Lowe's to Shutter 20 U.S. Stores & 31 Canadian Locations
Mooresville, NC, November 5, 2018-Lowe’s has announced the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment.
To focus on its most profitable stores and improve the overall health of its store portfolio, the company will close 20 U.S. stores. Most associates at these stores will be extended opportunities to transition to a similar role at a nearby Lowe’s store. The majority of impacted stores are located within ten miles of another Lowe’s store.
In addition, the company will shutter 31 Canadian stores and other locations.