Lowe’s to Close 47 Stores in the US and Canada

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It’s been a bad year for Lowe’s after the company announced it is closing 47 of its underperforming North American stores. The company stated this decision will help the hardware chain focus on it’s “most profitable stores”, and is necessary to step in their strategic assessment as they focus on building a strong business.

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This isn’t the first time a retail store abruptly announces its closure. The decision comes after many successful stores have adjusted their business strategies due to Amazon, including Kmart, Sears, and Toys “R” Us. The advantage Lowe’s and it’s rival Home Depot have is that they are largely “Amazon-proof” since Amazon does not sell lumber or any heavy bulky home improvement products


Yet, Lowe’s is struggling to keep up with Home Depot’s revenue, after it was more than $100 billion last year, while Lowe’s sales were below $70 billion. Earlier this year Lowe’s decided to incorporate home improvement veteran and New Chief Executive Officer Marvin Ellison, to turn around the company. Ellison was a top executive Home Depot for more than a decade, recently serving as JC Penney’s CEO.

Ellison has made big strategic decisions, including closing all Orchard Supply Hardware stores and slashing inventory at its Lowe’s Stores. The Orchard Supply chain cost the company between $390 million and $475 million in write-downs. Low’s announcement would result in charges of 28 cents to 34 cents per share or $300 million to $365 million in pretax expenses.

He believes that targeting professional home builders and construction companies with higher quality equipment and tools, additional discount and better customer service will improve Lowe’s. Sales to home building pros make up 45% of Home Depot sales, but only 30% of Lowe’s sales.

Lowe’s, which operates about 1,800 U.S. stores and 300 in Canada, will shut down 20 stores in the U.S. and 27 in Canada. The company stated the “majority” of the shuttered stores are within 10 miles of another Lowe’s location. Four offices and specialty facilities in Canada will also close by February 1, 2019.

As for the employees who will be affected, the company stated they will try to find jobs at a nearby store.

The following stores will be closing:


1100 Bankhead Hwy SW, Graysville


26501 Aliso Creek Rd, Aliso Viejo

13300 Jamboree Rd, Irvine

720 Dubuque Ave, South San Francisco

750 Newhall Dr, San Jose


48 Boston Post Rd, Orange


1333 Schaefer Rd, Granite City

7735 Grand Ave, Gurnee


6221 US Hwy 6, Portage


5770 Read Blvd, New Orleans


599 Thomas Burgin Pkwy, Quincy


4274 E Court St, Burton

2100 T.A. Mansour Blvd, Flint


2015 Bassett Dr, Mankato


11974 Paul Mayer Ave, Bridgeton

3180 N Hwy 67, Florissant

New York

2008 Broadway, New York

635-641 6th Ave, New York


250 South Conestoga Dr, Shippensburg


3500 W Airport Fwy, Irving

British Columbia

(Rona) 105-1015 Columbia Street, New Westminster


(Rona) 11520 — 24th Street SE, Calgary

(Reno-Depot) 12330 Symons Valley Road NW, Calgary



1133 Dundas Street West, Mississauga

1692 Lakeshore Rd, Mississauga

132 Black Road, Sault Ste. Marie

943 Barry Downe Road, Sudbury

1575 Chemong Road, Peterborough

1452 Bath Road, Kingston

178 Water Street, Lakefield


6600 Yonge Street, North York

248 Northern Avenue, Sault Ste. Marie



335, Route 209, Sainte-Clotilde-de-Chateauguay

870, Boulevard d’Iberville, Saint-Jean-sur-Richelieu

723, Boulevard L’Ange-Gardien, L’Assomption

788, Rue Moeller, Grandby

134, Boulevard Sainte-Rose, Laval

9200, Boulevard Maurice-Duplessis, Montréal

1200, Rue Mantha, Rouyn-Noranda

194, Rue Principale, Ange-Gardien

100, Rue du Parc Industriel, Saint Elzéar



825 Conception Bay Hwy, Conception Bay

53-59 Main Highway, Goulds

1297 Topsail Road, St. John’s

60 O’Leary Avenue, St. John’s

710 Torbay Road, St. John’s

239 Conception Bay, Bay Roberts

Watch: Thanksgiving Day 2018: These Stores Will Be Closed

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