LOWE’S POSTS STRONG CANA­DIAN SALES

National Post (Latest Edition) - - FINANCIAL POST - Hol­lie Shaw, Fi­nan­cial Post

Lowe’s Cos. Inc. is in a strong po­si­tion in Canada even be­fore the home im­prove­ment gi­ant closes its pend­ing $ 3.2- bil­lion ac­qui­si­tion of Rona Inc. The North Carolina- based re­tailer, which an­nounced a friendly takeover of the Que­bec- based hard­ware chain ear­lier this month, posted its third con­sec­u­tive year of dou­ble-digit Cana­dian same­store sales growth on Wed­nes­day. For the fourth quar­ter ended Jan. 29, Lowe’s said its sales at stores open for more than a year in Canada grew 13.8 per cent com­pared with the same pe­riod a year ago, up from 7.5- per­cent same-store sales growth in the third quar­ter.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.