Lowe's closing 31 Canadian stores, 20 stores in US

Sears closed its last Chicago store

Sears closed its last Chicago store

Lowe's Companies Inc. announced this morning that it will be closing 31 stores across Canada, including both its relatively new Lowe's location at Great Northern Road and Northern Avenue, and its Black Road Rona location in Sault Ste. It will also close 20 "underperforming" stores in the U.S.

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

Lowe's said the USA stores are closing immediately.

Nine store closures are expected across Ontario, including one in Sudbury.

A list of impacted stores may be found on Lowe's newsroom.

No Russian money went through me, says Aaron Banks
The Observer claimed on Sunday that staff at his Eldon Insurance business had worked for Leave.EU from its offices without declaring it.

Lowe's stores in US states including New York, Texas and California and Rona outlets in Ontario, British Columbia and other Canadian provinces are being shut, Lowe's said.

Despite a strong housing market that's benefited the home-improvement retail industry, Lowe's has still trailed its larger competitor, Atlanta-based Home Depot.

To catch up, Lowe's has been working to slash costs and boost profits in recent years. Even in his first few months as the new CEO of Lowe's, Ellison has taken a number of steps to improve the company's financial health.

Lowe's made the announcement Monday. It announced in August that it would close all 99 Orchard Supply Hardware stores, leading to write downs of $390 million to $475 million.

The stores off Corunna Road in Flint Township and Court Street in Burton are among twenty underperforming locations across the USA being shut down.

Recommended News

  • There is no cure for HIV/AIDS infection

    On the website, Magaya claimed that they had conducted some clinical trials and concluded that Aguma could cure the diseases. The World Health Organization in the wake of the claims by the prophet said there is "no cure" for HIV.
    Egypt Kills 19 Militants Suspected in Christian Attack

    Egypt Kills 19 Militants Suspected in Christian Attack

    He said he was praying for the "pilgrims killed for the sole fact of being Christians", asking that those grieving be comforted. There had been a lull in major attacks since December when a gunman attacked a church and a Christian-owned shop near Cairo.
    Green Bay Packers at New England Patriots: 5 matchups to watch

    Green Bay Packers at New England Patriots: 5 matchups to watch

    The running back finished with 12 carries for 31 yards and two touchdowns, while adding six catches on seven targets for 72 yards. Forget about quick strikes, these two QBs are especially lethal at taking chunks at a time, bludgeoning defenses bit-by-bit.
  • President Xi vows again to open up China and ease promise fatigue

    President Xi vows again to open up China and ease promise fatigue

    He also said he expects China to import $30 trillion worth of goods and $10 trillion worth of services in the next 15 years. In Shanghai , many firms have been trying to increase sales in the Chinese market with a population of 1.4 billion.
    Petrol Price Cut Again, Total Reduction Reaches Rs 4.05 In 18 Days

    Petrol Price Cut Again, Total Reduction Reaches Rs 4.05 In 18 Days

    A litre of petrol costs Rs 78.56 in Delhi, Rs 84.06 in Mumbai, Rs 81.61 in Chennai, Rs 79.19 in Bengaluru and Rs 80.47 in Kolkata. As the global oil prices continued to rise, price of petrol and diesel in Delhi increased to ₹82.83 and ₹75.69 on October 17.
    Camila Cabello wins best artist and best song at MTV EMAs

    Camila Cabello wins best artist and best song at MTV EMAs

    BTS and LOONA were winners at this year's MTV Europe Music Awards (EMAs)! "I know how special the bond I have with my fans is". Previous winners of the Best Korean Act were EXO in 2013, B.A.P in 2014 and 2016, BTS in 2015, and GFRIEND in 2017.
  • Measles Outbreak Spreads To New Jersey, 4 Confirmed Cases

    Measles Outbreak Spreads To New Jersey, 4 Confirmed Cases

    Measles can be risky , especially for babies and young children, as it can lead to pneumonia, brain damage, deafness, and death. Special arrangements can be made for evaluation while also protecting other patients and medical staff from possible infection.
    Taylor resigns from Cricket Australia board as turmoil continues

    Taylor resigns from Cricket Australia board as turmoil continues

    Taylor has generally been measured and diplomatic in his dealings as a CA board member, both private and public. Prepare for a summer of cricket like you've never seen before.
    MMA: Mayweather to fight in Japan on New Year's Eve

    MMA: Mayweather to fight in Japan on New Year's Eve

    Rizin's partnership with Mayweather and his The Money Team brand appears to go beyond this fight, but is unclear in its extent. RIZIN 14 is scheduled for December 31, 2018, live from the famed Saitama Super Arena in Saitama, Japan .
  • Izhaan Mirza Malik watches his ‘baba’ play cricket on TV

    Izhaan Mirza Malik watches his ‘baba’ play cricket on TV

    When the news of Izhaan's birth broke on Tuesday, social media was flooded with congratulatory messages for the couple. On Friday night, Mirza was spotted leaving the Rainbow Hospital in Hyderabad with her new born son Izhaan Mirza-Malik.
    Trump heads to Georgia, Tennessee with 2 days until midterms

    Trump heads to Georgia, Tennessee with 2 days until midterms

    Meanwhile, President Trump said the final sprint before the polls reminded him of the lead-up to his presidential victory in 2016. Phil Bredesen for an open Senate seat, before heading to Missouri Monday to try to flip a Democratic seat into the red column.
    Henry Levy Photos, News and Videos

    Henry Levy Photos, News and Videos

    According to TMZ.com , the singer looked happy and healthy, and shared a few laughs with her pal during the outing. She's also been seen hitting up the local Starbucks with other patients.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.