Content about RONA

January 21, 2013

Boucherville, Quebec-based RONA has entered into an agreement with two of its largest shareholders, Caisse de dépôt et placement du Québec and Invesco Canada, providing for, among other things, changes to its board of directors.

December 13, 2012

The unexpected departure of Robert Dutton, CEO of RONA for the last 20 years, has breathed new life into the possibility that Lowe’s will finally get its hands on Canada’s largest home improvement chain. Dutton stepped down on Nov.  9, two months after he and his board of directors fended off a takeover by Lowe’s. Dutton said he had new initiatives in store for the Boucherville, Quebec-based RONA, which put in a poor performance in its last quarter.

November 9, 2012

Robert Dutton, the president and CEO of RONA, is stepping down after 20 years at the helm of Canada’s largest home improvement retail operation. No reason was given for Dutton’s departure.

August 22, 2012

The independent merchants that operate 164 RONA stores across Canada have added their voice to the opposition of a Lowe’s takeover.

The dealers have written a letter to Lowe’s CEO Robert Niblock, which was made public Wednesday. In it the dealers write:

August 22, 2012

The independent merchants that operate 164 RONA stores across Canada have added their voice to the opposition of a Lowe’s takeover.

The dealers have written a letter to Lowe’s CEO Robert Niblock, which was made public Wednesday. In it the dealers write:

August 17, 2012

Boucherville, Quebec-based RONA, the Canadian hardware retailer and distributor, has unveiled its new website and mobile application.

The new Rona.ca site offers a more user-friendly interface, and helps inform and guide consumers in their renovation or decoration projects based on personal interests. It also allows shoppers to evaluate and comment on some 30,000 products online. 

August 9, 2012

Boucherville, Quebec-based RONA, the Canadian hardware retailer and distributor, saw a distribution sales increase of 8.7% in its second fiscal quarter of 2012, while retail and commercial sales rose 1.8%.

Beginning with the quarter, RONA changed the way it measures comparable-store sales. For the first time, the company is including distribution sales to affiliate dealers, and on that basis, same-store sales rose 1% in the second quarter.

August 7, 2012

While Lowe’s offer sheet said it would protect Canadian jobs – or even expand them – if it were to acquire Quebec-based RONA, the Canadian Teamsters aren’t so sure.

The Teamsters Union in Canada has come out against a Lowe’s takeover play for RONA, which the Teamsters describe as “a Québec jewel in the hardware and renovation industry.”

August 7, 2012

While Lowe’s offer sheet said it would protect Canadian jobs – or even expand them – if it were to acquire Quebec-based RONA, the Canadian Teamsters aren’t so sure.

The Teamsters Union in Canada has come out against a Lowe’s takeover play for RONA, which the Teamsters describe as “a Québec jewel in the hardware and renovation industry.”

August 3, 2012

Canadian retailer and distributor RONA has launched a “microsite” to combat what it considers  a hostile takeover attempt by U.S.-based Lowe’s, which currently operates 31 stores in Canada. On the microsite page, Rona gives the background of the $1.85 billion unsolicited bid from Lowe’s on July 8, and the reasons its board has decided against the proposal.

August 3, 2012

Canadian retailer and distributor RONA has launched a “microsite” to combat what it considers  a hostile takeover attempt by U.S.-based Lowe’s, which currently operates 31 stores in Canada. On the microsite page, Rona gives the background of the $1.85 billion unsolicited bid from Lowe’s on July 8, and the reasons its board has decided against the proposal.

July 31, 2012

Lowe’s made an offer, but RONA refused.

The two North American home improvement giants will continue to operate as competitors in Canada, where Lowe’s has been growing organically for the past several years amid rumors that just such an acquisition play was in the cards.

July 31, 2012

Lowe’s made an offer, but RONA refused.

The two North American home improvement giants will continue to operate as competitors in Canada, where Lowe’s has been growing organically for the past several years amid rumors that just such an acquisition play was in the cards.

