The home improvement retailer to open three locations in December
TORONTO, Sept. 19 /CNW/ - Lowe's Companies, Inc. (NYSE: LOW) announced
today that its subsidiary, Lowe's Companies Canada, ULC (Lowe's), plans to
open its first three stores in Canada the week of Dec. 10, 2007. The first of
six stores expected to open during fiscal 2007 will be in Brantford, Hamilton
and Brampton. A Toronto store is slated to open in late January. Lowe's has 18
additional sites in the pipeline.
"Lowe's Toronto management team has been working hard for nearly two
years to open the first of many stores we plan for Canada," said Don T.
Stallings, president, Lowe's of Canada. "These first openings illustrate our
steadfast focus on delivering an outstanding shopping experience, including
the best prices, products and service to our new Canadian customers."
Lowe's announced in 2005 its intentions to open six to 10 stores in the
Greater Toronto Area in fiscal 2007, with as many as 100 stores in Canada over
time. The company opened its Toronto office in 2006 and has more than
100 employees in the office. Hiring fairs began Sept. 15 for store employees.
Each new store will create up to 175 local jobs and represents an average
investment of more than $18.9 million CDN ($18.5 million USD).
Lowe's currently operates more than 1,425 stores in 49 U.S. states,
employing more than 210,000 people. Lowe's offers comprehensive benefits for
regular full-time and part-time positions. For more information, visit
With fiscal year 2006 sales of $46.9 billion, Lowe's Companies, Inc. is a
FORTUNE(R)50 company that serves approximately 13 million customers a week at
more than 1,425 home improvement stores in 49 states in the U.S. with plans to
open stores in Canada in fiscal 2007. Founded in 1946 and based in
Mooresville, N.C., Lowe's is the second-largest home improvement retailer in
the world. For more information, visit lowes.ca.
For further information:
For further information: Maureen Rich, Lowe's Companies, Inc., (704)