Lowes to close 51 stores in North America next year

Courtesy: MGN

NEW YORK, NY (CNN) - Lowe's will be closing more than 51 stores across North America before Feburary 1, 2019.

The home improvement chain will shut down 20 locations in the US and 31 in Canada. The company says the locations are under performing and a majority are within 10 miles of another Lowe's location.

According to the official list, both locations in Bryan/College Station are to remain open.

According to CNN Business, Lowe's and its rival Home Depot have proven to be largely Amazon-proof, because Amazon does not sell lumber or other heavy, bulky home improvement products.

But Lowe's is struggling to keep up with Home Depot. Last year, Home Depot's revenue hit more than $100 billion, while Lowe's sales were below $70 billion. Lowe's stock price has also lagged behind its rival, leading to pressure from activist investors.

The stores will be closed before Feb. 1, 2019. The company will try to find jobs at nearby stores for its employees affected by the closings.