L’Entrepôt RONA In Sherbrooke To Be Converted To Réno-Dépôt Banner

Boucherville, Quebec, July 27, 2017 – Lowe's Canada announced today that the L'entrepôt RONA located at 3400 Portland Boulevard in Sherbrooke will be converted to the Réno-Dépôt banner. The store will undergo a major renovation and remerchandising project and consequently become the 22nd Réno-Dépôt store in Canada.

"Our analysis of the market in the greater Sherbrooke region has led us to conclude that given the established strength of the RONA banner in the surrounding area, consumers would benefit from increased diversification of the home improvement offer," said Guy Beaumier, Executive Vice President, Réno-Dépôt. "Réno-Dépôt contributes strategically to the strength of the Lowe's Canada network, and we are pleased to continue expanding this banner with this new address in Sherbrooke."

This project will include construction, modification of the pallet racks, re-merchandising and adjustment of the brand image. Once the conversion project is completed, individuals and commercial customers in the Sherbrooke area will find the same shopping experience and value proposition that they find at other big-box stores of this banner in Canada. The schedule for this major investment will be known in the coming months.

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.