Rona Inc (TSE:RON)

Rona Inc (TSE:RON)


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Rona Inc

RONA is the largest Canadian distributor and retailer of hardware, renovation and gardening products. RONA operates a network of close to 700 corporate, franchise and affiliate stores of various sizes and formats.

EPIC: RON
Market: TSX:RON
Sector: General Retailers
Website: www.rona.ca
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Rona Inc Timeline

Home improvement retailer Rona (TSE:RON) Thursday said its fourth quarter results “fell short of expectations” on a dip in same-store sales and increased competition, and said it is laying off 200 managers across Canada in an effort to restructure the business.
Canadian home improvement retailer Rona (TSE:RON) Tuesday rejected a $1.76 billion hostile takeover from U.S. rival Lowe’s Companies Inc. (NYSE:LOW), citing it was not in the best interest of stakeholders.
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