Skip to comments.Lowe's closes stores, slashes new store plan
Posted on 10/17/2011 6:31:30 AM PDT by Beaten Valve
Lowe's Cos Inc (LOW.N) said on Monday it is closing 20 of its U.S. stores, eliminating nearly 2,000 jobs, and the home improvement retailer now plans to open far fewer locations in the future, citing the need to improve its profitability.
Lowe's, which operates about 1,700 stores in the United States, said it closed 10 stores on Sunday and would close another 10 within a month. The expenses associated with the closing will come to 17 cents to 20 cents per share.
Some 1,950 workers will lose their jobs.
(Excerpt) Read more at reuters.com ...
The One is pleased.
A tornado destroyed ours in April. They opened the new one Sept. 9. Glad we didn’t lose it for good.
Closing 20 out of 1700 stores. That’s like 1% nationwide.
List of stores...
Here is Florida, as I’m sure is true in much of the rest of the country, it seems that Loewe’s and Home Depot are very often close to each other. I suspect that in some markets, there’s not enough volume to support two stores..or that one has an inherent location advantage..i.e. closer to a highway...this is just careful pruning..and good corporate strategy..
Let me guess ... Lowes doesn’t support democrat politicians.
All because Jimmy Johnson hit the wall Saturday night.
The majority are lefty states.
"Let's build fewer together?"
Our town has a Lowes and Home Depot right cross the highway from each other. Lowes is always busy, HD is always mostly empty. Not sure how our HD stays in business.
It looks like the majority of the store closings will affect those in Obama states. So will the 2000 people that lose their jobs understand that Big Ears is largely responsible for their situation? Probably not.
|Los Banos, CA||Biddeford, ME||Old Bridge, NJ|
|Westminster, CA||Ellsworth, ME||Batavia, NY|
|Denver, CO||Ionia, MI||N. Kingstown, RI|
|Aurora, IL||Rogers, MN||Emporia, VA|
|Oswego, IL||Claremont, NH||S. Tacoma, WA|
|Chalmette, LA||Hooksett, NH||Brown Deer, WI|
|Haverhill, MA||Manchester, NH|
One of the sad things is that the small, independent family-owned office supply store that had been operating for years closed its doors as a result of the big box stores.
Tip: to get 10% off your next purchase at Lowe’s, get a change of address packet from the post office. It has a coupon.
The Obama Recovery continues unimpeded.
I shop at Menard’s- I refuse to go where the whole place is signed in two languages.
Thanks for the list.. I was wondering if my local store was in the list....(It’s not)
With the exception of the one store in Louisiana, I would say ALL are lefty states. I wonder why those are closing?/S
During one of the past elections, I could swear somebody posted a list of contributors to Dems and Lowes was a big one.
Sorry I can’t give more details.
I’m surprised that they’re shutting down the store in Chalmette, Louisiana. That area (south-east of New Orleans) got some of the worst damage in Katrina and is still slowly rebuilding. Even six years out, there’s still a big demand for building materials there.
It's the weirdest thing... the local Home Depot added a French language option to the self-service checkout registers. Trying to camoflage the Spanish a bit, that's my guess. Either that, or they anticipate gangs of French day laborers camping in the parking lots...
The stores affected by today’s announcement are located in:
Los Banos, CA
Old Bridge, NJ
N. Kingstown, RI
S. Tacoma, WA
Brown Deer, WI
Well Home Depot is better anyway.
Looks like a list of Blue States, guess Dems don’t do their own home improvement all they know is demolition of the government and our American system. Guess they couldn’t find that at Lowes.
A lot of New England in that list.
Well I know JJ’s crash Saturday affected my fortunes personally. A local developer has been trying to get permits to build a Lowes in Eureka for years but every alphabet agency in Calif is throwing road blocks at the project. Yes, he is a major Republican contributor...
We’re in a recovery.... Can’t you feel it??
I quit shopping at Lowes here in Ohio along time ago. I found all the signs in spanish very annoying. They were everywhere.
Well, most of the closings seem to be in New England, so that is a fair assumption.
They discount 10% to vets. All I had for ID was an old Army hat I wear and the manager came out and made sure I got the discount. He was a young Marine Corps vet looking out for the “old” guys. :-}
Amazing, no closures in Texas.
Do I really need the sarcasm tag?
Before Homo Depo became a pusher of devient lifestyles, I never went to Lowe's.
Yeah, well, if you drop something in Homo Depo, don't bend over to pick it up!
I think the quality of the illegals standing in the hire line are higher at the Slowe’s I go to as opposed to the HomoDespot.
I like Lowes and avoid Homo Depot.>>>>>>>>>>>
The (obviously) gay dude in the HD garden department gave me a $5 discount on a grapefruit tree (Oro Blanco) so I pro-gay this week at least
The difference between Lowes and Home Depot, is that Home Depot is a union shop and Lowes is not. This is also why Lowes is always less expensive than Home Depot.
Not sure about that, but that DEFINITELY are big on overseas outsourcing of their support services (distribution center software especially).
We didn’t need the one here. I’ve been in there once and didn’t find what I was looking for. They only opened it because Home Depot opened their new store. Keeping up with the Joneses is no way to run a business.
I used to work for Lowe’s. They are infested as well.
I got a better idea for everyone on this thread, visit your locally owned hardware or carpet or plumbing or nursery or paint store. I'll guarantee you at least 90% of them are conservative and your money will stay local.
Home Depot and Lowes have the world convinced you get the best price and you don't.
Give your local retailer a chance, that's all we ask.
I lived in So Calif until 1993. Local HD stores were building ‘humanitarian shade shelters’ in the middle of their parking lots so the ILLEGAL day laborers who swarm your car there could have a place to be out of the sun while they were waiting to mob you in the parking lot.
HD lost me permanently with those moves.
Lowe’s other advantage is tht their employees can take your list & go thru out the entire store to help you. AT HD, you get passed from one department worker to another.
I have 3 Lowe’s within 38 miles of me & they are VERY helpful.
I bring a copy of my DD214 every trip to Lowes. I get the 10% discount, and I am thanked for my service!
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