Lowe’s Canada to expand into former Target locations, Report

Lowe’s Canada announced Friday it will open 14 new stores in Canada, including 12 at former Target locations.

“These 14 new locations are a tremendous win for us in Canada, accelerating our growth across the country and bringing our total store count to 54 locations,” Sylvain Prud’homme, the American-based retailer’s president, said in a July 24 release.

“We continue to receive a positive reaction from our customers on our store experience and this helps us reach additional communities more quickly.”

According to Lowe’s, the 14 new locations, which includes the construction of two new stories in Mississauga and Ancaster, will also result in the creation of an estimated 2,000 new jobs.

Lowe’s recently completed the $148 million acquisition of 12 former Target sites in Canada as well as the chain’s Ontario distribution centre in Milton.

Opening dates for the 14 new stories will vary based on construction and permitting schedules.

In January, Target announced it would be shutting down its 133 Canadian stores, most of which opened in 2013. The Shoppers World Danforth location in east-end Toronto closed its doors for good on April 4.

Agencies/Canadajournal