Lowe’s Canada is closing 34 of its what it call “underperforming” stores across Canada including six in Alberta.
“While making decisions that impact our associates and their families is never easy, closing underperforming stores is a necessary step in our plan to ensure the long-term stability and growth of our Canadian business,” said Tony Cioffi, Interim President of Lowe’s Canada, in a news release issued on Wednesday.
“We are taking decisive action to build a healthy business which will provide us with the flexibility to reinvest in our future growth. This includes having a clear strategy for our banners, built on the strength of our Lowe’s, RONA and Reno-Depot brands. It also means investing in our omnichannel and supply chain capabilities, our web platforms, and our existing corporate stores and affiliated dealer network. Our objective continues to be providing our Canadian customers with the right products and the best service and value across every channel, for the long term.”
The six stores in Alberta that will close early in the new year include: Lowe’s Calgary (Shawnessy), RONA Airdrie, RONA Calgary (Midnapore), RONA St. Albert, RONA Sherwood Park, and RONA Edmonton (Ellerslie Road).
Lowe’s said eligible employees will be offered the opportunity to transfer to a nearby store.
Mario Toneguzzi is a business reporter in Calgary.
The views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.