I was wondering why my local Lowe's store was being rebranded as a RONA+. Well it seems the Canadian market has been deemed to hard for another big American chain and has left the country with it's tail between its legs. How do I figure? They sold their Canadian holdings for about $400 million. I'm pretty sure they spent a lot more than that buying up RONA in the first place. At least it seems to be back under Canadian control again.
Just an addendum, Lowe's spent $2.4 Billion for RONA and is selling its assets in Canada for $400 Million. When will Americans finally realize that Canada is not like them except superficially. Our regulations (rightfully) are tougher, our tastes differ markedly, and our expectations are notably different. You can spend a long time doing your research or you can blindly jump into a market you don't understand (like Target) because. Canada. Is. Not. The. U.S.
@Cdn_Skeptic_Wm if they're 🇨🇦 owned again, i'd go back. i hate the home despot w. the burning of a thousand suns but the home hardware locally doesn't always do it for me. i'll sometimes window shop the despot then go looking for it at home hardware to make my actual purchase there. but if i've got rona as an option again, i'd go there!