List: These are all the Lowes stores that will be closing

List: These are all the Lowe\s stores that will be closing
Lowes to close dozens of stores
Lowe’s Companies Inc. is set to close more than 50 of its stores and locations across North America, including 31 in Canada, as part of a “strategic reassessment.”

The list of stores that will be affected by the move includes nine RONA and Lowe’s locations in Ontario, but so far, none of them are southwest of the Greater Toronto Area.

Lowe’s expects to close the impacted stores by the end of the company’s 2018 fiscal year (Feb. 1, 2019). To facilitate an orderly wind-down, the company intends to conduct store closing sales for most of the impacted locations with the exception of select stores in the U.S., which will close immediately. Lowe’s has partnered with HilcoMerchant Services to help manage the process in the U.S. and ensure a seamless experience for customers.

A statement from Lowe’s, released Monday morning, said the closures will allow officials to focus on the company’s most profitable stores.

“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.”

“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 Lowes president and CEO Marvin R. Ellison. “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 Lowes stores.”

It could be argued that Ellisons reluctance to close stores at J.C. Penney, where he was CEO from August 2015 to earlier this year, sealed his fate at the department store retailer. Ellison only decided in mid-2017 to close 138 J.C. Penney stores. That was after the retailers tepid holiday season — fourth quarter 2016 same-store sales fell 0.7%. It would mark his sole mass store closing plan.

The stores that are being affected by the move are expected to close their doors for good by February 1, 2019 at the latest.

Lowe’s Canada is shutting down 24 Rona stores across Canada, including in Peterborough and Lakefield.

BREAKING TODAY : Lowes Cos has announced it will close 51 stores by Feb. 1, 2019 in both Canada and the U.S. The North Carolina based big box retailer says closures are targetted at underperforming store locations. Here in Canada, 27 stores, two plants and two corporate offices will close at that time. It includes the Rona on Bath Rd in Kingston. Twenty stores will be locked for good down in the United States.

The closure impacts 28 employees at the store on Chemong Road in Peterborough and 12 employees at the store in Lakefield.

"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, Lowes president and CEO, in a release.

“Lowes Canada will support impacted employees, including by transferring eligible employees to other locations within our network whenever possible. All impacted employees will be supported by our HR team,” states an email from the company to Global Peterborough.

“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, in a news release. “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.”

There is no exact date for closure for the two stores, but Lowe’s Canada says all 24 locations will be closed by the end of January.