Hardware Retailing The Industry's Source for Insights and Information
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.”
