Lowe’s closing underperforming stores, including 1 in MA

Sears closed its last Chicago store

"The decision was informed by the strategic reassessment work we have been doing over the last few months".

The company is already shuttering its Orchard Supply chain of 99 stores, leading to between US$390 million and US$475 million in write-downs.

The stores off Corunna Road in Flint Township and Court Street in Burton are among twenty underperforming locations across the US being shut down.

North Carolina-based Lowe's said the majority of stores impacted are located within 10 miles of another Lowe's, and that most employees "will be extended opportunities to transition to a similar role" at a nearby store.

Buffetted in recent quarters by the impact of a long winter in North America, Lowe's has been striving to find ways to catch up with the long-time sector leader Home Depot, whose stores on average generate nearly twice as much in sales.

Sri Lanka rivals target defectors to end political crisis
The billions China loaned Sri Lanka to develop the port and airport - a sign of Rajapaksa's pro-China leanings has India anxious . On Tuesday, thousands of Sri Lankans protested in the capital demanding Sirisena immediately convene Parliament.

Bournemouth vs. Manchester United live stream
It's safe to say that Callum Wilson has been one of the best performing English strikers in the Premier League this season. I said it is impossible to play worse than we did so the second half will be better for sure.

Maharashtra: Man-eater Tigress Avni Killed in Yavatmal District Forest
The forest department outlined the course of events in a press release . "The tigress had shown aggression to this villager". The tigress was hunted down in the forests of Maharashtra's Yavatmal district on Friday as part of an operation.

"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", Prud'homme said in a statement.

Lowe's on Thomas Burgin Parkway in Quincy is the only store in MA impacted by the closures.

Hilco Merchant Services has partnered with the retailer to help manage the process in the U.S.

Lowe's expects the stores targeted will be closed by February 1.

To catch up, Lowe's has been working to slash costs and boost profits in recent years.

Related news:

Hot News

isis-killer-beheading-video-story-top U.S. officially reimposes all sanctions lifted under 2015 Iran nuclear deal
Nov 05, 2018 - 16:57
The Trump administration has granted exemptions to eight countries to continue importing Iranian oil, without naming them. Saudi Arabia is the only country with the capacity to make up for lost Iranian oil production.

isis-killer-beheading-video-story-top Obama warns against fear, Trump touts economy on campaign trail
Nov 05, 2018 - 15:58
Back in Montana on Saturday afternoon, he slammed Democratic Sen. "I do not want our borders overrun". At the moment, Nelson is the only Democrat holding statewide office in Florida.

isis-killer-beheading-video-story-top Tornado causes wall collapse at Amazon fulfillment center in Baltimore, two dead
Nov 05, 2018 - 11:00
A 50-by-50-foot wall collapsed at the facility, which is located in southeast Baltimore, at around 10:30 p.m. on Friday. He was taken to the hospital, where he was then declared dead.

isis-killer-beheading-video-story-top Floyd Mayweather to make shock return vs Japanese kickboxer Tenshin Nasukawa
Nov 05, 2018 - 10:46
Nasukawa , a southpaw, is considerably smaller than Mayweather . "My punch is here to change history". When asked about the sort of rules he preferred for the bout, Nasukawa said he really didn't care.

isis-killer-beheading-video-story-top Cardiff City vs. Leicester City - Football Match Report
Nov 05, 2018 - 09:32
Goals from Erik Lamela, Lucas Moura and Harry Kane appeared to put Tottenham in an unassailable position at Wolverhampton. Leicester City's players travelled to Bangkok to attend Vichai's funeral after their match with Cardiff City last night.

isis-killer-beheading-video-story-top Patriots beat Packers behind Tom Brady in battle vs. Aaron Rodgers
Nov 05, 2018 - 08:45
While Michel has missed some time due to injury, he's a true dual-threat back that makes an impact in all phases of the game. The Packers defeated the Patriots in Super Bowl XXXI which is the only postseason matchup between these two franchises.

isis-killer-beheading-video-story-top Rooney returns for England farewell against United States
Nov 05, 2018 - 05:26
The 33-year-old, who now plays for MLS side DC United , has not played for England in nearly two years. It's fitting the match will be against the United States of America".

isis-killer-beheading-video-story-top Nigeria's army cites Trump to justify shooting Shia protesters
Nov 04, 2018 - 23:46
But his words were also heard much farther away from Washington: in Nigeria, where Trump has a higher approval rating than anywhere else in Africa.

isis-killer-beheading-video-story-top US Soldier Killed In Kabul Had Been A Utah Mayor
Nov 04, 2018 - 23:38
Taylor resigned from the mayor's office before he went overseas, the Standard-Examiner of Ogden reported . Taylor leaves behind a wife and seven children, and a town that grieves their popular mayor.

isis-killer-beheading-video-story-top Milner milestone in vain as Arsenal holds Liverpool
Nov 04, 2018 - 23:35
He scores important goals, makes important challenges, is a good passer of the ball and nearly always completes 90 minutes. But - as they have done a few times already this year. "I was actually waiting for Robin van Persie and Dennis Bergkamp".

isis-killer-beheading-video-story-top China wants to ‘very badly’ strike a trade deal with US
Nov 04, 2018 - 23:02
China's latest economic indicators suggest the trade war is having a bigger and quicker impact on the economy than expected. And he has previously made concessions to USA adversaries that have drawn backlash from both Democrats and Republicans.

isis-killer-beheading-video-story-top Andre Russell to miss T20I series against India
Nov 04, 2018 - 17:31
This after India defeated West Indies in the fifth ODI encounter to clinch the five-match series 2-1 in Thiruvananthapuram. Several new faces have been inducted into the Indian team to test the struggling West Indies team in 3-match T20I series.

isis-killer-beheading-video-story-top Matches to Make After UFC 230
Nov 04, 2018 - 16:43
Lewis may have all the heart in the world, but that doesn't tend to be much help against a fighter as skilled as Cormier. But, as happened in the first round, Cormier grabbed a single leg and swept Lewis to his back.

isis-killer-beheading-video-story-top Saudi-led coalition bombs air base in Yemen capital
Nov 04, 2018 - 16:36
On Friday, the coalition said it had attacked ballistic missile and drone sites at the global airport of the Yemeni capital. On Tuesday it was reported that the real death toll in Yemen was likely five times higher than the official count given.

isis-killer-beheading-video-story-top USA campaigns in high gear three days before congressional elections
Nov 04, 2018 - 14:39
Knight coached the Indiana University basketball team for almost 30 years, winning three NCAA championships. The past week has seen Trump make a number of stops in several US states including Missouri.