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Rona Inc
Symbol RON
Shares Issued 106,904,501
Close 2016-02-09 C$ 23.45
Market Cap C$ 2,506,910,548
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Rona to open five new stores, expand two others

2016-02-10 09:46 ET - News Release

Ms. Valerie Gonzalo reports

RONA CONTINUES TO EXPAND ITS NETWORK OF STORES: COMPANY TO OPEN FIVE NEW STORES AND CONVERT TWO PROXIMITY INTO BIG BOX STORES

Rona Inc. will be opening three new Reno-Depot stores in Quebec (Boucherville, Trois-Rivieres and Valleyfield), along with two new Rona stores (Saint-Felix-de-Valois, Que., and Moose Jaw, Sask.), and the expansion of two existing Rona stores which are being converted into big-box stores (Saskatoon, Sask., and Chateauguay, Que.).

"Last year, we were very active with our plans to open new stores, and we are pleased to begin 2016 with all these projects under way. The markets for the stores were carefully selected to increase our reach and to provide better service to surrounding-area communities," says Luc Rodier, executive vice-president of retail, at Rona.

With the addition of three new stores, the Reno-Depot banner will see its number of locations increase to 22. The 70,000-square-foot Boucherville store will be located in a former Maxi store on Nobel Street and will be ready to welcome its first customers in July. The two other Reno-Depot stores will each occupy an area of 50,000 square feet. The one in Trois-Rivieres will be located in the Les Rivieres shopping centre, occupying space vacated by Target. The opening is scheduled for June, 2016. Construction of the new Reno-Depot store in Valleyfield on Monseigneur-Langlois Boulevard will begin in 2016 with a planned opening in early 2017.

"The new Reno-Depot store concept that occupies 50,000 square feet allows us to optimize our retail space and gives us access to a greater number of markets across the country compared to the traditional 80,000-square-foot space reserved for big-box stores," adds Mr. Rodier.

In Saint-Felix-de-Valois, in the Lanaudiere region, construction of the new 25,000-square-foot Rona store will begin this year, with a scheduled opening in early 2017. It will be located on Henry-L.-Chevrette Boulevard. In Moose Jaw, the new Rona store will occupy 35,000 square feet of space in a location previously owned by Sobeys. Work is proceeding well with an opening scheduled for March.

As for the conversions of two Rona stores into big-box stores, the proximity store in Saskatoon recently became a Rona Home and Garden with the addition of 25,000 square feet. Work at the location lasted five months and was completed in January. The Chateauguay Rona store will see its retail space increase by 40 per cent, adding 15,000 square feet, and will become a Rona L'entrepot location. The interior of the store is being completely redesigned with work set to be completed in early March.

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