Lowe's: set to close about 50 stores
(CercleFinance.com) - Lowe's has announced its intention to close some underperforming stores as part of its ongoing strategic assessment.
This is to focus on its most profitable sites and improve the overall health of its store portfolio.
The home improvements chain will therefore close 20 sales outlets in the US and 31 in Canada, which should be completed by the end of its fiscal year on 1 February next year.
These measures will have in a financial impact of 28 cents to 34 cents per share, which was not integrated into the outlook for the entire current year, at its last quarterly publication on 22 August.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This is to focus on its most profitable sites and improve the overall health of its store portfolio.
The home improvements chain will therefore close 20 sales outlets in the US and 31 in Canada, which should be completed by the end of its fiscal year on 1 February next year.
These measures will have in a financial impact of 28 cents to 34 cents per share, which was not integrated into the outlook for the entire current year, at its last quarterly publication on 22 August.
Copyright (c) 2018 CercleFinance.com. All rights reserved.