July 23, 2012

Canadian retailer and distributor RONA has invited Canadians to Plant Your Feet across the country, in celebration of the Summer Olympics, which kick off in London July 27.

A Canadian team sponsor, RONA is hosting an open ended 5,515 kilometer collective relay, and will plant a tree for every kilometer run.

May 9, 2012

Boucherville, Quebec-based RONA, the Canadian hardware retailer and distributor, saw a sales increase of 1.8% in the first quarter of 2012, as the company narrowed its net loss.

Consolidated same-store sales were down 0.8% for the company that is putting more of an emphasis on what it calls its “proximity” stores designed for convenience and service.

March 30, 2012

Canadian retailer Rona believes it will have better success with smaller stores and a larger digital offering.

The Quebec-based retailer and distributor, Canada’s largest, will close 10 of its warehouse-sized stores by the end of the year, shifting its focus to the opening of 25 smaller-format units.

March 1, 2012

Canadian retailer Rona will close 10 of its warehouse-sized stores by the end of the year, shifting its focus to the opening of 25 smaller-format units, the company announced on Feb. 24.

The new focus comes on the heels of a C$151 million loss posted for the company’s fourth quarter, which ended Dec. 25, 2011. This compares with a profit of C$20 million in the same period a year ago.

Net sales for the fourth quarter increased 2.6% to C$1.17 billion. Same-store sales were down 2.3% in the quarter.

January 26, 2012

Rona, the largest chain of home improvement retailers and distributors in Canada, has appointed Dave Carr to the position of VP retail, Western Canada, and François Hardy to the position of VP dealer-owner network development.

January 12, 2012

The European DIY-Retail Association (EDRA) added seven new members in 2011, bringing the latest tally to 92 home center companies. 

In its end-of-year message, EDRA General Secretary John W. Herbert, described the day-to-day routine of the group, now in its second year as an independent association. "We are heavily involved at our Cologne office dealing with the increasing number of network inquiries from our members, which include company and store visits, statistics, best practices and trends."

September 14, 2011

Boucherville, Quebec-based RONA, the largest Canadian distributor and retailer of hardware, renovation and gardening products, announced the appointment of Michelle Laberge as senior director of communications and public affairs. 

She will report to Claude Bernier executive VP marketing and customer innovations.

Laberge joins RONA from MSL Canada, a public relations agency where she was VP for its consumer division, representing clients such as Procter & Gamble, Indigo Chapters and Fujifilm

September 14, 2011

Boucherville, Quebec-based RONA, the largest Canadian distributor and retailer of hardware, renovation and gardening products, announced the appointment of Michelle Laberge as senior director of communications and public affairs. 

She will report to Claude Bernier executive VP marketing and customer innovations.

Laberge joins RONA from MSL Canada, a public relations agency where she was VP for its consumer division, representing clients such as Procter & Gamble, Indigo Chapters and Fujifilm

August 11, 2011

The weather is always a popular topic in discussions of retail performance, but it seems this recent quarter has produced a storm of exceptionally intense meteorological commentary.

The following are just some of the examples of CEOs talking about the weather taken from news reports of the past several days:

August 10, 2011

The one-two punch of bad weather and a weak economy took its toll on Boucherville, Quebec-based RONA's second-quarter performance. 

Canada's largest distributor and retailer of hardware, renovation and gardening products posted second-quarter sales of C$34.2 million, down 2.4%. Same-store sales declined 9.6%. Net income amounted to C$39.5 million, down from C$66.3 million in the second quarter of 2010.

August 10, 2011

The one-two punch of bad weather and a weak economy took its toll on Boucherville, Quebec-based RONA's second-quarter performance. 

Canada's largest distributor and retailer of hardware, renovation and gardening products posted second-quarter sales of C$34.2 million, down 2.4%. Same-store sales declined 9.6%. Net income amounted to C$39.5 million, down from C$66.3 million in the second quarter of 2010.

© 2014 Home Channel News. All Rights Reserved.