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Lowe's Sees Australia as Fertile Ground for Expansion; 150 New Stores Planned with JV Partner PDF Print E-mail
Tuesday, 01 September 2009 10:10
As most retailers fight just to keep their heads above water, Lowe's Companies Inc. is planning a big expansion--in Australia. The Mooresville, N.C.-based home improvement chain has formed a joint venture with Sydney, Australia-headquartered Woolworths Limited to develop 150 stores over the next five years in a country boasting a burgeoning $20 billion home improvement market.




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