Lowe’s will close 34 underperforming stores across six provinces as part of a restructuring of its Canadian business. Five of the stores are in the GTA and four others scattered across the province. In total, the closures include 26 Ronas, six Lowe’s and two Reno-Depots spread across British Columbia, Alberta, Ontario, Saskatchewan, Quebec and Nova Scotia. The closures will leave at least some employees out of work and although efforts will be made to get them jobs at other stores. It appears the move is rooted in the need to upgrade online service on a world of Amazon and related Canadian competition like Canadian Tire.
Five stores in GTA (Click to read)