Economy

Lowe’s closing underperforming stores, including 1 in MA

Lowe’s closing underperforming stores, including 1 in MA”

The company says it will give associates opportunities to transition to other stores. It will also close 20 "underperforming" stores in the U.S.

Based in Boucherville, Que., Lowe's Canadian business has more than 630 corporate and independent affiliate dealer stores.

It says most of the impacted stores will close by February 1, 2019. Twenty of the closings are in the United States, and California leads the way with four (San Jose, South San Francisco, Irvine, and Aliso Veijo).

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

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 USA, which will close immediately.

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

In an interview with the Observer last month, Ellison said he considers Lowe's a "transformation" and not a "turnaround" like J.C. Penney, where he spent the last three years as CEO.



Like this

loading...
loading...

Latest


05 November 2018
Saudi Arabia 'sent agents to cover up Jamal Khashoggi's murder' in Istanbul
He further urged Riyadh to be more transparent in the so-called investigation into Khashoggi's torture, death, and dismemberment. Saudi officials initially insisted Khashoggi had left the consulate, then said he died in an unplanned "rogue operation".

05 November 2018
Tottenham must alter Pochettino's pressing style: Lloris
After making a solid start to the season momentum has slowed down for the Midlands club with defeats to Everton and Brighton. MF Mousa Dembele , N/R - Suffered an ankle injury inside the opening two minutes, ending his involvement.

05 November 2018
Police raid office of preacher who claims to have HIV/AIDS cure
However, local health authorities and world bodies, including the World Health Organisation , dismissed his claim. Moyo urged HIV patients in Zimbabwe to continue taking their ARV medication because Magaya's "cure" is untested.

05 November 2018
Trump distancing self from fate of GOP in House
Trump is leading the country, meaning the president's polarizing style likely will play a big role in election night results. The Democrats' hopes of blunting the GOP's march or even flipping seats run through places such as Tennessee, where Mr.

05 November 2018
Iran Warns of 'War Situation' as the U.S. Resumes Sanctions
In contrast, with the US-EU trade wars toned down, most large EU businesses are cooperating with US sanctions against Iran. Pompeo maintained that despite the waivers, "these sanctions have already had an enormous impact".

05 November 2018
Floyd Mayweather signs up for bout with young kickboxer
RIZIN has yet to announce the rules so it's not clear if this will be contested under boxing or kickboxing rules. Maybe he'll face Nasukawa in a straight boxing match; that would seem to be the most likely outcome.

05 November 2018
Khachanov advances to Paris Masters final
Khachanov broke for 6-5 when he hit a powerful shot down the line that Djokovic could only scoop back into the net. Djokovic has been hot recently, winning 22 straight matches and qualifying for his fourth consecutive final.

04 November 2018
Man Arrested For Fires, Anti-Semitic Graffiti At NYC Jewish Institutions
Police said there were also drawings of the Puerto Rican flag, and the words "Free PR" were written in black marker on walls. A 26-year-old man was arrested on November 2, after anti-semitic messages were found in a synagogue in Brooklyn, New York.

04 November 2018
Rooney set for one-off England return against USA
Unfortunately, the fairytale ended this week as Rooney missed a penalty in a 3-2 penalty shootout defeat to the Columbus Crew. Playing for England has always been special to me. "It's fitting the match will be against the United States of America".

04 November 2018
Kim Kardashian Halloween: Star issues apology after using derogatory term
She added that it was not her intention to offend anyone and will learn from her mistake. "Why did I even say that?" she tweeted. The video was initially posted on Kim's Instagram story, but after the backlash she deleted it.