Lowe's Canada announces the completion of the consolidation of its operations at its Boucherville head office and the closing of 27 underperforming corporate stores

BOUCHERVILLE, QC, Nov. 5, 2018 /CNW Telbec/ - Lowe's Canada announced earlier today the completion of the consolidation of Lowe's Canada's operations at the Boucherville, QC head office, which will lead to the closing of the Mississauga, ON and St. John's, NF regional support centres in 2019. Lowe's Canada further announced that it will close 27 underperforming corporate stores across the country, representing approximately 3% of its total retail network square footage, before the end of January 2019.

"Having our operations under one roof will allow us to improve collaboration between our banners to better serve our customers," said Sylvain Prud'homme, President and Chief Executive Officer, Lowe's Canada. "The decision to close stores is never one that we make lightly. However, following a detailed business review, we believe that this is the right path for the organization's future. Everything will be done to ensure a smooth transition until the stores are closed, and Lowe's Canada will support impacted employees, including by transferring eligible employees to other locations within our network whenever possible."

In addition to the above-mentioned closures, a truss plant located in St. John's, NF and a block plant located in Kamloops, BC, will also be closed. Lowe's Canada will continue to serve customers in markets formerly served by closing stores through the other Lowe's, RONA, Reno-Depot, Ace Canada, Dick's Lumber and Contractor First corporate and affiliated dealer locations within its Canadian retail network, as well as through its online offer and parcel delivery service.

Store closures:

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, Canada and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe's and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Based in Boucherville, Quebec, Lowe's Canadian business, together with its wholly owned subsidiary, RONA inc., operates or services more than 630 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe's, RONA, Réno-Dépôt, Dick's Lumber, Contractor First and Ace. In Canada, the companies have more than 28,000 employees, in addition to nearly 5,000 employees in the stores of RONA's independent affiliate dealers. For more information, visit lowescanada.ca.

SOURCE Lowe's Canada