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Lowe's closing 51 stores in U.S & Canada; two shutting down in Michigan

Posted: 8:17 AM, Nov 05, 2018
Updated: 2018-11-05 11:17:39-05
Lowe's closing 51 stores in U.S & Canada; two shutting down in Michigan

Lowe's is shutting down 51 stores across the United States and Canada.

The home improvement chain said Monday that locations are underperforming and the decision will help the hardware chain focus on its most profitable stores and "improve the overall health of its store portfolio."

Twenty stores will be shut down in the U.S. and 31 in Canada. The following stores will be shut down in Michigan:

  • Lowe's of Burton located at E. Court Street 
  • Lowe's of Flint located at T.A. Mansour Boulevard

The company said a majority of the stores are within 10 miles of another Lowe's location.

The stores will be closed before Feb. 1, 2019. The company will try to find jobs at nearby stores for its employees affected by the closings.

"We believe our people are the foundation of our business and essential to our future growth," said CEO Marvin R. Ellison.