Home improvement chain Lowe’s Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada on Nov. 5 as it strives to compete with rival Home Depot Inc in a slowing housing market.
Lowe’s gave no detail of job losses in the move, which closes stores in some upmarket areas including Broadway and Chelsea in Manhattan and follows the shutdown of 99 Orchard Supply stores in California.
