Lowe's Home Improvement stores in San Jose and South San Francisco with under-performing sales are among 51 in the USA and Canada that will close in the coming months, company officials announced Monday.
Ellison told investors in August that the smaller OSH stores were not running well and could never become a big part of Lowe's overall business. The company says eight employees at each Mississauga location will be affected.
The store closures, all in the United States and Canada, are set to be completed by the end of January, Lowe's spokesman Steve Salazar said in an email. It did not identify which stores those are.
No local stores were among those listed to close.
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The home improvement company is not the only retailer to close its doors in recent months.
David Soberman, a University of Toronto professor specializing in marketing and retail, said Lowe's 2016 acquisition of Rona Inc.in a deal valued at $3.2 billion. has likely fuelled some of the Canadian cuts.
Lowe's shook up its executive suite recently, hiring a new chief information officer from Target.
That includes, for instance, retooling inventory to ensure popular products are always in stock, and that Lowe's clears out unpopular products that gather dust on the shelves. Most employees will be allowed to transfer to a different store in some cases, it said.