Lowe's Companies Inc. is set to close more than 50 of its stores and locations across North America, including 31 in Canada, as part of a "strategic reassessment."
The list of stores that will be affected by the move includes nine RONA and Lowe's locations in Ontario, but so far, none of them are southwest of the Greater Toronto Area.
A statement from Lowe's, released Monday morning, said the closures will allow officials to focus on the company's most profitable stores.
"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," said Lowe’s president and CEO Marvin R. Ellison. "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."
The stores that are being affected by the move are expected to close their doors for good by February 1, 2019 at the latest.
Here is the list of the stores to be closed in Ontario:
RONA Mississauga (Westdale Mall) 1133 Dundas Street West, Mississauga
RONA Mississauga (Lakeshore) 1692 Lakeshore Rd, Mississauga
RONA Sault Ste. Marie Black Road, Sault Ste. Marie
RONA Sudbury 943 Barry Downe Road, Sudbury
RONA Peterborough 1575 Chemong Road, Peterborough
RONA Kingston (Bath Road) 1452 Bath Road, Kingston
RONA Lakefield 178 Water Street, Lakefield
Lowe’s North York – Centerpoint 6600 Yonge Street, North York
Lowe’s Sault Ste. Marie 248 Northern Avenue, Sault Ste. Marie