Lowe’s to close dozens of underperforming stores across the United States and Canada

Ivan Schwartz
November 5, 2018

Nine store closures are expected across Ontario, including one in Sudbury.

In a release, the company said the locations are underperforming. Marie, the Rona on Black Road and the Lowe's on Northern Avenue will also be shut down. Twenty U.S. stores are also be closing. As recently as August, Lowe's held a job fair for the store.

The Mooresville, North Carolina-based company said most employees at the affected stores, which are located within 10 miles of one another, will have opportunities to "transition to a similar role" at a nearby Lowe's location.

"While decisions that impact our associates are never easy, the store closures are a necessary step in our strategic reassessment as we focus on building a stronger business", said Marvin R. Ellison, Lowe's president and CEO, in a news release.

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The location in Granite City, 1333 Schaefer Rd, is on the list of stores that will be shut down by February 1, 2019.

The stores off Corunna Road in Flint Township and Court Street in Burton are among twenty underperforming locations across the USA being shut down.

The U.S. retailer acquired Rona Inc.in Canada in 2016 in a deal valued at $3.2 billion.

Another 31 stores are being shuttered in Canada, Lowe's said.

Other reports by GizPress

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