ST-ANCIENNE-LORETTE, Que. — At a time when many retailers are struggling to hold their share in the Quebec market, family-owned banner Groupe Patrick Morin has announced a bold plan to invest $25 million in strengthening its position through new stores—and possible acquisitions…
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Post-takeover, expect aggressive growth of both Lowe’s and RONA banners
TORONTO ― RONA is the dominant hardware and home improvement brand in Quebec, with close to a 30% market share (source: Hardlines Market Share Report)…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Home Depot wants more online assortments, faster delivery times
ATLANTA — Home Depot executives are anxious to grow the company’s online business, and see its exclusive range of products, as well as rapid delivery times, as keys to that success…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Lowe’s to evaluate role of various operations in its newly expanded network
TORONTO — Only two days into his new job as the head of the unified Lowe’s/RONA business, Sylvain Prud’homme admits that a lot of questions still don’t have answers…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Lowe’s Canada president outlines RONA consolidation strategy
BOUCHERVILLE, Que. ― Lowe’s is planning a “gradual evolution” at RONA after closing its acquisition of the larger Canadian retailer, according to the Canadian Press…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Two years in, Slegg remains a good fit for WSB Titan
VAUGHAN, Ont. — Slegg Lumber is a leading home centre chain on Vancouver Island. While it’s a major supplier to the area’s contractors, it has a retail face, something that its owner WSB Titan lacks…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Disappointed with sales, Canadian Tire pulls urban test store
TORONTO — As hardware retailers struggle to provide a profitable service model for downtown locations in Canadian cities, one street in Toronto has been a lab for a store model that failed, even as another an independent competitor a block away is burgeoning…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
With final hurdles cleared, Lowe’s closes deal to buy RONA
BOUCHERVILLE, Que. & MOORESVILLE, N.C. — The biggest deal in the history of Canadian home improvement retailing, and one that has been in the works in one form or another for the past five years, has finally closed…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Ex-RONA CEO Robert Dutton joins board of directors of La Coop fédérée
MONTREAL ― Robert Dutton, former president and CEO of RONA inc., has joined the board of directors of La Coop fédérée, where he will help out with Groupe BMR…
>>CLICK HERE TO READ THE FULL STORY IN OUR WEEKLY E-NEWSLETTER.
Outstanding retailers will be honoured at Hardlines Conference
WORLD HQ, TORONTO — Canada’s hardware and home improvement retailers are among the best in the country…