborations with the Women’s Shelter in Barrie and Habitat for Humanity in Huronia, food drives for the Barrie Food Bank, and various toy drives.

Best Building Supply/Home Centre (< 15,000 s.f.) – Ace Matériaux Armand Dumaresq (QC)
Guy Samson purchased Ace Matériaux Armand Dumaresq in Rivière-au-Renard in July 2014. Previously family-owned, the business started up as a saw mill and eventually included a hardware store that was founded about 25 years ago. When he bought the company in 2014, Mr. Samson was facing several challenges: saturated market shares, a competitive environment that included three other hardware stores in his territory, decreasing demographic rate and high unemployment rate. To gain market shares, he chose to rely on a very strong customer service approach. Many SKUs were added to the inventory, the warehouse was expanded by 4,500 sq. ft. and the store by 1,200 sq. ft. This new approach was a huge success: the store increased it sales by more than 400% in just 27 months of operation.

Contractor Specialist – RONA Penticton (BC)
In 2005, the Mielke family created a joint venture with RONA to open RONA Penticton in the heart of the Okanagan Valley. The store customer base is a 50-50 retail-contractor split. In 2016, the store expanded its EWP yard and garden centre, moved the door and countertop shop into a new facility, expanded the Penticton Contractor Desk and opened a new satellite Contractor First location in Osoyoos. This 2,000 sq. ft satellite store with two acres and a staff of 11 allowed RONA Penticton to expand in the South Okanagan and have the Penticton store focus on sales closer to home. As a result, both locations are thriving and in ratio to the size of its operation, Osoyoos is one of the highest performer nationwide within RONA.

About the Outstanding Retailer Awards
Launched in 1992, the Outstanding Retailer Awards are the industry’s only national awards program dedicated to celebrating the achievements of hardware and building supply dealers in Canada. In its 25-year history, the program has honoured more than 150 retailers. The 2017 awards were presented at a special ORA Gala Dinner organized as part of the Hardlines Annual Conference, held November 14, at the Sheraton on the Falls in Niagara Falls.

About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA inc., operates or services more than 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Marcil, Dick’s Lumber and Ace. In Canada, the companies have more than 25,000 employees, in addition to nearly 5,000 employees in the stores of RONA’s independent affiliate dealers. For more information, visit Lowes.ca.

For more information, please contact:

Valérie Gonzalo
Media Relations
Lowe’s Canada – RONA
Tel 514.626.6976
media@rona.ca

Source: Lowe’s Companies, Inc.

Lowe’s Canada shines a spotlight on its distinctive features with new corporate video

Boucherville, QC, 2017-Oct-23 — /EPR Retail News/ — Lowe’s Canada, a leading home improvement company, is proud to unveil its new corporate video. The video shines a spotlight on the company’s distinctive features, including a multi-format, multi-banner store network designed to meet Canadian consumers’ every renovation need, and all the Lowe’s Canada employees driving the company’s success.

“We wanted a tool that captures what Lowe’s Canada is all about—a way to share our values, the diversity of our network, and the things that inspire us day-to-day,” says Sylvain Prud’homme, president and CEO of Lowe’s Canada. “Our purpose is to help people love where they live. That’s why we wanted a video that would speak to, and inspire, both our customers and our employees.”

For the purpose of this video, images were shot from coast to coast, featuring employees and dealers from each banner to illustrate the strength of Lowe’s Canada’s network.

You can view Lowe’s Canada’s new corporate video here. The video is a production of Sid Lee Montreal.

About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA inc., operates or services more than 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Marcil, Dick’s Lumber and Ace. In Canada, the companies have more than 25,000 employees, in addition to nearly 5,000 employees in the stores of RONA’s independent affiliate dealers. For more information, visit Lowes.ca.

For more information, please contact

Valérie Gonzalo
Media Relations
Lowe’s Canada – RONA
Tel 514.626.6976
media@rona.ca

SOURCE: Lowe’s

Lowe’s Canada takes part in Habitat for Humanity Canada’s biggest build project ever

Boucherville, Quebec, 2017-Jul-05 — /EPR Retail News/ — Lowe’s Canada will be part of Habitat for Humanity Canada’s biggest build project ever. Habitat for Humanity’s 34th Jimmy & Rosalynn Carter Work Project will be taking place in every province and territory across Canada with a goal to collectively build 150 homes to mark Canada’s 150th anniversary of Confederation. Former U.S. President Jimmy Carter and his wife Rosalynn, will be visiting Canada from July 9-14, 2017, focusing their efforts in Edmonton, Alberta, and in Winnipeg, Manitoba. Volunteers from some 15 Lowe’s and RONA stores as well as from Lowe’s Canada head office will work alongside the Carters and contribute to both the Edmonton and Winnipeg builds.

