Lowe's to Open Canadian Stores in 2007

Mooresville, NC, June 6--Lowe's said today that the company plans to build on its aggressive expansion plan by extending the reach of its stores into Canada. The company said it expects to open its first Canadian stores in Toronto in 2007. Initially, Lowe's plans to open six to 10 stores in the Toronto market in 2007, creating approximately 1,700 new Canadian jobs. Long-term plans include the potential for as many as 100 Lowe's stores in Canada as the company continues to evaluate additional opportunities for future expansion. Lowe's will establish an office in the Toronto area later this year, which will be led by Doug Robinson, newly named president of the Canada operation. Over the next several months, Robinson will build a team to manage the company's entry into Canada and ongoing operations to best serve the unique needs of Canadian customers. Robinson will report to Greg Bridgeford, Lowe's executive vice president of business development during the market entry planning phase. When stores become operational, he will report to Niblock. Over the next several months, Robinson will build a team to manage the company's entry into Canada and ongoing operations to best serve the unique needs of Canadian customers. "Building on Lowe's home improvement expertise and passion for outstanding customer service, extending our business into Canada is not only a logical expansion of our growth strategy, it's a tremendous opportunity to serve a vibrant, growing home improvement market," explained Robert A. Niblock, Lowe's chairman, president and CEO.

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