Leon's Furniture Opens Ten New Retail Locations

Furniture World News Desk on 10/20/2016

Leon's Furniture Limited recently announced that it successfully opened ten new retail locations across the country over the past three months. The opening of four retail locations in British Columbia represents the first time in the Company's history that the value proposition of the Leon's banner will be available to customers in British Columbia .

"I am proud of our employees and head office staff, who have been working tirelessly to open these ten new stores on time, and on budget," said Edward Leon , President and Chief Operating Officer of Leon's. "Our stores are active participants in the local community. Attending grand openings across the country over the past three months, I was encouraged by the reception we received from each community we visited. With the opening of four highly desirable locations in Greater Vancouver last week, the Leon's banner is now within reach of Canadians coast-to-coast for the first time in our 100-year history. Each of our banners serves a distinct customer segment and we are confident that by expanding both banners in a measurable fashion, we will continue to drive significant value creation for shareholders over time."

As previously announced, Leon's has entered into an agreement to acquire 75,000 square feet of warehouse space from another party in British Columbia to support the short-term needs of the new Leon's stores in that province. By August, 2017, the Company expects to complete the construction of a state-of-the-art 434,000 square foot distribution centre to support both Leon's and The Brick stores in British Columbia.