MOORESVILLE, N.C. — Lowe’s Companies, Inc. earlier this month announced the hardware and lumber retailer will close 51 underperforming store locations as part of its ongoing strategic reassessment. To focus on its most profitable stores and improve the overall health of its store portfolio, the company will: Close 20 U.S. stores and close another 31 Canadian stores and other locations.
“While decisions that impact our associates are never easy, the store closures are a necessary step in our strategic reassessment as we focus on building a stronger business,” said Marvin R. Ellison, Lowe’s president and CEO.
“We believe our people are the foundation of our business and essential to our future growth, and we are making every effort to transition impacted associates to nearby Lowe’s stores.”
Not impacted by the closures are local Lowe’s stores in Rome, 1230 Erie Blvd. W.; Oneida, 1200 Lowes Drive; New Hartford, 4699 Middle Settlement Road; and Utica, 710 Horatio St.
Both stores set to close by the end of the company’s fiscal year, Feb. 1, 2019, are in Manhattan in New York City.