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 ...
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
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
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. :-}
No way.
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.
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