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Canada’s Home Hardware: ‘We’re Not for Sale’

Last week, news broke that Lowe’s came to an agreement to buy Canadian home improvement retailer and distributor RONA Inc.

Regardless of that change in ownership, Canadian shoppers can expect one familiar home improvement company to stay Canadian, and that company is Home Hardware.

After the big RONA announcement, Home Hardware CEO Terry Davis spoke with Bloomberg TV Canada and answered questions on topics including the frequency of Canadian businesses selling to companies in other countries.

He also mentioned that, in the past, RONA had expressed interest in buying Home Hardware.

“RONA wanted to buy us,” Davis says on Bloomberg TV Canada. “They have a different culture than we do. They used to have the very same culture we did, before they went public. It’s just a whole different business model, different culture, culture change.”

No companies have recently looked into purchasing Home Hardware, but he knows what he would say if they did.

“No, we’re not for sale,” Davis says.

Rather, Home Hardware is focusing on how to adapt to the constantly changing retail landscape, he says.

“We’ve got great competitors in Canada that keep us on our toes,” Davis says. “Last year we launched our e-commerce platform. Right now, we’re working at the next iteration of that, which is to ship directly to the consumer.”

About Renee Changnon

Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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