Lowes Closing Three St. Louis Area Stores

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There are 31 locations closing in Canada, majority part of a $3.2 billion acquisition in 2016 of Rona, which had 496 corporate and dealer-owned stores. The most store closures will occur in Ontario, including in cities such as Sault Ste. Lowe's has aggressively expanded in DE and opened stores in smaller communities, such as Seaford The closest location to close is in upstate Pennsylvania. You can find a list of Lowe's closure here.

The stores will close by the end of the company's fiscal year, which ends in February 2019.

20 stores will be closed in the States and 31 will be shuttered in Canada. What's more, the closure of these stores isn't a portentous sign that the company will disappear from shopping centers across the country.

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Lowe's stock price closed at $96.82 per share on Monday, Nov. 5, up from $77.41 a year ago, a almost 25 percent increase.

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.

There has been uncertainty in Kingston after Lowe's announced it would be closing 27 RONA locations across Canada, including one in Kingston.

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Last week, for instance, Lowe's hired Seemantini Godbole, Target's senior vice president of digital and marketing technology, as its chief information officer.

Another "fundamental" to be addressed, Ellison said, is supply chain, an area the retailer will work to update and improve in coming months.

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