Lowe's to close two mid-Michigan stores

Share

In a release, the company said the locations are underperforming.

Lowe's Companies Inc. says it plans to close 31 Canadian stores and other locations as part of a plan to focus on its most profitable operations.

Based in Boucherville, Que., Lowe's Canadian business has more than 630 corporate and independent affiliate dealer stores. Lowe's said employees in the affected stores were notified of the closures Sunday evening.

Lowe's also plans to close its regional support centres in Mississauga, Ont., and St. John's, N.L., as well as a truss plant in St. John's, N.L., and a block plant in Kamloops, B.C. The majority of impacted stores are located within 10 miles of another Lowe's store.

Only one store in Texas is closing, the location at 3500 W. Airport Fwy in Irving.

More news: Dodgers, Clayton Kershaw agree to deal

Lowe's CEO Marvin Ellison said in a statement Monday that the company is "making every effort to transition impacted associates to nearby Lowe's stores".

The stores are expected to close for good by February 1.

Store closing sales will occur at most of the affected locations, with exception of select stores in the USA, which the company said will close immediately. Lowe's has partnered with Hilco Merchant Services to help manage the process in the USA and ensure a seamless experience for customers. Additional details regarding the impact of the store closings will be provided in the next quarterly earnings release on November 20.

The list of other USA stores closing include locations in Alabama, California, Connecticut, Indiana, Louisiana, Massachusetts, Michigan, Minnesota, New York, Pennsylvania and Texas.

Share