Lowe’s to close dozens of underperforming stores across the U.S. and Canada

Lowe’s closing underperforming stores

Lowe's says it will close two mid-Michigan stores as part of a strategic reassessment plan. You can check out the list here.

Lowe's is closing 51 underperforming stores across the USA and Canada.

Lowe's is closing more than 50 underperforming stores - including one in MA - by February of 2019.

To facilitate an orderly wind-down, the company intends to conduct store closing sales for most of the impacted locations with the exception of select stores in the USA, which will close immediately.

Lowe's on Thomas Burgin Parkway in Quincy is the only store in MA impacted by the closures.

Based in Boucherville, Que., Lowe's Canadian business has more than 630 corporate and independent affiliate dealer stores.

It's unclear how many total workers are affected.

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". Lowe's reports financial results Wednesday, Nov. 16.

This summer, for instance, Lowe's announced that it's shutting down its Orchard Supply Hardware chain, which the company bought in 2013 for $205 million, in order "focus on its core home improvement business". The priority for Lowe's right now, he said, is improving basic "retail fundamentals".

The closures are expected to be completed by February, says the company.



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