As we near the end of the fourth and final quarter of the year, many companies are taking the time to reassess the state of their business and come up with strategies to help them finish the year strong.
While companies like Amazon and Starbucks are guaranteed to end 2018 on a positive note, not everyone is so lucky.
Following the recent downfall of iconic retailers such as Sears and Toys 'R' Us, home improvement chain Lowe's has announced that it will be shuttering some of its stores in the United States and Canada.
The retailer said that the affected stores have been under-performing, and this decision was made after a "strategic reassessment."
"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.
A total of 51 out of the chain's 2000 locations in North America will go out of business. In the U.S., 20 stores will be impacted.
This decision will also affect hundreds of employees, but Lowe's has vowed to help these workers find similar positions within their other stores.
"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," Ellison added.
The stores are expected to close their doors by the end of the company's fiscal year, which is February 1, 2019. However, some locations will reportedly close immediately, so you will want to start keeping an eye out for closing sales in the coming days.
Here are all the locations that will be closing:
Lowe’s of Graysville, AL (Store #3039)
1100 Bankhead Hwy SW
Graysville, AL 35073
Lowe’s of Aliso Viejo, CA (Store #1900)
26501 Aliso Creek Rd
Aliso Viejo, CA 92656
Lowe’s of Irvine, CA (Store #769)
13300 Jamboree Rd
Irvine, CA 92602
Lowe’s of South San Francisco, CA (Store #2452)
720 Dubuque Ave
South San Francisco, CA 94080
Lowe’s of Central San Jose, CA (Store 2842)
750 Newhall Dr
San Jose, CA 95110
Lowe’s of Orange, CT (Store #621)
48 Boston Post Rd
Orange, CT 06477
Lowe’s of Granite City, IL (Store #3028)
1333 Schaefer Rd
Granite City, IL 62040
Lowe’s of Gurnee, IL (Store #1829)
7735 Grand Ave
Gurnee, IL 60031
Lowe’s of Portage, IN (Store #1778)
6221 US Hwy 6
Portage, IN 46368
Lowe’s of E. New Orleans, LA (Store #2690)
5770 Read Blvd
New Orleans, LA 70127
Lowe’s of Quincy, MA (Store #2267)
599 Thomas Burgin Pkwy
Quincy, MA 02169
Lowe’s of Burton, MI (Store #761)
4274 E Court St
Burton, MI 48509
Lowe’s of Flint, MI (Store #669)
2100 T.A. Mansour Blvd
Flint, MI 48532
Lowe’s of Mankato, MN (Store #2855)
2015 Bassett Dr
Mankato, MN 56001
Lowe’s of Bridgeton, MO (Store #2299)
11974 Paul Mayer Ave
Bridgeton, MO 63044
Lowe’s of Florissant, MO (Store #748)
3180 N Hwy 67
Florissant, MO 63033
Lowe’s of Manhattan – Upper West Side (Store #3292)
New York, NY 10023
Lowe’s of Manhattan – Chelsea (Store #3293)
635-641 6th Ave
New York, NY 10011
Lowe’s of Shippensburg, PA (Store #2816)
250 South Conestoga Dr
Shippensburg, PA 17257
Lowe’s of Irving, TX (Store #1811)
3500 W Airport Fwy
Irving, TX 75062