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Industry Dashboard for Feb. 11, 2013

BY HBSDEALER Staff

Tractor Supply and Lowe’s pace the monthly gainers on the Home Channel Stock Roundup. Elsewhere on the Dashboard, gas prices perk up.

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Lowe’s officially proposes Cape Cod store

BY Ken Clark

Mooresville, N.C.-based Lowe’s formally announced its plans to build a home improvement store in Dennis, Mass., while at the same time unveiling a website promoting the store’s virtues. 

The proposed store is smaller than Lowe’s standard prototype, which, according to the retailer reflects its efforts to submit a design that best serves Dennis and Cape Cod customers and also fits within the community character of the area.

The idea of a Lowe’s store in Dennis has been around Cape Cod for several months, and even sparked a public hearing in November. Local opinion about the development project was mixed.

The nearest Lowe’s to Cape Cod is in Wareham on mainland Massachusetts. A Home Depot already operates on the lower arm of Cape Cod in Hyannis. 

The proposed Lowe’s store would include less than 100,000 sq. ft. with an adjacent garden center of approximately 28,000 sq. ft.. It would be the smallest Lowe’s store in New England. Another figure Lowe’s promotes is the creation of 130 to 170 full and part time jobs.

Public hearings will be scheduled before the Cape Cod Commission in early 2013.

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Lowe’s adjusts its international executive lineup

BY Ken Clark

Lowe’s has named Sylvain Prud’homme as president of Lowe’s Canada, effective March 25. He replaces Alan Huggins, who is returning to the United States as Lowe’s VP international operations.

Prud’homme will report to William D. (Doug) Robinson, head of international operations and development.

“Sylvain brings to Lowe’s deep experience in national and international retail operations and merchandising across Canada,” Robinson explained. “He is a strategic thinker and a humble leader, and will be an outstanding addition to the leadership team in Canada.”

Prud’homme comes to Lowe’s from Loblaw Co., where he served in executive VP roles in operations and merchandising, following a retail career at some of Canada’s most respected retailers, including Sobey’s West, Wal-Mart Canada and Super C. He earned an M.B.A. from the University of Montreal H.E.C.

Huggins was VP operations when Lowe’s opened its first stores in Canada in 2007 and served as the division’s president since 2009. In his new role, Huggins will be responsible for development of Lowe’s international operations and the coordination across Lowe’s international businesses.

“Alan has been critical to Lowe’s Canada operations from the very beginning,” said Robinson. “His leadership has helped Lowe’s grow from an idea in 2006 to 34 stores and one distribution center in Canada today. Alan will continue to work with Sylvain and the rest of the leadership team in Canada as he coordinates operations across Lowe’s international businesses.”

Of Lowe’s 1,745 stores, 34 are in Canada.

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