TORONTO — The Home Depot is opening a new distribution centre in the Greater Toronto Area that will help the company cater to its biggest customers.
The home improvement retailer announced the centre Thursday, saying it will open in the first half of the year in Mississauga, near the Pearson airport.
"You may not have all the volume necessary to satisfy their order and so we would cobble together product from other stores or sometimes we just couldn't say yes to that order," he said. "Pros need often 20-foot, 24-foot, 28-foot pieces of lumber, we just don't have the space and ability inside of our store to carry that," Rowe said.
The facility will be about 600,000 square feet, Rowe said, with half dedicated to the flatbed delivery centre and the other half serving as a"big and bulky" distribution centre that can handle large items like lumber, insulation and roofing shingles. The third chapter digs further into that professional side of the business, targeting planned purchases that big customers know they will need to make weeks and even months in advanceReaping the rewards of the push toward pro will not come easy, TD Cowen analyst Max Rakhlenko suggested in a March 3 note to investors discussing his take-aways from a recent homebuilders conference in Las Vegas.
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