Lowe's announces first store in Saskatchewan

Regina location represents continued expansion in Canada; to bring up to 150 jobs

TORONTO, March 18 /CNW/ - Lowe's Companies Canada, ULC (Lowe's) announced the location of its first store in Saskatchewan. Construction will soon be under way at 4555 Gordon Road in Regina and the store is expected to open in the company's fiscal first quarter of 2011. The home improvement retailer is known for helping homeowners find the right equipment and supplies to build, improve, beautify and enjoy their homes.

"Lowe's commitment to expanding throughout Western Canada continues with our first location in Saskatchewan," said Alan Huggins, president, Lowe's Canada. "We have had a tremendous response from our Canadian customers, and we will continue honouring our promise to deliver outstanding prices, products and top-notch customer service in our drive to be Canada's first choice for home improvement."

Lowe's is proud to offer more than 40,000 products under one roof. The home improvement store will have 103,000 square feet of retail sales space. An additional 32,000 square foot garden center will offer an impressive selection of flowers, bushes, trees and garden supplies tailored to the Regina climate and lifestyle.

A store of this size represents an average investment in the community of approximately $20 million ($19.7 million USD)(1) and creates up to 150 new jobs.

With fiscal year 2009 sales of $47.2 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 15 million customers a week. Lowe's operates more than 1,700 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. For more information, visit Lowes.ca.

    
                           FAST FACTS ABOUT LOWE'S:

    -   Opened first Canadian store in 2007; currently has 16 stores in
        Canada
    -   Employs approximately 228,000 people, including more than 2,800
        employees in Canada
    -   World's second largest home improvement retailer
    -   Lowe's is an ENERGY STAR(R) award-winner seven times running, from
        2003-2009, and was recognized as the first winner of the ENERGY
        STAR(R) Sustained Excellence Award in Retail.

    (1) Based on currency conversion rates as of Mar.18, 2010 as per Bank of
        Canada
    

For further information: Media Contact: Maureen Rich, Lowe's Companies, Inc., [phone] or [email protected]