BOUCHERVILLE, Que. — Lowes Companies Inc. says it plans to close 31 Canadian stores and other locations as part of a plan to focus on its most profitable operations.
The closures include 27 mostly Rona stores in Canada including nine in Ontario, nine in Quebec, six in Newfoundland and Labrador, two in Alberta and one in British Columbia.
Lowes also plans to close its regional support centres in Mississauga, Ont., and St. Johns, N.L., as well as a truss plant in St. Johns, N.L., and a block plant in Kamloops, B.C.
Sylvain Prudhomme, chief executive of Lowes Canada, said the changes will allow it to improve collaboration between its banners to better serve customers.
“Everything will be done to ensure a smooth transition until the stores are closed, and Lowes Canada will support impacted employees, including by transferring eligible employees to other locations within our network whenever possible,” Prudhomme said in a statement.
Lowes says it expects to close the impacted stores by the end of the companys 2018 financial year, Feb. 1, 2019.
The company is also closing 20 stores in the U.S.
The U.S. retailer acquired Rona Inc. in Canada in 2016 in a deal valued at $3.2 billion.
Based in Boucherville, Que., Lowes Canadian business has more than 630 corporate and independent affiliate dealer stores.
It includes Lowes, Rona, Reno-Depot, Dicks Lumber, Contractor First and Ace.