Lowe’s Expands in Canada
Posted on July 27, 2015 by
TORONTO-Lowe’s has set an expansion plan in Canada that will involve the opening of 14 new locations, bringing its store count north of the border to 54.
The company has completed the purchase of 12 former Target sites and will open two other locations in Ontario. The 12 Target sites are located in Ontario, Alberta, British Columbia and Saskatchewan. The purchase includes a distribution center in Milton, Ontario that cost a total of C$147.75 million (approximately $113.2 million).
The new locations “are a tremendous win for us in Canada,” said Sylvain Prud’homme, president of Lowe’s Canada. They will “help us reach additional communities more quickly,” Prud’homme added.
Once the new locations are opened, Lowe’s Canadian store count will include 37 stores in Ontario, three in Saskatchewan, nine in Alberta and five in British Columbia.