LNF Leons Furniture Ltd

Despite a turbulent and unpredictable economy, Leon's continues its aggressive expansion strategy by opening new Superstores in Guelph, Ontario; Bathurst, New Brunswick; Mississauga, Ontario; Rosemère, Quebec; Drummondville, Quebec and Regina, Saskatchewan. TORONTO, Oct. 25, 2011 /CNW/ - Leon's Furniture Limited is pleased to announce the opening of six new Superstores throughout Canada. On August 24(th), Leon's opened a new 76,000 sq. ft. Superstore in Guelph, Ontario. On October 27(th), Leon's will open a new 42,000 sq. ft. Superstore in Mississauga, Ontario (our 2(nd) in Mississauga) and on November 3(rd), Leon's will open an 84,000 sq. ft. Superstore in Regina, Saskatchewan and a 47,000 sq. ft. Superstore in Rosemère, Quebec (our 5(th) in Montreal). Leon's is also proud to welcome two new franchises to the Leon's family. On October 13(th), we opened a new franchise in Bathurst, New Brunswick and on November 3(rd), we will be welcoming a new franchise in Drummondville, Quebec - our first franchise in the province of Quebec. "This is the first year of our aggressive expansion campaign that will see several new Leon's Superstores opening across Canada, every year for the next five years", said Mr. Terry Leon, President and CEO of Leon's Furniture Ltd. "We're very happy to be entering these new markets and are very grateful to our associates for all their hard work during this exciting time." "It is because of our confidence in the future prosperity of these markets that we're able to justify this new multimillion dollar investment. Residents in Guelph, Bathurst, Mississauga, Regina, Rosemère and Drummondville have expressed interest in our company for a long time and what better way to show our appreciation than to build a beautiful, new home furnishings Superstore right in their backyard." The opening of Leon's new corporate stores has already added over 200 jobs. By the end of Leon's expansion campaign, Leon's will have added over 1000 new jobs to the Canadian economy. All of Leon's new showrooms feature the latest styles, colours and fabrics from the world's leading furniture manufacturers, as well as a 'Bedding Gallery' with the latest in sleep innovation from Sealy, Simmons, Serta and Kingsdown. Leon's new appliance departments showcase major appliances from the leading manufacturers like Samsung, Whirlpool, Frigidaire, KitchenAid and LG. Our customers will be able to see all the latest technology such as four door fridges, dual stoves and front load laundry with brand new 'steam technology'. Plus, with full kitchen displays within the showroom, customers can visualize how their beautiful new appliances will look in their home. Leon's new electronics display features the latest in flat screen technology from Samsung, Panasonic, LG, Sharp and Toshiba. Along with the beautiful displays of Plasma, LCD and LED TVs - Leon's new showrooms feature new 3D and SMART TV interactive displays and home theatre settings. Leon's stores in Bathurst and Guelph are currently open to the public. Leon's new Superstore in South Mississauga will open to the public on Thursday, October 27(th) at noon. Leon's new Superstores in Regina, Rosemère and Drummondville will open to the public on Thursday, November 3(rd) at noon. Leon's Furniture operates or franchises 73 large format furniture stores in every province except British Columbia. The company is completely debt free and has a stellar record of long-term earnings growth.  Sales in 2010 were $896 million with a net income of $63 million. Leon's is one of the largest furniture sellers in Canada with some of the best productivity statistics in North America. The company originated in Canada in 1909, is Canadian owned, and is uniquely Canadian in concept. Mr. Terry Leon, President and CEO, will be available to answer any questions you may have at a special session for the press in each of these new Superstores on the following dates: 2070 Dundas St. East (Dundas and the 427) Mississauga, Ontario Wednesday, October 26(th), 2011 @ 10:30am 4563, boul. St-Joseph Drummondville, Quebec Monday, October 31(st), 2011 @ 10:30am 307 boul. Curé-Labelle Rosemère, Quebec Tuesday, November 1(st), 2011 @ 10:00am 390 Hoffer Drive (McDonald St. and Ring Rd.) Regina, Saskatchewan Wednesday, November 2(nd), 2011 @ 10:30am This will be followed by the official ribbon cutting ceremony and a release of 100 balloons - each containing a voucher for a $100 Leon's Gift Certificate. Leon's Furniture Limited CONTACT: For more information, please contact Lewis Leon by phone at416-243-7880 or by email at lewis.leon@leons.ca

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