Lowe’s closing underperforming stores, including 1 in MA

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Marie, the Rona on Black Road and the Lowe's on Northern Avenue will also be shut down. As recently as August, Lowe's held a job fair for the store.

The company says the closings are part of the company's strategic reassessment.

MOORESVILLE, N.C. - Lowe's Companies, Inc.

Close 20 USA stores. The majority of impacted stores are located within 10 miles of another Lowe's store.

Lowe's also expects to close nine stores in Ontario, six in Newfoundland, two in Labrador and one in British Columbia.

Close 31 Canadian stores and other locations.

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"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 news release.

"Everything will be done to ensure a smooth transition until the stores are closed, and Lowe's Canada will support impacted employees, including by transferring eligible employees to other locations within our network whenever possible", Prud'homme said in a statement.

Lowe's stores in USA states including New York, Texas and California and Rona outlets in Ontario, British Columbia and other Canadian provinces are being shut, Lowe's said.

Lowe's is closing more than 50 underperforming stores - including one in MA - by February of 2019.

Hilco Merchant Services has partnered with the retailer to help manage the process in the U.S.

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