Pros
When Lowe's owned Rona, (if that ever did exist) you could at least expect maybe a quarterly bonus. Now that Lowe's has cut Lowe's Canada loose and it's owned by Private Equity in the U.S., those hopeful days are over. Sycamore Partners is intent on cutting to the bone. Hours have been slashed, moral is non-existent, and the name Rona is lost on Canadians outside of Quebec. It's a sinking ship.
Kontras
Well, if I didn't cover it in the Pro's, there isn't much left to say. Rona and Rona+ are a small shell of what they once were. They keep cutting hours and jobs (over 800 since Sycamore Partners took over). The lack of foot traffic in stores and the inability to comp 1/4 over 1/4, leads me to believe that things will only get much worse, and it's highly doubtful they will get better. Rona is way too polluted with top-heavy Senior Staff and way too many Executive VP's and Regional Managers that overlap in their job responsibilities. Senior staff needs to be culled by about 40-50%. Bonuses for Senior Staff need to be restructured and attached to sales metrics and profitability.