Lowe’s Companies Inc. said it would close nearly 50 stores as a new CEO seeks to boost sales by shedding less-profitable locations and focus spending elsewhere. The home-improvement retailer will close 31 locations, including 4 offices and specialty plants, in Canada and 20 stores in the U.S. Some stores will close immediately, others by the end of the company’s fiscal year on Feb. 1, 2019.

Source: Wall Street Journal November 05, 2018 14:07 UTC