Business & Tech
Lowe's Shuttering 2 'Underperforming' NY Stores
The home improvement giant is closing 20 of its worst performing stores in the country.
Home improvement retailer Lowe's is ditching two of its New York stores due to poor store performance, the company announced Monday.
The Chelsea Lowe's, located on Sixth Avenue and W. 20th Street in Manhattan, and the Upper West Side Lowe's located at 2008 Broadway in Manhattan, are among 20 stores nationwide the retailer is shuttering due to staggering sales.
"While decisions that impact our associates are never easy, the store closures are a necessary step in our strategic reassessment as we focus on building a stronger business," Marvin Ellison, Lowe's president and CEO, said in a statement.
Find out what's happening in Riverheadfor free with the latest updates from Patch.
"We believe our people are the foundation of our business and essential to our future growth, and we are making every effort to transition impacted associates to nearby Lowe's stores."
The jumbo-sized stores are expected to close before Feb. 1, 2019, though some stores may close immediately, company officials said.
Find out what's happening in Riverheadfor free with the latest updates from Patch.
See the full list of stores closing here.
Written by Patch staff
Photo courtesy of Justin Sullivan/Getty Images
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