Lowe’s Announces Plans to Close 51 Stores in North America, Including 4 in California

Customers enter a Lowe's home improvement store on Aug. 17, 2016, in San Bruno. (Credit: Justin Sullivan / Getty Images)

In another sign of the times for retail, Lowe’s is closing 51 North American stores.

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.

Retail stores are struggling to adjust to the rapid rise of online shopping, particularly from Amazon (AMZN). Many successful retailers with big stores have adjusted their business strategies to make better use of their physical spaces. Others, including Sears, Kmart and Toys “R” Us, failed.

Lowe’s and its rival Home Depot have proven to be largely Amazon-proof, because Amazon does not sell lumber or other heavy, bulky home improvement products.

But Lowe’s is struggling to keep up with Home Depot. Last year, Home Depot’s revenue hit more than $100 billion, while Lowe’s sales were below $70 billion. Lowe’s stock price has also lagged behind its rival, leading to pressure from activist investors.

Earlier this year, Lowe’s gave the reins to a home improvement veteran to turn around the company. Ellison was a top executive Home Depot for more than a decade, and most recently served as JCPenney’s (JCP) CEO.

Ellison has already made some big strategic decisions, including closing all of its Orchard Supply Hardware stores and slashing inventory at its Lowe’s stores.

He believes targeting professional home builders and construction companies with higher-quality tools and equipment, additional discounts, and better customer service will improve Lowe’s. Sales to home building pros make up around 45% of Home Depot’s sales, but only around 30% of Lowe’s sales, according to analysts at Wedbush Securities.

Lowe’s (LOW) will shut down 20 stores in the United States and 31 in Canada. The company said that a “majority” of the shuttered stores are within 10 miles of another Lowe’s location.

The stores will be closed before Feb. 1, 2019. The company will try to find jobs at nearby stores for its employees affected by the closings.

Lowe’s said it would close these stores:

Alabama

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

Lowes also said it plans to close or consolidate 4 non-store facilities.

List of planned U.S. store closures:

Alabama
Lowe’s of Graysville, AL (Store #3039)
1100 Bankhead Hwy SW
Graysville, AL 35073

California
Lowe’s of Aliso Viejo, CA (Store #1900)
26501 Aliso Creek Rd
Aliso Viejo, CA 92656

Lowe’s of Irvine, CA (Store #769)
13300 Jamboree Rd
Irvine, CA 92602

Lowe’s of South San Francisco, CA (Store #2452)
720 Dubuque Ave
South San Francisco, CA 94080

Lowe’s of Central San Jose, CA (Store 2842)
750 Newhall Dr
San Jose, CA 95110

Connecticut
Lowe’s of Orange, CT (Store #621)
48 Boston Post Rd
Orange, CT 06477

Illinois
Lowe’s of Granite City, IL (Store #3028)
1333 Schaefer Rd
Granite City, IL 62040

Lowe’s of Gurnee, IL (Store #1829)
7735 Grand Ave
Gurnee, IL 60031

Indiana
Lowe’s of Portage, IN (Store #1778)
6221 US Hwy 6
Portage, IN 46368

Louisiana
Lowe’s of E. New Orleans, LA (Store #2690)
5770 Read Blvd
New Orleans, LA 70127

Massachusetts
Lowe’s of Quincy, MA (Store #2267)
599 Thomas Burgin Pkwy
Quincy, MA 02169

Michigan
Lowe’s of Burton, MI (Store #761)
4274 E Court St
Burton, MI 48509

Lowe’s of Flint, MI (Store #669)
2100 T.A. Mansour Blvd
Flint, MI 48532

Minnesota
Lowe’s of Mankato, MN (Store #2855)
2015 Bassett Dr
Mankato, MN 56001

Missouri
Lowe’s of Bridgeton, MO (Store #2299)
11974 Paul Mayer Ave
Bridgeton, MO 63044

Lowe’s of Florissant, MO (Store #748)
3180 N Hwy 67
Florissant, MO 63033

New York
Lowe’s of Manhattan – Upper West Side (Store #3292)
2008 Broadway
New York, NY 10023

Lowe’s of Manhattan – Chelsea (Store #3293)
635-641 6th Ave
New York, NY 10011

Pennsylvania
Lowe’s of Shippensburg, PA (Store #2816)
250 South Conestoga Dr
Shippensburg, PA 17257

Texas
Lowe’s of Irving, TX (Store #1811)
3500 W Airport Fwy
Irving, TX 75062