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Lowe's is closing 51 stores in the US and Canada

05 November 2018

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

The majority of the US stores to close are within 10 miles of other Lowe's stores, the company said, so affected employees will have the opportunity to transfer to similar roles in nearby locations.

Lowe's opened its Northern Avenue location in 2015 after renovations were completed on the former Zellers spot.

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

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

The closures are a part of the company's ongoing reassessment of their stores. Twenty U.S. stores are also be closing.

Close 31 Canadian stores and other locations.

The company says it will give associates opportunities to transition to other stores.

The company will wind down operations at 20 US locations and 31 Canadian stores by the end of its 2018 fiscal year, which ends February 1, 2019.

Reuters notes that Lowe's, which operates more than 2,000 stores in North America, has been lagging behind Home Depot in sales for several years.

Lowe's is closing 51 stores in the US and Canada