Lowe's Companies Canada, ULC, a subsidiary of Lowe's Companies, Inc. opened its first three Canadian stores in the Greater Toronto Area, marking the home improvement retailer's first international expansion. Stores opened in South Brampton, Brantford, and Hamilton. Three additional stores are slated to open Feb. 1, 2008, and a seventh is planned to open shortly thereafter. Lowe's has more than 15 additional Canadian sites in the pipeline in various stages of development.
Stores in East Gwillimbury, North Brampton, and Toronto are slated to open Feb. 1, followed by one in Maple. Lowe's announced in 2005 its intentions to open its first stores in the Greater Toronto Area, with as many as 100 stores in Canada over time. Each new store creates up to 175 local jobs and represents an average investment of more than $18.7 million CDN (approx. US$18.5 million).