Lowe's Store Closings With 1,950 Job Losses Not Worthy

NewsBusters ^ | 17 Oct 2011 | Tom Blumer

[Neoliberalnot]

I do most of my hardware business at Lowes. I quite going to Home Depot after they became Homo Depot by sponsoring numerous “Gay” pride deviant parades.

[proudpapa]

Lowes’s is basically giving up on 5 markets and they’ll probably see a boost in sales at some of their neighboring stores...

Los Banos, CA —None within 20 miles.
Biddeford, ME —Three within 15 miles.
Old Bridge, NJ —Five within 12 miles.
Westminster, CA —Five within 10 miles.
Ellsworth, ME —Two within 20 miles.
Batavia, NY —None within 20 miles.
Denver, CO —Five within 10 miles.
Ionia, MI —None within 20 miles.
N. Kingstown, RI —None within 18 miles.
Aurora, IL —Three within 10 miles.
Rogers, MN —Four within 15 miles.
Emporia, VA —None within 20 miles.
Oswego, IL —Three within 15 miles.
Claremont, NH —None within 30 miles.
S. Tacoma, WA —Three within 10 miles.
Chalmette, LA —Five within 10 miles.
Hooksett, NH —Two within 10 miles.
Brown Deer, WI —One within 10 miles.
Haverhill, MA —Two within 12 miles.
Manchester, NH —One within 5 miles.

[SunTzuWu]

You may recall when the bubble burst three years ago, we had so-called economists predicting good times for the home improvement business, as many homeowners (that is, the ones not going through foreclosure proceedings) would be stuck where they were and would be more likely to add a room, remodel the kitchen, etc., instead of moving to a new and larger home.

I'm a Contractor, and that's exactly what they are doing. Our business has shifted from 95% new construction : 5% everything else to the exact opposite. I've done three new houses this year. Everything else has been remodel, repair or additions. I work and live near three Lowe's and they are always busy with both home owners and tradesmen. Lots of illegals are moving away because the cash is drying up and you can't be paid under the table if the bossman has no cash. Even sure bets suffer in the obama economy.

[ex-snook]

And to think we have the lowest taxes in 50 years.

[LibLieSlayer]

It is sad.

LLS

[CONSERVE]

Lowes model was to drive out Home Depot so yes they built the stores in areas close to HD. They also tend to try and build wherever a Walmart goes up. They did not build in the Wisconsin and Minn areas until recently when Menards started moving into territory that Lowes was the leader in.

[mikeIII]

Until now, yes.

I just caught one of their new ads that walks thru an entire house with exploded-views of door locks, switches, appliances, frameworks, etc., which was pretty good!