This industry profile provides a five-year forecast for Canada’s Home Improvement Stores Industry.
Canadian Industrial Profile: Home Improvement Stores—Autumn 2016
Canadian Industrial Profile: Home Improvement Stores—Autumn 2016
Industry Economic Analysis
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- Renovation Spending—Elevated housing prices are deterring some consumers from purchasing new homes in several regions across the country. Instead, many homeowners are spending on home improvement projects.
- Rona Takeover—Lowe’s takeover of Quebec-based Rona Inc. will allow the company to improve its operating efficiency and better manage costs. As well, Lowe’s expects to boost its profitability by adding new product categories and expanding its online presence.
- Retail Pricing—Strong competition within the industry has limited the ability of home improvement retailers to pass on higher costs to consumers.
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