The Rona home centre in Columbia Square is one of 31 stores Lowe’s Companies Inc. is closing across Canada
The New West store is the only store in B.C. that’s being closed, with others set to close in Alberta, Ontario, Quebec, Newfoundland and Labrador. The Lowe’s store in Queensborough will continue to operate.
Lowe’s has announced it is winding down operations of “certain underperforming store locations” as part of its strategic reassessment. Along with 31 stores in Canada, the retailer is closing 20 stores in the United States.
“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,” Lowe’s president and CEO Marvin R. Ellison said in a news release. “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.”
According to the press release, Lowe’s expects to close the impacted stores by the end of the company’s 2018 fiscal year, which is Feb. 1, 2019. 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 U.S., which will close immediately.
Rona opened it 7,900 square feet space in Columbia Square in October 2012, when the “satellite store” was billed as being "a convenient neighbourhood store where customers benefit from expert advice and a basic selection of hardware products."