Author Topic: Lowe’s to Close Underperforming Stores  (Read 248 times)

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24764
  • Gender: Male
  • WYSIWYG
Lowe’s to Close Underperforming Stores
« on: November 05, 2018, 06:15:57 PM »
Smart move. 


snip~
›   Close 20 U.S. stores. Most associates at these stores will be extended opportunities to transition to a similar role at a nearby Lowe’s store. The majority of impacted stores are located within 10 miles of another Lowe’s store.
›   Close 31 Canadian stores and other locations.


more @
https://newsroom.lowes.com/news-releases/lowes-to-close-underperforming-stores-2018/

List of Lowe’s store closures

https://newsroom.lowes.com/inside-lowes/lowes-store-closures-2018/
« Last Edit: November 05, 2018, 06:21:06 PM by walkstall »
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline supsalemgr

  • Hero Member
  • *****
  • Posts: 12198
  • Gender: Male
Re: Lowe’s to Close Underperforming Stores
« Reply #1 on: November 06, 2018, 04:36:21 AM »
This is a routine business decision. It is management and board's fiscal responsibility make decisions that benefit the corporation. Demographics and market conditions change.
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

  • Hero Member
  • *****
  • Posts: 62869
  • Gender: Male
Re: Lowe’s to Close Underperforming Stores
« Reply #2 on: November 06, 2018, 06:21:51 AM »
I'd venture to say the initial decision to build multiple stores, was an effort to dissuade Home Despot from entering an area.
Now that they've secured a loyal customer base over that of Despot whom supports the so called "LGQPTetc", leftist movement, they feel confident in closing these multiple outlets. Just my opinion.
#WWG1WGA

 

Powered by EzPortal