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Business

The company says 20 to close next year




CLOSE

Home improvement giant Lowe has announced that it intends to stop wearing paint strippers containing two chemicals that blame for dozens of fatalities.
Time

Lowe will close 51 underperforming stores in North America, announced the company Monday.

The movement – which includes closure of 20 stores in the United States and 31 stores in Canada – is part of a strategic reassessment where the company said it plans to focus "on its most profitable stores and improve overall health in the retail portfolio." [19659008] "Although decisions that affect our employees are never easy, store locations are a necessary step in our strategic reassessment as we focus on building a stronger business." Marvin R. Ellison, Lowe's president and CEO, said in a statement.

The company said it plans to close these stores by February 1, 2019. In order to complete this process, Lowes will "complete retail closure for most of the affected sites."

Lowe has made major changes in the past year . After 13-year CEO Robert Niblock retired in March, the company took on Ellison, the former J.C. Penney CEO. Since the takeover, Ellison has made several reforms, for example, to ban certain paint removers and plans to close all of the Orchard Supply Hardware stores.

According to a February Securities and Exchange Commission filing, Lowe operates over 2000 stores in North America. 19659008] Here are the stores closed in the United States:

  • 1100 Bankhead Hwy SW, Graysville, Ala.
  • 26501 Aliso Creek Rd., Aliso Viejo, California
  • 13300 Jamboree Rd., Irvine, California
  • 720 Dubuque Ave., South San Francisco, California.
  • 750 Newhall Dr., San Jose, California
  • 48 Boston Post Rd., Orange, Conn.
  • 1333 Schaefer Rd.
  • 7735 Grand Ave., Gurnee, Ill.
  • 6221 US Hwy 6, Portage, Ind.
  • 5770 Les Blvd., New Orleans
  • 599 Thomas Burgin Pkwy, Quincy, Mass.
  • 4274 E Court St., Burton, Mich.
  • 2100 TA Mansour Blvd., Flint, Mich.
  • 2015 Bassett Dr., Mankato, Minn.
  • 11974 Paul Mayer Ave., Bridgeton, Mo.
  • 3180 N Hwy 67, Florissant, Mo.
  • 2008 Broadway New York
  • 635-641 6th Ave., New York
  • 250 South Conestoga Dr., Shippensburg, Penn.
  • 3500 W Airport Fwy, Irving, Texas

Follow US TODAY Internal Ben Tobin on Twitter: @ TobinBen

Read or Share This Story: https://www.usatoday.com/story/money / 2018/11/05 / lowes-closes-stores-20-shut-doors-united states -Next year / 1889734002 /



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