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Lowe's sems to be doing something similar in Canada
Author: WebDigger
Date: 11-05-2018 - 20:58
Lowe's closing 31 locations in Canada, mainly Rona stores
"Home improvement retailer Lowe's is closing 31 locations in Canada, including 27 underperforming Rona stores in British Columbia, Alberta, Ontario, Quebec and Newfoundland and Labrador, along with 20 Lowe's locations in the United States
The North Carolina-based chain said Monday morning that the closures are "part of its ongoing strategic reassessment" of its business."
"Across all of its brands, Lowe's currently has 2,390 stores across North America, including 630 in Canada. Other Lowe's-owned brands include Dick's Lumber, Contractor First and Ace Hardware."
"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 been struggling to find ways to catch up with do-it-yourself giant Home Depot, whose stores on average generate almost twice as much in sales as Lowe's locations do."
[www.cbc.ca]
"Home improvement retailer Lowe's is closing 31 locations in Canada, including 27 underperforming Rona stores in British Columbia, Alberta, Ontario, Quebec and Newfoundland and Labrador, along with 20 Lowe's locations in the United States
The North Carolina-based chain said Monday morning that the closures are "part of its ongoing strategic reassessment" of its business."
"Across all of its brands, Lowe's currently has 2,390 stores across North America, including 630 in Canada. Other Lowe's-owned brands include Dick's Lumber, Contractor First and Ace Hardware."
"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 been struggling to find ways to catch up with do-it-yourself giant Home Depot, whose stores on average generate almost twice as much in sales as Lowe's locations do."
[www.cbc.ca]
