Lowe’s Canada Announces the Closure of 34 Underperforming Stores Across the Country (26 RONAs, 6 Lowe’s, and 2 Reno-Depots)

Following a detailed strategic review of its operations, Lowe’s Canada is announcing the following actions to improve performance and better position itself for the future:

– Closing 34 underperforming stores to optimize its network;

– Undertaking a process to simplify multiple store banners to drive efficiency and reduce operational complexity;

– Reorganizing the corporate support structure across the country to better support store and customer needs; and

– Rationalizing the product assortment to present a more coordinated offering to Canadian customers.

“While making decisions that impact our associates and their families is never easy, closing underperforming stores is a necessary step in our plan to ensure the long-term stability and growth of our Canadian business,” declared Tony Cioffi, Interim President of Lowe’s Canada. “We are taking decisive action to build a healthy business which will provide us with the flexibility to reinvest in our future growth. This includes having a clear strategy for our banners, built on the strength of our Lowe’s, RONA and Reno-Depot brands. It also means investing in our omnichannel and supply chain capabilities, our web platforms, and our existing corporate stores and affiliated dealer network. Our objective continues to be providing our Canadian customers with the right products and the best service and value across every channel, for the long term.”

The employees affected by these changes will be supported throughout the transition. Given the existing need for personnel throughout the Lowe’s Canada network, eligible employees will be offered the opportunity to transfer to a nearby store.

Lowe’s Canada will continue serving customers from markets affected by the closures via other corporate and affiliated dealer stores from its network, as well as its online offering and parcel delivery service.

Store closures and dates:

British Columbia		Closing date
Lowe’s Prince George	2999 Massey Drive, Prince George	February 19, 2020
RONA Surrey (Newton)	6965 King George Boulevard, Surrey	January 31, 2020
RONA Osoyoos	6014-51 Street, Osoyoos	January 31, 2020
Alberta
Lowe’s Calgary – Shawnessy	295 Shawville Boulevard S.E., Calgary	February 19, 2020
RONA Airdrie	2649 Main Street South, Airdrie	January 31, 2020
RONA Calgary (Midnapore)	14815 Bannister Road S.E., Calgary	January 31, 2020
RONA St. Albert	730 St. Albert Trail, St. Albert	January 31, 2020
RONA Sherwood Park	340 Baseline Road, Sherwood Park	January 31, 2020
RONA Edmonton (Ellerslie Road)	1003 Parsons Road S.W., Edmonton	January 31, 2020
Saskatchewan
Lowe’s Regina – North	489 Albert Street North, Regina	February 19, 2020
Ontario
Lowe’s Etobicoke – North	48 Lowe’s Place, Etobicoke	January 31, 2020
Lowe’s Thunder Bay	1000 Fort William Road, Thunder Bay	January 31, 2020
Lowe’s Cornwall	950 Brookdale Avenue, Cornwall	January 31, 2020
RONA Brockville	550 Stewart Boulevard, Brockville	January 31, 2020
Home & Garden RONA – Cambridge	66 Pinebush Road, Cambridge	January 31, 2020
RONA Mississauga (Rockwood Mall)	4141 Dixie Road, Mississauga	January 31, 2020
Reno-Depot Aurora	140 First Commerce Drive, Aurora	January 31, 2020
RONA Oshawa	1279 Simcoe Street North, Oshawa	January 31, 2020
RONA Ajax	19 Notion Road, Ajax	January 31, 2020
Quebec
RONA Granby	316 rue Denison Est, Granby	January 31, 2020
RONA Sorel	1293 chemin des Patriotes, Sorel-Tracy	January 31, 2020
RONA Bécancour	3365 boulevard Bécancour, Bécancour	January 31, 2020
RONA Nicolet	2145 boulevard Louis-Fréchette, Nicolet	January 31, 2020
RONA Saint-Tite	700 rue Notre-Dame, Saint-Tite	January 31, 2020
RONA Trois-Rivières	15 rue Philippe-Francoeur, Trois-Rivières	January 31, 2020
RONA Saint-Félix-de-Valois	3110 rue Henri-L. Chevrette, Saint-Félix-de-Valois	January 31, 2020
RONA Carignan	2395 chemin de Chambly, Carignan	January 31, 2020
RONA Saint-Lambert	707 rue Saint-Charles, St. Lambert	January 31, 2020
RONA Saint-Sauveur	180 rue Principale, Saint-Sauveur	January 31, 2020
RONA Bellefeuille – Saint-Jérôme	905 boulevard de la Salette, Saint-Jérôme	January 31, 2020
Réno-Dépôt Trois-Rivières	4575 boulevard des Forges, Trois-Rivières	January 31, 2020
Nova Scotia
RONA Dartmouth (Windmill Road)	500 Windmill Road, Dartmouth	February 19, 2020
RONA Dartmouth (Harbour)	1000 Cole Harbour Road, Dartmouth	February 19, 2020
RONA Bedford	1658 Bedford Place Mall, Bedford	February 19, 2020

About Lowe’s Canada

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE^® 50 home improvement company serving more than 18 million customers a week in the United States and Canada. With fiscal year 2018 sales of $71.3 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary, RONA inc., operates or services more than 600 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, Ace and Dick’s Lumber. In Canada, the companies have more than 28,000 associates, in addition to approximately 5,000 employees in the stores of independent affiliate dealers operating under the RONA and Ace banners. For more information, visit lowescanada.ca.

Source: Lowe’s Companies Canada, ULC