All the Stores Lowe’s Will Close in the Coming Weeks

By Douglas A. McIntyre Updated Jan 11, 1:52PM EST · Published Dec 11, 10:32AM EST

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All the Stores Lowe’s Will Close in the Coming Weeks — © Thinkstock

Home improvement retailer Lowe’s Companies Inc. (NYSE: LOW) will close a number of its stores between now and the end of its fiscal year, which falls on February 1. It is the latest brick-and-mortar retailer to cut its national footprint. Lowe’s provided the list today, which includes 20 stores in the United States and 31 in Canada.

Lowe’s management said that most of the U.S. stores to be closed are within 10 miles of one of its other locations. Some Lowe’s workers will be able to move. All retailers have stores that perform much better than others. Lowe’s has decided to prune some of its weakest. Marvin R. Ellison, Lowe’s president and CEO, said:

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. 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 will suffer a financial setback because of the decision, which it said would be $0.28 to $0.34 per share, and which it said it did not anticipate in the current year, which is fiscal 2018. Lowe’s is barely growing, and its bottom line is shrinking. In its most recently reported quarter, revenue rose to $17.4 billion from $16.8 billion. Net income fell to $629 million from $872 million. At the time, Lowe’s said it would close the stores but did not list them. Lowe’s had 2,133 stores before the current downsizing.

Lowe’s faces several problems that it has in common with other large retailers. It has very direct competition in the larger Home Depot. It also competes directly with Ace Hardware. Many large retailers have substantial home improvement sections. This is especially true of Walmart. Amazon also has a huge home improvement inventory, which it calls the Amazon.com Tools and Home Improvement Store.

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These are the 51 stores Lowe’s is closing in the United States and Canada:

State	City	Address
Alabama	Graysville	1100 Bankhead Hwy SW
California	Aliso Viejo	26501 Aliso Creek Rd.
California	Irvine	13300 Jamboree Rd.
California	South San Francisco	720 Dubuque Ave.
California	San Jose	750 Newhall Dr.
Connecticut	Orange	48 Boston Post Rd.
Illinois	Granite City	1333 Schaefer Rd.
Illinois	Gurnee	7735 Grand Ave.
Indiana	Portage	6221 U.S. Hwy 6
Louisiana	New Orleans	5770 Read Blvd
Massachusetts	Quincy	599 Thomas Burgin Pkwy
Michigan	Burton	4274 E. Court St.
Michigan	Flint	2100 T.A. Mansour Blvd
Minnesota	Mankato	2015 Bassett Dr.
Missouri	Bridgeton	11974 Paul Mayer Ave.
Missouri	Florissant	3180 N. Hwy 67
New York	New York	2008 Broadway
New York	New York	635-641 6th Ave.
Pennsylvania	Shippensburg	250 South Conestoga Dr.
Texas	Irving	3500 W. Airport Fwy

Canada
Alberta	Calgary	11520—24th Street SE
Alberta	Calgary	12330 Symons Valley Road NW
British Columbia	New Westminister	105-1015 Columbia Street
Newfoundland	Bay Roberts	239 Conception Bay
Newfoundland	Conception Bay	825 Conception Bay Hwy
Newfoundland	Goulds	53-59 Main Highway
Newfoundland	St. John’s	66 O’Leary Ave.
Newfoundland	St. John’s	1297 Topsail Rd.
Newfoundland	St. John’s	710 Torbay Rd.
Ontario	Kingston	1452 Bath Rd.
Ontario	Lakefield	178 Water St.
Ontairo	Mississauga	1133 Dundas St.
Ontario	Mississauga	1692 Lakeshore Rd.
Ontario	North York	6600 Yonge St.
Ontario	Peterborough	1575 Chemong Rd.
Ontario	Sault Ste. Marie	132 Black Rd.
Ontario	Sault Ste. Marie	248 Northern Ave.
Ontario	Sudbury	943 Barry Downe Rd.
Quebec	Ange-Gardien	194, rue Principale
Quebec	Grandby	788, rue Moeller
Quebec	L’Assomption	723, boulevard L’Ange-Gardien
Quebec	Laval	134, boulevard Sainte-Rose
Quebec	Montreal	9200, boulevard Maurice-Duplessis
Quebec	Rouyn-Noranda	1200, rue Mantha
Quebec	Saint Elzear	100, rue du Parc Industriel
Quebec	Sainte-Clotilde-de-Chateauguay	335, Route 209
Quebec	Saint-Jean-sur-Richelieu	870, boulevard d’Iberville

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.