Home improvement retailer Lowe's is closing 31 locations in Canada, including 27 underperforming Lowe's and Rona stores in British Columbia, Alberta, Ontario, Quebec, and Newfoundland and Labrador, along with 20 locations in the U.S. Only two of the closing locations are currently branded as Lowe's, and both are in Ontario. These are the stores in Canada that will be shut:Lowe's is closing 27 stores across Canada, mostly Rona locations. Lowe's bought rival Quebec chain Rona in 2016 in a $3.2-billion takeover, and soon began consolidating some of those locations into Lowe's stores to streamline operations. Lowe's has struggling to find ways to catch up with the do-it-yourself giant Home Depot, whose stores on average generate almost twice as much in sales as Lowe's locations do.

Source: CBC News November 05, 2018 13:42 UTC