Both Lowe’s stores in Greater Victoria will remain open. (Photo contributed)

Greater Victoria Lowe’s locations will remain open

Lowe’s closing 31 Canadain locations

Rick Stiebel/News staff

News that Lowe’s is closing more than 50 locations in Canada and the U.S. will not impact customers at the home improvement chain’s stores in Langford and Saanich.

Lowe’s announced this week that 31 locations in Canada will close, as well as 20 in the U.S. The only B.C. store affected is the Rona store in Columbia Square in New Westminster. The closures are necessary to focus on the most profitable parts of its home-improvement retail business, the company said in a statement. Lowe’s acquired Quebec-based Rona in 2016 as part of a $3.2 billion purchase that included more than 400 Rona stores across Canada. Regional support centres in Ontario and Newfoundland and a block plant in Kamloops are also closing.

READ MORE: Lowe’s closing 31 Canadian properties, 20 stores in U.S. amid restructuring

Sylvain Prud’homme, president and chief executive officer for Lowe’s Canada, said in a statement “the decision to close stores is never one that we make lightly. However, following a detailed business review, we believe that this is the right path for our organization’s future.” 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.”

Lowe’s head office in North Carolina said the Canadian locations will conduct store closing sales at most locations to facilitate an orderly wind-down by the end of the company’s 2018 fiscal year, which is February 2019. “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,” Lowe’s president and CEO Marvin Ellison said in a statement. “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 and its related businesses operate or service more than 2,390 home improvement and hardware stores in Canada, the U.S. and Mexico that employ more than 310,000 people, with fiscal sales in 2017 totalling $68.6 billion. The majority of stores in the U.S. set to close are located within 10 miles of another location, the company said. Some of the U.S. stores will close immediately.


Like us on Facebook and follow us on Twitter

rick.stiebel@goldstreamgazette.com

Just Posted

Esquimalt requests public feedback as it plans for plastic bag ban

An online survey aims to gather information before the ban comes into effect in January 2020

Canada Women’s Rugby 7s Team land at home after series triumph

Next stop at Langford offers Olympic qualification

Castaway Wanderers men, women advance to B.C. semifinals

Castaway Wanderers men trounce UVic 59-29 in playoffs

PHOTOS: Green Party Leader Elizabeth May says ‘I do’ on Earth Day

May and John Kidder got married Monday morning in Victoria

Two-sailing waits continue Victoria to Tsawwassen

Backlog continues despite extra sailings over Easter

Homeless activists outside Notre Dame demand ‘a roof too’

Wealthy people have donated millions to effort to rebuild cathedral after devastating fire

B.C. VIEWS: NDP’s lawyer show is turning into a horror movie

Court actions pile up over pipelines, car insurance, care aides

United Way opens grants to help charities tackle social issues

Charities north of the Malahat can apply for grants $2,000 to $20,000

POLL: How often does your family use BC Ferries?

Navigating the lineups for BC Ferries is a way of life for… Continue reading

Crime Stoppers most wanted for Greater Victoria for the week of April 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Sri Lanka invokes war-time military powers after nearly 300 killed in Easter bombings

Sri Lanka’s minister of tourism says 39 foreign tourists were killed in the Easter Sunday attacks

Man’s body found in popular Cowichan Valley hiking area

Police say death not suspicious after discovery in Stoney Hill area overlooking Saltspring Island

Multiple sailing waits as BC Ferries deals with Easter Monday traffic

89 extra sailings had been added to the long weekend schedule

Most Read