{"id":6123,"date":"2016-02-11T12:30:38","date_gmt":"2016-02-11T12:30:38","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=6123"},"modified":"2016-02-11T12:30:38","modified_gmt":"2016-02-11T12:30:38","slug":"lowes-greatly-improves-its-canada-position-with-purchase-of-rona","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/02\/lowes-greatly-improves-its-canada-position-with-purchase-of-rona\/","title":{"rendered":"Lowe\u2019s Greatly Improves its Canada Position with Purchase of RONA"},"content":{"rendered":"

Major shakeups are occurring in the retail homecenter industry north of the border. Lowe\u2019s Companies Inc. has entered into a definitive agreement to acquire all of Canadian homecenter retailer Rona Inc. in a move that would pit the combined company against Home Depot. The new entity would become the leading home improvement retailer in Canada with estimated annual revenue of C$5.6 billion.<\/p>\n

Currently, Lowe\u2019s Canada operates close to 40 locations that compete with over 180 Home Depot locations and other local businesses. According to a company press release, Lowe\u2019s Chairman, President, and CEO Robert A Niblock sees growth for the company within the estimated C$45 billion and growing Canadian home improvement industry. The company also immediately gains entry into Quebec, where Rona controls the market share and Lowe\u2019s is nonexistent. Niblock also said that Rona\u2019s headquarters will remain in Boucherville, and all of Rona\u2019s multiple retail banners and distribution services to independent dealers will remain intact.<\/p>\n

Rona\u2019s current operation includes over 500 corporate and independent affiliate stores along with nine distribution centers. Fiscal 2014 sales exceeded C$4 billion, while 2015 third quarter year-to-date sales were up 2.8%.<\/p>\n

Rona Inc. Sales History*<\/span><\/strong>
\nAll years fiscal year end.<\/p>\n

\"\"<\/p>\n

*Source<\/strong>: Chain Store Guide\u2019s<\/strong> Database of Homecenter Operators & Hardware Chains \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Major shakeups are occurring in the retail homecenter industry north of the border. Lowe\u2019s Companies Inc. has entered into a definitive agreement to acquire all of Canadian homecenter retailer Rona Inc. in a move that would pit the combined company against Home Depot. The new entity would become the leading home improvement retailer in Canada… Continue reading Lowe\u2019s Greatly Improves its Canada Position with Purchase of RONA<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[5],"class_list":["post-6123","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-insight","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/6123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=6123"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/6123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=6123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=6123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=6123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}