Which New England Lowe's Stores Are Shutting Down?

Customers walk toward a Lowe's store in Hialeah Fla

Lowe's Companies, Inc. announced Monday the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment.

Lowe's bought Rona, Canada's biggest home improvement chain, in 2016 for about $2 billion, adding about 700 stores to its 40 in the country. Lowes says the stores are under-performing and that it is focusing on its most profitable operations.

Many associates may have an opportunity to explore other opportunities at a nearby Lowe's, according to a release.

"Lowe's To Close 51 North American Stores; Including Gurnee, Granite City, Portage Locations", the headline reads on CBS Chicago's website.

"We view this as a positive step towards improving productivity of the chain", Credit Suisse analyst Seth Sigman said.

A Rona store operates within a few blocks of the new Lowe's. She said this will allow the company to focus on strengthening its footprint of almost 2,300 stores across North America. The retailer will attempt to relocate employees to nearby stores.

The stores will be closed before February 1, 2019.

Lowe's has been struggling to keep up with its larger rival Home Depot.

The home improvement store Lowe's plans to close dozens of stores, including one in Minnesota.

"The village of Gurnee was not aware that Lowe's was closing prior to the media announcement today", said Jack Linehan, assistant to the village administrator in Gurnee.

Lowe's shook up its executive suite recently, hiring a new chief information officer from Target. Lowe's is also shutting 20 stores in the United States.

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