Home improvement retailer Lowe's announced Monday it will close underperforming stores in the US and Canada as part of a reorganization.
The company said the "wind-down" of the underperforming stores is part of its ongoing strategic reassessment.
Lowe's said the US stores are closing immediately.
The impacted stores are expected to be closed by February 1, 2019, the end of the company's 2018 fiscal year.
Most of the stores slated to close are located within 10 miles of another Lowe's, and the company said employees at closing stores would have the chance to transfer to similar jobs at nearby locations. It did not identify which stores those are.
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Ellison previously spent more than 12 years at Lowe's rival, Home Depot, and is the former CEO of J.C. Penney Co.
Lowe's last month opened a second store in Windsor, Ont. The company signed a 15-year lease with Ashkenazy Acquisition Corporation for the property, replacing sections of now-closed Macy's.
Among the 27 stores set to close by the end of January are nine in Ontario, nine in Quebec, six in Newfoundland and Labrador, two in Alberta and one in British Columbia.
Lowe's shook up its executive suite recently, hiring a new chief information officer from Target. The priority for Lowe's right now, he said, is improving basic "retail fundamentals".
An accompanying news release describes the 51 locations, 20 of them in the USA, as "underperforming".