Lowe’s closing 31 Canadian stores, 20 stores in U.S.

Customers walk toward a Lowe's store in Hialeah Fla

Customers walk toward a Lowe's store in Hialeah Fla

The RONA store on Barrydowne Road in Greater Sudbury is set to close as Lowe's Companies Inc. focuses on its most profitable stores to improve the overall health of its store portfolio, it said in a news release.

In addition to the 20 US closings, the news release stated Lowe's will close 31 Canadian stores.

Store closing sales will occur at most of the affected locations, with exception of select stores in the US, which the company said will close immediately.

The list of other US stores closing include locations in Alabama, California, Connecticut, Indiana, Louisiana, Massachusetts, Michigan, Minnesota, New York, Pennsylvania and Texas.

It's unclear how many total workers are affected.

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Despite a strong housing market that's benefited the home-improvement retail industry, Lowe's has still trailed its larger competitor, Atlanta-based Home Depot.

Lowe's made the announcement Monday. It announced in August that it would close all 99 Orchard Supply Hardware stores, leading to write downs of $390 million to $475 million.

Ellison has also initiated some major shakeups in the company's executive leadership ranks.

Ellison left J.C. Penney where he was also CEO in May to join Lowe's.

The company says the closings are part of the company's strategic reassessment.

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