TORONTO — The withdrawal of Target’s Canadian operations has been a boon to Lowe’s according to the Financial Post. Lowe’s, which posted its highest same-store sales since 2007 last week, recently announced it will acquire 13 of Target’s former Canadian properties, easing concerns about its opportunities for growth after its bid for RONA was rebuffed. Speculation continues about a possible future bid, and Lowe’s is still dwarfed by its competitors. Citing Hardlines, the report notes that Home Depot’s 2014 sales of $5.6 billion matched RONA’s, while Lowe’s trailed at $1 billion.
Target exit could benefit Lowe’s
Most Recent
Most Read
Taiga Building Products posts Q1 results
Mon, May 06th, 2024
Ace Hardware in U.S. debuts line of barbecue sauces
Mon, May 06th, 2024
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024