Lowe’s is closing a total of 51 of stores throughout the United States and Canada. The company said in a statement on Monday that in the US it would close 20 Lowe’s stores across 13 states and 31 locations in five Canadian provinces.
In its statement, Lowe’s described the stores as “underperforming” and said the closures were designed to “improve the overall health of its store portfolio.” Lowe’s expects to close the impacted stores by the end of the company’s 2018 fiscal year (Feb. 1, 2019).
“While decisions that impact our associates are never easy, the store closures are a necessary step in our strategic reassessment as we focus on building a stronger business,” Marvin Ellison, Lowe’s president and CEO, said in the statement.
You can find the full list of stores that are closing here. Lowe’s carries a variety of gift cards, and sometimes we also see Amex Offers that could be moneymakers. Hopefully your local store is not impacted.