Industry News

Lowe’s Begin Closing 51 Locations

Lowe’s will close 51 “under-performing” locations in the U.S. and Canada over the next 12 weeks.

Lowe’s will close 51 “under-performing” locations in the U.S. and Canada over the next 12 weeks.

Twenty stores in the U.S. will be shuttered: Graysville, Al.; Aliso Viejo, Irvine, South San Francisco, and Central San Jose, Ca.; Orange, Ct.; Granite City and Gurnee, Il.; Portage, In.; New Orleans, La.; Quincy, Ma.; Burton and Flint, Mi.; Mankato, Mn.; Bridgeton and Florissant, Mo.; two in Manhattan (Upper West Side and Chelsea), N.Y.; Shippensburg, Pa.; and Irving, Tx.

Some were closed immediately; others will close gradually, whittling down their inventories presumably by Feb. 1, 2019.

In Canada, Lowe’s will shutter 27 stores and four support facilities.

“The store closures are a necessary step in our strategic reassessment as we focus on building a stronger business,” said Marvin Ellison, who was named president and CEO in July. Shortly thereafter, he announced Lowe’s would close its Orchard Supply Hardware division.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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