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Which Stores Did Lowes Close?

October 17, 2011 by staff 

Which Stores Did Lowes Close?Which Stores Did Lowes Close?, Home-improvement retailer Lowe’s Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations.
Ten locations were closed Sunday; the other 10 will close in a month.
Before the closures Lowe’s operated 1,725 stores.

Lowe’s, based in Mooresville, N.C., also says it will only open 10 to 15 stores in North America annually beginning in 2012. Previously the company expected to open 30 stores per year. It will open 25 stores this year.

Lowe’s says the moves will cost it 17 cents to 20 cents per share in 2011.

In August, Lowe’s said volatile weather and shoppers’ worries about the economy hurt demand. Its net income was nearly flat in the second quarter and the company lowered its yearly sales forecast.

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Comments

One Response to “Which Stores Did Lowes Close?”

  1. Brad8888 on October 17th, 2011 3:12 pm

    For those looking for an actual answer as I was:

    The stores affected by today’s announcement are located in:

    Los Banos, CA
    Westminster, CA
    Denver, CO
    Aurora, IL
    Oswego, IL
    Chalmette, LA
    Haverhill, MA
    Biddeford, ME
    Ellsworth, ME
    Ionia, MI
    Rogers, MN
    Claremont, NH
    Hooksett, NH
    Manchester, NH
    Old Bridge, NJ
    Batavia, NY
    N. Kingstown, RI
    Emporia, VA
    S. Tacoma, WA
    Brown Deer, WI

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