Updated: November 5 at 7:23 a.m. 

Lowe's has announced it is closing 20 stores across the U.S.,including its Mankato location.

The company says the closure is part of its ongoing strategic reassessment and involves underperforming locations.

The Mankato location is the only one closing in Minnesota.

Employees of the Mankato location say they were notified of the closure last night and that they were offered to transfer to similar positions at other stores or take a severance package.

Employees were told the store closing sale will begin this Thursday and closing the store will take between 9 and 12 weeks.

Lowe's says it expects to close all 20 locations by February 1.

This announcement follows the closure of other department stores in Mankato, like Sears, Gordman's, Gander Mountain and Herberger's, all closing within the last two years.

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Multiple employees of the Mankato Lowe’s Store tell KEYC News 12 the store is closing.

Employees were told in a meeting Sunday evening.  The employee’s tell KEYC News 12 the store is closing due to low sales performance.

Employees were told they would transfer to similar positions at other stores or take a severance package.

Employees were told the store closing sale will begin this Thursday and will take between 9 and 12 weeks.

Employees tell KEYC News 12 other locations are closing, but were unclear of where those stores were.  They also say an official announcement will be made tomorrow.

In the last two years, Sears, Gordman’s, Gander Mountain and Herberger’s have closed their doors in Mankato.

KEYC News 12 has reached out to Lowe's media relations for comment on this story.

Stay with KEYC News 12 for further updates.

--KEYC NEWS 12