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.
Lowe’s Companies, Inc. has announced the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment.
The RONA store on Barrydowne and two stores in Sault Ste. Marie are three of 31 Canadian stores that will be shutting their doors by Feb. 1, 2019. Twenty U.S. stores are also be closing.
“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,” said Marvin R. Ellison, Lowe’s president and CEO, in a news release. “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.”
To facilitate an orderly wind-down, the company said it intends to conduct store closing sales for most of the impacted locations with the exception of select stores in the U.S., which will close immediately.
