Lowe’s to close dozens of underperforming stores across the USA and Canada
05 November, 2018, 23:45 | Author: Kristi Dunn
The company provided a list of the closures on its website. Store liquidation sales are expected to start Thursday and last about nine to 12 weeks, he said.
Both Michigan stores slated to close are located in Genesee County: Lowe's of Burton (Store #761), on E. Court St.in Burton; and Lowe's of Flint (Store #669) on T.A. Mansour Blvd., in Flint Twp.
That includes 31 stores in Canada, although only one is in British Columbia and the vast majority are in Ontario, Quebec and Newfoundland.
"Everything will be done to ensure a smooth transition until the stores are closed, and Lowe's Canada will support impacted employees, including by transferring eligible employees to other locations within our network whenever possible", Prud'homme said in a statement. Marie, the Rona on Black Road and the Lowe's on Northern Avenue will also be shut down.
It shouldn't take long to close the impacted stores, as Lowe's expects to complete the process by the end of the company's 2018 fiscal year (Feb. 1, 2019).
The stores will be closed before February 1, 2019.
Lowe's Canadian business is based in Boucherville, Que. and has more than 630 corporate and independent affiliate dealer stores. Most associates at these stores will be extended opportunities to transition to a similar role at a nearby Lowe's store.
Most of the locations are said to be within 10 miles of another store. The company signed a 15-year lease with Ashkenazy Acquisition Corporation for the property, replacing sections of now-closed Macy's.
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