All the Stores Lowe’s Will Close in the Coming Weeks

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Home improvement retailer Lowe’s Companies Inc. (NYSE: LOW) will close a number of its stores between now and the end of its fiscal year, which falls on February 1. It is the latest brick-and-mortar retailer to cut its national footprint. Lowe’s provided the list today, which includes 20 stores in the United States and 31 in Canada.

Lowe’s management said that most of the U.S. stores to be closed are within 10 miles of one of its other locations. Some Lowe’s workers will be able to move. All retailers have stores that perform much better than others. Lowe’s has decided to prune some of its weakest. Marvin R. Ellison, Lowe’s president and CEO, said:

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. We believe our people are the foundation of our business and essential to our future growth, and we are making every effort to transition impacted associates to nearby Lowe’s stores.

Lowe’s will suffer a financial setback because of the decision, which it said would be $0.28 to $0.34 per share, and which it said it did not anticipate in the current year, which is fiscal 2018. Lowe’s is barely growing, and its bottom line is shrinking. In its most recently reported quarter, revenue rose to $17.4 billion from $16.8 billion. Net income fell to $629 million from $872 million. At the time, Lowe’s said it would close the stores but did not list them. Lowe’s had 2,133 stores before the current downsizing.

Lowe’s faces several problems that it has in common with other large retailers. It has very direct competition in the larger Home Depot. It also competes directly with Ace Hardware. Many large retailers have substantial home improvement sections. This is especially true of Walmart. Amazon also has a huge home improvement inventory, which it calls the Amazon.com Tools and Home Improvement Store.

These are the 51 stores Lowe’s is closing in the United States and Canada:

 

State City Address
Alabama Graysville 1100 Bankhead Hwy SW
California Aliso Viejo 26501 Aliso Creek Rd.
California Irvine 13300 Jamboree Rd.
California South San Francisco 720 Dubuque Ave.
California San Jose 750 Newhall Dr.
Connecticut Orange 48 Boston Post Rd.
Illinois Granite City 1333 Schaefer Rd.
Illinois Gurnee 7735 Grand Ave.
Indiana Portage 6221 U.S. Hwy 6
Louisiana New Orleans 5770 Read Blvd
Massachusetts Quincy 599 Thomas Burgin Pkwy
Michigan Burton 4274 E. Court St.
Michigan Flint 2100 T.A. Mansour Blvd
Minnesota Mankato 2015 Bassett Dr.
Missouri Bridgeton 11974 Paul Mayer Ave.
Missouri Florissant 3180 N. Hwy 67
New York New York 2008 Broadway
New York New York 635-641 6th Ave.
Pennsylvania Shippensburg 250 South Conestoga Dr.
Texas Irving 3500 W. Airport Fwy
Canada
Alberta Calgary 11520—24th Street SE
Alberta Calgary 12330 Symons Valley Road NW
British Columbia New Westminister 105-1015 Columbia Street
Newfoundland Bay Roberts 239 Conception Bay
Newfoundland Conception Bay 825 Conception Bay Hwy
Newfoundland Goulds 53-59 Main Highway
Newfoundland St. John’s 66 O’Leary Ave.
Newfoundland St. John’s 1297 Topsail Rd.
Newfoundland St. John’s 710 Torbay Rd.
Ontario Kingston 1452 Bath Rd.
Ontario Lakefield 178 Water St.
Ontairo Mississauga 1133 Dundas St.
Ontario Mississauga 1692 Lakeshore Rd.
Ontario North York 6600 Yonge St.
Ontario Peterborough 1575 Chemong Rd.
Ontario Sault Ste. Marie 132 Black Rd.
Ontario Sault Ste. Marie 248 Northern Ave.
Ontario Sudbury 943 Barry Downe Rd.
Quebec Ange-Gardien 194, rue Principale
Quebec Grandby 788, rue Moeller
Quebec L’Assomption 723, boulevard L’Ange-Gardien
Quebec Laval 134, boulevard Sainte-Rose
Quebec Montreal 9200, boulevard Maurice-Duplessis
Quebec Rouyn-Noranda 1200, rue Mantha
Quebec Saint Elzear 100, rue du Parc Industriel
Quebec Sainte-Clotilde-de-Chateauguay 335, Route 209
Quebec Saint-Jean-sur-Richelieu 870, boulevard d’Iberville
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