2023-06-16 15:45:00
Hardware store Canac is stepping back on the accelerator in its growth and will invest $20 million to open a 40,000 square foot store in Sorel in the spring of 2024.
Construction work will begin in August.
The Quebec group, renowned for its low prices, opened a store in Contrecoeur last year and is now resuming its rapid pace of growth following a slowdown caused by the pandemic. It currently has 32 branches in the provinces and employs 5,000 people.
In September, Canac will also open a new delivery center on the south shore of Quebec. This will allow the retailer to better serve entrepreneurs and individuals in this territory, without having to systematically cross bridges to get to Lévis and the Chaudière-Appalaches region.
«Before the pandemic, we were able to open up to 2 new branches per year. But with the new reality of supplies as well as a major digital transformation, we had to slow down a bit to open only one branch per year in the last 3 years. Now that these elements are behind us, our eyes are on more sustained growth thanks to new markets to be developed which are either already in our land portfolio or still in negotiation.»explains in a press release the director Martin Gamache, general manager of Canac.
Mr. Gamache, who has held all operational positions over the years, was appointed last year to lead growth and ensure a transition to the next generation of Laberge family owners, as the management committee rejuvenates .
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