Rona and Lowe's stores to close in northeastern Ontario

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Lowe's expects the stores targeted will be closed by February 1.

In addition to the 20 USA closings, the news release stated Lowe's will close 31 Canadian stores.

To facilitate an orderly wind-down, the company 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.

Another 31 stores are being shuttered in Canada, Lowe's said.

Lowe's Companies, Inc. announced Monday the closure of 20 stores in the USA and additional closures in Canada and other locations. As recently as August, Lowe's held a job fair for the store.

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Lowe's now operates a total of 2,390 home improvement and hardware stores.

The company says it will give associates opportunities to transition to other stores.

It was just over a year ago that Lowe's bought fellow Canadian home improvement retailer Rona.

Ellison has also initiated some major shakeups in the company's executive leadership ranks. Lowe's also did away with a few high-profile positions, such as its chief operating officer and chief customer officer, and replaced them with other roles that report directly to Ellison.

The company says the closings are part of the company's strategic reassessment.

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