New York (CNN Business) In another sign of the times for retail, Lowe's is closing 51 North American stores. Lowe's ( LOW ) is shutting down 20 stores in the US and 31 in Canada. The company said that a "majority" of the shuttered stores are within 10 miles of another Lowe's location. The company will try to find jobs at nearby stores for its employees affected by the closings. "We believe our people are the foundation of our business and essential to our future growth," said CEO Marvin R. Ellison.

Source: CNN November 05, 2018 12:45 UTC