27 Lowe’s & Rona Stores Closing In Canada

Stores are closing in B.C., Alberta, Ontario, Quebec, and Newfoundland & Labrador.

By February of 2019, 27 Lowe’s & Rona stores are closing in Canada. Four other locations also owned by Lowe’s will be closing as well.

Many retail chains have been struggling, and U.S.-based Lowe’s has been facing challenges for some time.

Canadian consumer spending is also expected to take a hit as the household debt problem and rising interest rates eats into money that Canadians could have been spending in the economy.

Rona was once a Canadian company, but was bought by Lowe’s in 2016.

According to reports, Lowe’s stores have only been able to manage about half the sales of Home Depot, their far more successful rival.

The reduction in Lowe’s stores is just the latest in what has been a nightmarish period for retail, as online shopping continues to surge. And while stores like Home Depot and Lowe’s have been more resistant to that trend, they are clearly not immune.

A video report on the closure of stores in both Canada & the U.S. can be watched below:

Spencer Fernando

Photo – YouTube

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Don Taylor

This Is all due to the incompetence of the narcissistic Ahole Justin Trudeau

Frank

And Rachel Notley; who along with Trudeau are killing Alberta.

Del

Just another benefit of the threatened Trudeau Carbon Tax. Shut down business and put people out of a job so they don’t have to drive to work. The Libs claim our economy is booming, so why are companies shutting down Canadian operations? I wonder if Amazon delivers plywood?

Mike Allan

Personally I have never seen the seen the working men and women of Canada ever prosper while the libtards have control.That goes for all the provinces,know matter what lies they indoctrinat you with day after day.If you believe trudope Seek help.

shawn harris

Just more proof that you can’t as a government continue , without end, raising taxes and regulations and still believe , that Canada will have a more prosperous economy. The more money governments, especially of the socialist type,take away from both businesses and workers, the less there is for taxpayers and citizens to spend. It is an obvious fact that Trudeau and his far left socialists think of as nothing to be worried about. They see the solution as just borrow more and more money and then increase taxes to cover for the devastating debt load Canada has now, thanks… Read more »

Eric Blair

As much as I would like to blame Trudeau for the closures of some of the Lowe’s stores, I think that their problems is just not enough customers. In New Westminster BC the Lowe’s there is just in a bad location period whereas the Home Depot in Richmond is in a great location and for a much longer time so they have customer loyalty. By me there is a new Rona in Tsawwassen and I have never been in it where the people working there out number the customers or should I say shoppers. Just pathetic. Is it in a… Read more »