Greenhouse Canada

Features Business Marketing
Box Watch – May/June 2006


March 12, 2008
By Greenhouse Canada

Topics

Home Depot Canada Planning 18 New Stores.  Home Depot Canada plans to open 18 new stores this year, a move that is
expected to create about 2,200 jobs. The Atlanta-based company already
operates 138 stores across Canada.

Home Depot Canada plans to open 18 new stores this year, a move that is expected to create about 2,200 jobs. The Atlanta-based company already operates 138 stores across Canada.

“We have stuck to our strategy of providing innovative and exciting products, creating a fun place to shop and employing the most knowledgeable associates in the country because that’s what our customers want,” says company president Annette Verschuren.

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The Canadian division of Home Depot produced revenues of $5.5 billion in 2005. It employs about 26,000 people across the country. The expansion announcement comes as the company prepares for the entry of another U.S.-based competitor into the Canadian market. Lowe’s Companies Ltd. announced last June that it planned to open six to 10 stores in the Toronto market in 2007.

Canadian-based competitors in the home improvement field also include Rona Inc. and Canadian Tire.


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