Habitat Canada has a long history of creating affordable housing opportunities in the country. People living in Habitat homes not only help to build their own houses, they also pay affordable mortgages. Habitat for Humanity’s innovative approach helps working families on a new path to better, affordable living conditions that lead to improved health and stronger childhood development, as well as a decrease in reliance on food banks.

“At Lowe’s Canada, our shared purpose is to ‘help people love where they live.’ We are therefore extremely proud to support Habitat for Humanity Canada’s important work because we believe that everyone in Canada has the right to a safe, affordable and decent place to live in,” said Sylvain Prud’homme, president and CEO of Lowe’s Canada. “Being involved in the communities we serve is important to all our employees across our various banners. Through this project and the several others to which we contribute each year, including through our Lowe’s Heroes program, we strive to build stronger, more sustainable communities.”

Since 1984, President and Mrs. Carter have traveled around the world with Habitat, to build and improve homes. Their time and effort helps to raise awareness of the critical need for affordable home ownership around the world. Inspiring millions over the last three decades, President and Mrs. Carter have worked alongside nearly 100,000 volunteers in 14 countries to build, renovate and repair more than 4,000 homes.

To donate or learn more about the 34th Jimmy & Rosalynn Carter Work Project, please visit habitat.ca/cwp.

About Lowe’s Canada

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service 2,365 home improvement and hardware stores and employ over 290,000 people. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA inc., operate or service over 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Marcil, Dick’s Lumber and Ace. In Canada, the companies have more than 25,000 employees, in addition to nearly 5,000 employees in the stores of RONA’s independent affiliate dealers. For more information, visit Lowes.ca.

About Habitat for Humanity Canada

In Canada, Habitat for Humanity has been working since 1985 toward a world where everyone has a decent and safe place to live. With the help of over 70,000 volunteers every year and 56 local organizations from coast to coast to coast, we believe in bringing communities together to help families build strength, stability and independence through affordable homeownership. Worldwide, more than 9.8 million people have partnered with Habitat for Humanity to build or improve a place they can call home. For more information, visit habitat.ca.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in more than 1,300 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org

For more information, please contact:

Sarah Austin
Habitat for Humanity Canada
800-667-5137 ext. 302
saustin@habitat.ca
habitat.ca/cwp

Valérie Gonzalo
Lowe’s Canada
514-626-6976
media@rona.ca
www.lowes.ca

Source: Lowe’s Companies, Inc.

Two New RONA Stores Opens in Quebec

Boucherville (Québec), 2017-Apr-15 — /EPR Retail News/ — Today (April 13, 2017), Lowe’s Canada announced the official opening of two new RONA stores in Quebec: in Saint-Félix-de-Valois and Rouyn-Noranda. With the opening of these two stores, the banner is accelerating the growth of its network. This investment of more than $4 million will create 21 jobs in Saint-Félix-de-Valois and 30 jobs in Rouyn-Noranda.

“We are proud to continue the expansion of RONA, a banner that has clearly been identified as a strategic growth driver for Lowe’s Canada,” said Sylvain Prud’homme, President and CEO of Lowe’s Canada. “We undertook to reposition the RONA banner with the goal of making it the number one banner in the proximity store market (small and medium size) in Quebec and Canada. This market represents about 56% of the home improvement market in Canada. The opening of the RONA stores in Saint-Félix-de-Valois and Rouyn-Noranda is part of this dynamic.”

The two new RONA stores, strategically located in the heart of popular commercial areas, offer a shopping experience and a value proposition that make this banner so popular among consumers. The RONA store in Saint-Félix-de-Valois has an area of nearly 19,300 square feet, plus a 13,000 square-foot indoor lumber yard. For its part, the RONA in Rouyn-Noranda takes up 32,000 square feet of space, in addition to a lumber yard of more than 90,000 square feet.

Customers of these two new locations, which carry 12,000 to 20,000 products, will also have access to the full range of RONA products on rona.ca. Each store offers the following major product categories: paint, lighting, hardware, electricity, tools and seasonal products. They also have specialized departments for building materials, doors and windows, bathrooms and kitchens, plumbing and flooring. Services offered at these new RONA locations include installation, cutting, delivery, as well as sales to businesses and contractors. Customers will be also able to take advantage of the AIR MILES® rewards program and the very attractive RONAdvantages financing program.

