The Retail Apocalypse Continues: Here Are the Lowe’s Stores Closing Soon

The Retail Apocalypse Continues: Here Are the Lowe’s Stores Closing Soon | lowes | Economy & Business Special Interests

By now, just about everyone has watched one or more local stores close their doors for good. Lowe’s, a hardware and home improvement store that has been around for 72 years, is closing around 50 of their locations just after Christmas.

Why is Lowe’s closing stores?

It appears that Lowe’s store closures are in the “we must stop hemorrhaging money” category.

Lowe’s said Monday that those locations are underperforming and the decision will help the hardware chain focus on its most profitable stores.
“The store closures are a necessary step in our strategic reassessment as we focus on building a stronger business,” said CEO Marvin Ellison, in a statement. (source)

They’re also struggling to keep up with their competitor, Home Depot.  Home Depot’s revenue last year exceeded $100 billion, but Lowe’s revenue was not quite $70 billion. Lowe’s stock prices are also lower than those of Home Depot.

“Industry experts have said that Home Depot has better real estate than Lowe’s and has invested more in its e-commerce fulfillment.” (source)

Here are the Lowe’s stores that are marked for closure.

The closures are split between Canada and the US. (List via CNN)

  • 1100 Bankhead Hwy SW, Graysville
California
  • 26501 Aliso Creek Rd, Aliso Viejo
  • 13300 Jamboree Rd, Irvine
  • 720 Dubuque Ave, South San Francisco
  • 750 Newhall Dr, San Jose
Connecticut
  • 48 Boston Post Rd, Orange
Illinois
  • 1333 Schaefer Rd, Granite City
  • 7735 Grand Ave, Gurnee
Indiana
  • 6221 US Hwy 6, Portage
Louisiana
  • 5770 Read Blvd, New Orleans
Massachusetts
  • 599 Thomas Burgin Pkwy, Quincy
Michigan
  • 4274 E Court St, Burton
  • 2100 T.A. Mansour Blvd, Flint
Minnesota
  • 2015 Bassett Dr, Mankato
Missouri
  • 11974 Paul Mayer Ave, Bridgeton
  • 3180 N Hwy 67, Florissant
New York
  • 2008 Broadway, New York
  • 635-641 6th Ave, New York
Pennsylvania
  • 250 South Conestoga Dr, Shippensburg
Texas
  • 3500 W Airport Fwy, Irving
British Columbia
  • (Rona) 105-1015 Columbia Street, New Westminster
Alberta
  • (Rona) 11520 — 24th Street SE, Calgary
  • (Reno-Depot) 12330 Symons Valley Road NW, Calgary
Ontario
Rona:
  • 1133 Dundas Street West, Mississauga
  • 1692 Lakeshore Rd, Mississauga
  • 132 Black Road, Sault Ste. Marie
  • 943 Barry Downe Road, Sudbury
  • 1575 Chemong Road, Peterborough
  • 1452 Bath Road, Kingston
  • 178 Water Street, Lakefield
  • Lowe’s:
  • 6600 Yonge Street, North York
  • 248 Northern Avenue, Sault Ste. Marie
Québec
Rona:
  • 335, Route 209, Sainte-Clotilde-de-Chateauguay
  • 870, boulevard d’Iberville, Saint-Jean-sur-Richelieu
  • 723, boulevard L’Ange-Gardien, L’Assomption
  • 788, rue Moeller, Grandby
  • 134, boulevard Sainte-Rose, Laval
  • 9200, boulevard Maurice-Duplessis, Montréal
  • 1200, rue Mantha, Rouyn-Noranda
  • 194, rue Principale, Ange-Gardien
  • 100, rue du Parc Industriel, Saint Elzéar
Newfoundland
Rona:
  • 825 Conception Bay Hwy, Conception Bay
  • 53-59 Main Highway, Goulds
  • 1297 Topsail Road, St. John’s
  • 60 O’Leary Avenue, St. John’s
  • 710 Torbay Road, St. John’s
  • 239 Conception Bay, Bay Roberts

Have you lost any major stores in your area?

Are any of these pending closures near you? Have you lost other stores in your area? Have store closures affected you negatively?  Share your thoughts in the comments section below.


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About The Author

Daisy Luther  is a coffee-swigging, gun-toting blogger who writes about current events, preparedness, frugality, voluntaryism, and the pursuit of liberty on her website, The Organic Prepper. She is widely republished across alternative media and she curates all the most important news links on her aggregate site, PreppersDailyNews.com. Daisy is the best-selling author of 4 books and lives in the mountains of Virginia with her two daughters and an ever-growing menagerie. You can find her on FacebookPinterest, and Twitter. This article originally appeared at The Organic Prepper

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