Lowe's Closing 'Underperforming' Stores, Including 1 In Minnesota

MINNESOTA —Lowe’s Monday announced the wind-down of dozens of "underperforming" store locations. The company will close 20 U.S. stores and 31 Canadian stores and other locations.

“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,” Marvin R. Ellison, Lowe’s president and CEO, said in a statement.

“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.”

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Lowe's will be closing its location in Mankato at 2015 Bassett Drive. The company expects to close the Minnesota location and the other impacted stores by Feb. 1, 2019, according to a news release.

Lowe's intends to conduct store closing sales for most of the locations, though the company did not specify which.

Lowe's currently has 11 Minnesota stores in the following locations:

• Blaine
• Coon Rapids
• Hibbing
• Mankato (slated to close by Feb. 1)
• Maple Grove
• Oak Park Heights
• Owatonna
• Plymouth
• Rochester
• Shakopee
• West St. Paul

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