Lowe's closing 31 Canadian stores and other locations, 20 stores in U.S.
Lowe's Companies Inc. says it plans to close 31 Canadian stores and other locations as part of a plan to focus on its most profitable operations.
The closures include 27 mostly Rona stores in Canada including nine in Ontario, nine in Quebec, six in Newfoundland and Labrador, two in Alberta and one in British Columbia.
Lowe's says it expects to close the impacted stores by the end of the company's 2018 financial year, Feb. 1, 2019.
The company is also closing 20 stores in the U.S.
The U.S. retailer acquired Rona Inc. in Canada in 2016 in a deal valued at $3.2 billion.
Based in Boucherville, Que., Lowe's Canadian business has more than 630 corporate and independent affiliate dealer stores.
It includes Lowe's, Rona, Reno-Depot, Dick's Lumber, Contractor First and Ace.
List of Rona stores being closed in Quebec:
RONA Rivière-des-Prairies (Store #43250)
9200, boulevard Maurice-Duplessis, Montréal
RONA Ste-Clotilde (Store #44000)
335, Route 209, Sainte-Clotilde-de-Chateauguay
RONA Iberville (Store #44110)
870, boulevard d’Iberville, Saint-Jean-sur-Richelieu
RONA L’Assomption (Store #44070)
723, boulevard L’Ange-Gardien, L’Assomption
RONA Granby Moeller (Store #44060)
788, rue Moeller, Grandby
RONA Ste-Rose (Store #44040)
134, boulevard Sainte-Rose, Laval
RONA Rouyn-Noranda (Store #43270)
1200, rue Mantha, Rouyn-Noranda
RONA Ange-Gardien (Store #43070)
194, rue Principale, Ange-Gardien
RONA Saint-Elzéar (Store #43290)
100, rue du Parc Industriel, Saint Elzéar