As with Home Depot, a large number of Lowes sites are in Industrial Commercial zones and unlikely to see residential development.
Those that may get that treatment, are largely not owned by Lowes Canada. (ie. Shopper's World Danforth, and Warden/Eglinton, both of which are Riocan)
I think the Reno-Depot business in Quebec was fairly sound before Lowe's entered the Canadian market, and probably still is.............
The problem is the English Canadian side, which Reno-Depot entered as RONA, and Lowes.
Aside from @afransen
's example above...........
My observations of Lowe's in Canada would be that they were tasked with taking marketshare from Home Depot.
HD didn't really have a direct competitor of any scale in Canada when they entered (sure there's overlap with CT, but CT has automotive, camping, sporting goods, and extensive housewares; while lacking tool rental, lumber of any scale, and depth and range of contractor-grade equipment/supplies.)
By contrast, Lowe's had had HD to contend with....and dislodging and established player is a real challenge.
Like Target, I think they over-estimated their brand value in the Canadian market; and they also expanded rapidly to build national profile before discerning if they actually had the formula right to poach market share from HD or whether they could grow the total market at all.
I wouldn't say I had a negative impression of Lowe's here at all; so much as wandering through left me feeling that there wasn't much of a tangible differentiation with HD; nothing obvious to me that they did better, which makes acquiring marketshare tough.
You win over customers by either being the price-leader, or by offering a product or service the other guy doesn't have, or that you're overtly better at......
My limited encounters with Lowe's staff generally gave me the sense they were, on average, a bit less knowledgable/trained than their HD counterparts, and that's problematic if you don't have some other 'hero' feature or product category to drive sales.
We'll have to wait to see the analysis and the impacts; but I'll standby the fact that I think the anglo-Canadian footprint will end up shrinking quite a bit; but if anything remains of it, I'm not sure what the banner name will be.
The price paid for the business suggests to me, a write-off for the non-Quebec assets; but time will tell.