34 Rona and Lowe's Stores Are Closing Across Canada Because They're "Underperforming"
Lowe's Canada announced on November 20 that after strategically reviewing its operations, 34 underperforming stores will be closed to optimize the Lowe's network. As such, in six provinces, some Lowe's, Rona, and Reno-Depots locations will be closing their doors.
In January and February 2020, stores in B.C., Alberta, Saskatchewan, Ontario, Quebec, and Nova Scotia will close down.
"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.
The company, which is based in Quebec, owns and operates Lowe's and Rona stores, as well as others like Reno-Depot. According to the news release, the companies have more than 28,000 employees.
With 34 locations closing across the country, there are bound to be many employees affected by the closures.
Lowe's Canada said it will help all employees through the changes and transitions that come with their store closing. Some employees could also be eligible to transfer to nearby stores that will stay open.
Other actions will be taken by the company in addition to closing underperforming stores.
Lowe's Canada will begin simplifying multiple store banners to be more efficient, reorganizing corporate supports across Canada to better support customer needs, and offering Canadian customers a better assortment of products.
"We are taking decisive action to build a healthy business which will provide us with the flexibility to reinvest in our future growth," said Cioffi.
For customers who usually shop at stores that will be closed, the company will still offer services to customers through online shopping, delivery, and other affiliated stores in its network.
Three stores will close in B.C., six in Alberta, three in Nova Scotia and only one in Saskatchewan.
Quebec and Ontario lead the pack with 12 and nine stores closing in the provinces, respectively.
In November 2018, Lowe's Canada also announced it would be closing more than 30 stores across the country.
"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," said Cioffi.
Stores will close on either January 31, 2020 or February 19, 2020. To see the exact store locations and closure dates, go here.