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You are here News Economy List of Lowe's stores closing: 20 stores will shut doors in US next year

List of Lowe's stores closing: 20 stores will shut doors in US next year

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20 Lowe's stores

Lowe's will close 51 underperforming stores in North America, the company announced Monday.

The move – which includes the closure of 20 stores in the United States and 31 stores in Canada – is part of a strategic reassessment in which the company said it plans to focus "on its most profitable stores and improve the overall health of its store portfolio."

“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 R. Ellison, Lowe’s president and CEO, said in a statement.

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