Lowe's Continues Canadian Expansion With New Store In Winnipeg, Manitoba
Boucherville, Quebec, June 19, 2017 – As part of its Canadian growth strategy, Lowe's Canada announces it will open a new Lowe’s store in Winnipeg, Manitoba, which represents a $34 million local investment. The new home improvement store, slated to open in early 2018, will offer more than 40,000 in-stock products to help customers build, improve and beautify their homes.
"We are excited to have this unique opportunity to join the Winnipeg community and finally open this very first Lowe’s location in Manitoba," said Jim Caldwell, Executive Vice President, Lowe’s Big Box Retail. "We believe this new store will allow us to become part of an established and active shopping hub, and will support our ongoing strategy to be the home improvement choice for Canadians. We are thrilled to be expanding into Winnipeg and see tremendous opportunity in this new market for us."
Located at 1799 Kenaston Boulevard, at the intersection of McGillivray Boulevard, the new Winnipeg Lowe's will have 95,000 square feet of retail sales space, with an adjacent garden centre of 20,000 square feet. The store will create approximately 125 permanent jobs with an additional 30 to 35 seasonal positions.
Since the beginning of 2017, Lowe’s opened new stores in Milton (ON), Sherwood Park (AB) and London SW (ON). The Winnipeg Lowe’s store will be the first one in Manitoba. Lowe’s growing network in Canada currently has more than 55 stores under the Lowe’s banner.
About Lowe's Canada
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service 2,365 home improvement and hardware stores and employ over 290,000 people. Based in Boucherville, Quebec, Lowe's Canadian business, together with its wholly owned subsidiary, RONA inc., operate or service over 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe's, RONA, Réno-Dépôt, Marcil, Dick's Lumber and Ace. In Canada, the companies have more than 25,000 employees, in addition to nearly 5,000 employees in the stores of RONA's independent affiliate dealers.