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Home > News > Lowe's Canada Announces Aggressive Store Growth

Lowe's Canada Announces Aggressive Store Growth

Lowe's Canada Newsroom. Keep up-to-date with the latest company news through press releases that provide store updates and company information. Lowe's Canada Newsroom. Keep up-to-date with the latest company news through press releases that provide store updates and company information.

LOWE'S CANADA NEWSROOM

Keep up-to-date with the latest company news
through press releases that provide store updates and
company information

Lowe's Canada Announces Aggressive Store Growth Expanding Store Count From 40 To 54 Canadian Locations

Target acquisition accelerates Lowe's footprint in Canada

2015/07/24

TORONTO, ON (July 24, 2015) — 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:

Location City / Province Street
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 more than 1,840 home improvement and hardware stores and 265,000 employees. In Canada, Lowe's opened its first stores in December 2007 and now operates 40 stores in Ontario, Alberta, Saskatchewan and British Columbia with more than 6,000 employees. For more information, visit Lowes.ca..

BACK TO LOWE'S CANADA NEWSROOM

Contact Lowe's Canada Public Relations:

We value the media, understand your deadlines and want to help you with your story. To request product images, information on Lowe's in the community or to request an interview, please contact:

Sandy Indig

Corporate Communications Manager

sandy.indig@lowes.com

Katie Wagar

Corporate Communications Specialist

katie.e.wagar@lowes.com

General Lowe's inquiries should be sent to

infocanada@lowes.com
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