Throwback Thursday is a regular weekly feature in which we dip into the archives of the Hardlines Weekly Report.
Twenty-five years ago, RONA announced that it had purchased Cashway Building Centres for around $50 million. The move constituted “a major step forward and a realization of RONA’s expansion strategy,” said the RONA chairman at that time, Henri Drouin. The deal added Cashway’s 61 stores in Ontario and 1999 sales of $322 million to RONA’s network of 424 stores, for a combined annual sales of $1.8 billion. Cashway was, at the time, Ontario’s third-largest retail home improvement chain.