“This year, RONA is implementing more growth projects in one year than it has over the past five years. With the opening of four new proximity stores, the major renovation of nine stores, the introduction of appliances, the extensive review of our product selection in several categories, and the development of an omni-channel strategy (web, mobile and store), our customers can make their choices when, where and how they want to,” added Serge Éthier, executive vice-president, RONA Proximity. “The experienced RONA teams in Saint-Félix-de-Valois and Rouyn-Noranda will be able to guide and advise local consumers on their renovation and construction projects. In this regard, our stores will be indispensable in their respective markets.”

To underscore its commitment to the local community, the RONA store in Saint-Félix-de-Valois made a financial contribution of $5,000 to the Club de Volleyball Drakkar at École secondaire de l’Érablière. This donation is intended to support this organization, which promotes sports in school while giving priority to the academic component and supporting all the athletes, who are a source of pride for the local community, distinguishing themselves on the provincial and national levels. For its part, the RONA store in Rouyn-Noranda presented a financial contribution of $5,000 to the Club optimiste Rouyn-Noranda. This donation will enable the organization to support the community’s primary schools, along with young people, so that they can develop their full potential.

Note that on Saturday, April 15, from 10:00 a.m. to 1:00 p.m., the RONA store in de Saint-Félix-de-Valois will receive a very special guest: NASCAR Pinty’s Series racer Alex Tagliani, who is proudly sponsored by Lowe’s Canada and all of its banners for the 2017 season. He will be available for a photo and autograph session with his No. 18 car from Tagliani Autosport.

To share this news on social media, please use #RONAOpenings and @RONAinc.

About Lowe’s Canada

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2015 sales of $59.1 billion, Lowe’s and its related businesses operate or service more than 2,355 home improvement and hardware stores and employ over 285,000 employees. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA, inc., operates over 535 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Marcil, Dick’s Lumber and Ace. In Canada, the companies have more than 24,000 employees, as well as more than 5,000 employees in the stores of RONA’s independent affiliate dealers. For more information, visit Lowes.ca.

SOURCE: Lowe’s

For more information, please contact:

Valérie Gonzalo
Media Relations
Lowe’s Canada – RONA
Tel 514.626.6976
media@rona.ca

Lowe’s Canada sponsors Tagliani Autosport’s #18 racecar for the 2017 NASCAR Pinty’s Series (NPS) season

Lowe’s Canada sponsors Tagliani Autosport’s #18 racecar for the 2017 NASCAR Pinty’s Series (NPS) season

 

Boucherville (Québec), 2017-Mar-22 — /EPR Retail News/ — Lowe’s Canada is proud to announce its sponsorship of Tagliani Autosport’s #18 racecar for the 2017 NASCAR Pinty’s Series (NPS) season. In 2016, Alex Tagliani enjoyed his best season ever in the NASCAR Canada division and Lowe’s Canada looks forward to a very exhilarating new season ahead.

“We are very excited to support Alex Tagliani, a driver who holds an exceptional track record in the racing world and who shares the same values as Lowe’s Canada in terms of excellence and integrity,” commented Mr. Sylvain Prud’homme, President and CEO of Lowe’s Canada. “We look forward to a very exciting NASCAR Pinty’s Series season with Alex and his entire team.”

“I am very excited about our newest sponsor, Lowe’s Canada,” mentioned Alex Tagliani. “As someone who really enjoys home renovation and construction, carrying the Lowe’s logo is a huge honour for me. It’s no secret that I spend as much time as I can in Lowe’s various banners and can often be found there while my wife is running some other errands! It’s not every day that you can find such a personal connection with the brands you represent. I can’t wait to start interacting with our new fans, customers and Lowe’s employees across Canada.”

Between May and September, Alex Tagliani and his #18 racecar will visit stores across Lowe’s Canada banners, including Lowe’s, RONA and Réno-Dépôt, where he will meet fans and sign autographs. Lowe’s Canada will also work closely with EpiPen — another one of Alex Tagliani’s sponsors — in variety of promotional events to further promote a safe environment and raise awareness not only for racers who suffer from food allergies, such as Alex Tagliani, but all those who live with that reality.

About Lowe’s Canada

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2015 sales of $59.1 billion, Lowe’s and its related businesses operate or service more than 2,355 home improvement and hardware stores and employ over 285,000 employees. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA, inc., operates over 535 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Marcil, Dick’s Lumber and Ace. In Canada, the companies have more than 24,000 employees, as well as more than 5,000 employees in the stores of RONA’s independent affiliate dealers. For more information, visit Lowes.ca.

