Lowe’s to close dozens of underperforming stores across the USA and Canada

Customers walk toward a Lowe's store in Hialeah Fla

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.

In addition to the 20 US closings, the news release stated Lowe's will close 31 Canadian stores. None of the US stores to close are in the Carolinas, according to the list posted on Lowe's website.

Lowe's on Thomas Burgin Parkway in Quincy is one of 20 underperforming stores the home improvement chain announced this morning it will close by February 1 across the United States.

Two Rona stores and one Lowe's store will close in northeastern Ontario. Twenty of the closings are in the USA, and California leads the way with four (San Jose, South San Francisco, Irvine, and Aliso Veijo).

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Lowe's, which has trailed Home Depot in sales for years, is in the midst of a turnaround under new Chief Executive Officer Marvin Ellison, who has promised to remove slow-selling products and end unsuccessful ventures.

Lowe's said the USA stores are closing immediately. It announced in August that it would close all 99 Orchard Supply Hardware stores, leading to write downs of $390 million to $475 million.

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

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