Account Login/Registration

Access KelownaNow using your Facebook account, or by entering your information below.


Facebook


OR


Register

Privacy Policy

Dozens of Lowe’s and RONA stores closing across Canada

Lowe’s Canada has announced the company will be closing dozens of underperforming stores across Canada.

A total of 34 stores will cease operations across six provinces, including Lowe’s Prince George, RONA Surrey and RONA Osoyoos.

<who> Photo Credit: The Canadian Press.

“While making decisions that impact our associates and their families is never easy, closing underperforming stores is a necessary step in our plan to ensure the long-term stability and growth of our Canadian business,” said Tony Cioffi, Interim President of Lowe’s Canada.

“We are taking decisive action to build a healthy business which will provide us with the flexibility to reinvest in our future growth. This includes having a clear strategy for our banners, built on the strength of our Lowe’s, RONA and Reno-Depot brands.”

Employees at the stores impacted by the decision will be supported through the transition, but no details on what type of support were given by the company.

“Given the existing need for personnel throughout the Lowe’s Canada network, eligible employees will be offered the opportunity to transfer to a nearby store,” Lowe’s stated in a release.

The closures, set for early next year, add to its announced closure of 31 Canadian locations in November of 2018.

At the time the company also announced the closure of 20 stores in the U.S.

Lowe's bought Rona in 2016 in a deal valued at $3.2 billion.

With files from the Canadian Press.



If you get value from KelownaNow and believe local independent media is important to our community we ask that you please consider subscribing to our daily newsletter.

If you appreciate what we do, we ask that you consider supporting our local independent news platform.


Send your comments, news tips, typos, letter to the editor, photos and videos to news@kelownanow.com.



Weather
webcam icon

weather-icon
Tue
19℃

weather-icon
Wed
15℃

weather-icon
Thu
10℃

weather-icon
Fri
8℃

weather-icon
Sat
8℃

weather-icon
Sun
9℃

current feed webcam icon

Recent Livestream




Top Stories

Follow Us

Follow us on Instagram Follow us on Twitter Like us on Facebook Follow us on Linkedin Follow us on Youtube Listen on Soundcloud Follow Our TikTok Feed Follow Our RSS Follow Our pinterest Feed
Follow Our Newsletter
Privacy Policy

Quick Links