For more information, please contact:

Valérie Gonzalo
Media Relations
Lowe’s Canada – RONA
Tel 514.626.6976
media@rona.ca

Source: Lowe’s Companies, Inc.

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Lowe’s Canada announces two more locations in Ontario in addition to completing the acquisition of 12 former Target sites

Target acquisition accelerates Lowe’s footprint in Canada

TORONTO, ON, 2015-7-28 — /EPR Retail News/ — Lowe’s Canada announced today that in addition to completing the acquisition of 12 former Target sites, the company 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,” said Sylvain Prud’homme, president of Lowe’s Canada. “We continue to receive a positive reaction from our customers on our store experience and this helps us reach additional communities more quickly.”

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, 3 in Saskatchewan, 9 in Alberta and 5 in British Columbia.

Lowe’s acquisition of the 12 former Target locations has been completed, including the purchase of Target’s Milton, Ontario distribution centre for a total purchase price of approximately C$147.75 million. This acquisition came as part of a real estate auction following Target’s decision to cease operations in Canada.

The 14 new stores, located across the country will enhance Lowe’s presence in Western Canada and strengthen its base in Ontario adding four new sites in British Columbia, two in Alberta, one in Saskatchewan and seven in Ontario as follows:

Abbotsford Power Centre Abbotsford, BC 1225 Sumas Way
Nanaimo North Town Centre Nanaimo, BC 4750 Rutherford Road
Prince George Prince George, BC 2999 Massey Drive
Victoria Tillicum Victoria, BC 3170 Tillicum Road
Shoppes at Shawnessy Calgary, AB 295 Shawville Blvd SE
Signal Hill Centre Calgary, AB 5696 Signal Hill Centre SW
Northgate Mall Regina, SK 355 Albert St. N
Ancaster Ancaster, ON 100 Portia Drive
Milton Mall Shopping Centre Milton, ON 55 Ontario Street South
Mississauga Mississauga, ON 5348 Mavis Road
Centrepoint Mall North York, ON 6600 Yonge Street
RioCan St. Laurent Ottawa, ON 1021 St. Laurent Blvd
Shoppers World Danforth Toronto, ON 3003 Danforth Avenue
Intercity Shopping Centre Thunder Bay, ON 1000 Forth William Road

The new distribution centre in Milton, Ontario is strategically located to serve the company’s current and future stores.

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.

About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customers a week in the United States, Canada and Mexico through its stores and online. With fiscal year 2014 sales of $56.2 billion, Lowe’s 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 with more than 6,000 employees. For more information, visit www.lowes.ca.

Lowe’s Canada to acquire the leases of 13 former Target Canada locations and to purchase Target’s Milton, Ontario distribution centre for C$151 million

Accelerates Lowe’s Expansion Across Canada

TORONTO, 2015-5-12 — /EPR Retail News/ — Lowe’s Canada announced today it has reached agreement to acquire the leases of 13 former Target Canada locations and to purchase Target’s Milton, Ontariodistribution centre for a total purchase price of approximately C$151 million.  This acquisition came as part of a real estate auction following Target’s decision to cease operations in Canada.

“Since opening stores in Canada in 2007, we have developed a successful model for providing the Canadian customer with outstanding service and quality products for the home,” said Sylvain Prud‘homme, president of Lowe’s Canada.  “These additional locations will accelerate our expansion across the country, enhancing our presence in Western Canada and strengthening our base in Ontario. We are excited to bring Lowe’s to more customers in more communities in Canada, further demonstrating our commitment to this important market.”

The store sites are located across Canada, many in markets where Lowe’s is underpenetrated.  The distribution centre in Milton, Ontario is strategically located to serve Lowe’s current and future stores.  As a result of the transaction, approximately 2,000 jobs will be created in Canada.

The proposed acquisitions are subject to court approval in Target Canada’s proceedings under the Companies’ Creditors Arrangement Act and certain other customary conditions. The court run process is expected to be completed by June 30, 2015.

About Lowe’s Canada
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customers a week in the United States, Canada andMexico through its stores and online. With fiscal year 2014 sales of $56.2 billion, Lowe’s has 1,840 home improvement and hardware stores and more than 265,000 employees. InCanada, Lowe’s opened its first stores in December 2007 and now operates 38 stores inOntario, Alberta, Saskatchewan and British Columbia with more than 6,000 employees. For more information, visit Lowes.ca.

Contact

If you’re a journalist working on a story about Lowe’s:704-758-2917PublicRelations@lowes.com