TORONTO, Nov. 24, 2021 /CNW/ - Leon's Furniture
Limited ("LFL" or the "Company")
(TSX: LNF), today announced that its e-commerce
marketplace division, Furniture.ca, has a new virtual storefront on
Walmart Canada's Marketplace ("Walmart's Marketplace").
Customers on Walmart.ca are now able to shop a range of brands
and categories from many world-renowned Furniture.ca suppliers.
Currently, Furniture.ca is offering more than 2,000 furniture
and home décor items on Walmart.ca and plans to strategically
expand the selection and categories available in the coming
months.
Mike Walsh, President and CEO
of the LFL Group, commented, "We are very pleased to announce
participation on Walmart Canada's Marketplace, which is one of the
best recognized and most innovative retailers in Canada. This is a mutually beneficial
arrangement that will bring Walmart Marketplace customers a wider
selection of products they don't currently have direct access to,
while building awareness of the Furniture.ca brand and driving
incremental revenue for LFL. Participation on Walmart's Marketplace
represents another important example of LFL's commitment to
continuously innovate the way it goes to market, to ensure that
regardless of how, where or when Canadian consumers choose to shop,
they will encounter a seamless, best-in-class sales and service
experience. With a truly national distribution platform, featuring
a network of efficient distribution centers and one of the largest
last mile fulfillment services in Canada, LFL is uniquely positioned to execute
on partnerships like this one."
Dan Farmer, VP Marketplace of
Walmart Canada added, "Walmart is focused on bringing more
choice to the 1.5 million customers who visit Walmart.ca each day
and we're proud to welcome Leon's Furniture Limited to our online
Marketplace. The addition of LFL's Furniture.ca division to
Marketplace expands the assortment of furniture and home décor
available to our online customers, joining more than 35 million
items already available online."
Furniture.ca was established in 2017 and has experienced year
over year growth ever since.
As the LFL Group's exclusive e-commerce marketplace, Furniture.ca
offers a wide selection of top-quality furniture and home décor
from many of the world's leading suppliers and leverages the vast
distribution network of the LFL Group to provide best in class
final mile fulfillment.
About Leon's Furniture Limited
LFL is the largest retailer of furniture, appliances and
electronics in Canada. Our retail
banners include: Leon's; The Brick; Brick Outlet; and The Brick
Mattress Store. Finally, with The Brick's Midnorthern Appliance
banner alongside with Leon's Appliance Canada banner, this makes
the Company the country's largest commercial retailer of appliances
to builders, developers, hotels and property management companies.
The Company has 304 retail stores from coast to coast in
Canada under various banners. The
Company operates four retail websites: leons.ca, thebrick.com,
appliancecanada.ca and furniture.ca. For more information,
visit lflgroup.ca.
About Walmart Canada
Walmart Canada operates a chain
of more than 400 stores nationwide serving 1.5 million customers
each day. Walmart Canada's flagship online store, Walmart.ca,
is visited by more than 1.5 million customers daily. With more than
100,000 associates, Walmart Canada is one of Canada's largest employers and is ranked one
of the country's top 10 most influential brands. Walmart Canada was
recently recognized as a LinkedIn Top Company of 2021 and was also
named one of Canada's most popular
brands (based on Google searches). Walmart Canada has made a
commitment to regeneration – focusing on equitable opportunity,
sustainability, community, ethics and integrity. Since 1994,
Walmart Canada has raised over $500
million to support communities across Canada. Additional information can be found at
walmartcanada.ca and on Walmart Canada's social media pages –
Facebook, Twitter and Instagram.
Cautionary Statement
This press release may contain
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results to vary
materially from targeted results. Such risks and uncertainties
include those described in Leon's Furniture Limited's periodic
reports including the annual report or in the filings made by
Leon's Furniture Limited from time to time with securities
regulatory authorities.
This News Release may include certain "forward-looking
statements" which are not comprised of historical
facts. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management's expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company's
objectives, goals or future plans, and estimates of market
conditions. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to failure to identify beneficial business
opportunities, failure to convert the potential in the pursued
business opportunities to tangible benefits to the Company or its
shareholders, the ability of the Company to counteract the
potential impact of the COVID-19 coronavirus on factors relevant to
the Company's business, delays in obtaining or failures to obtain
required shareholder and TSX approvals, changes in equity markets,
inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, and those risks set
out in the Company's public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
SOURCE Leon's Furniture Limited