Lowe’s takes the long view of RONA integration

MOORESVILLE, N.C. — Lowe’s Cos. posted negative same-store sales in Canada during Q2, CEO Marvin Ellison said this week, due in large part to the integration of the RONA banner. Speaking to analysts by conference call, Ellison explained that the company had reviewed and adjusted its RONA integration strategy, temporarily slowing growth. “But once again, we are sacrificing short-term growth to position ourselves for long-term success,” he added, promising “additional updates on future calls”.