3,350,439
It is possible that all those employees will get their real estate license. After all, we all know how easy real estate is - right?
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Carol Williams
Wenatchee, WA
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Kat Palmiotti
Kalispell, MT
-
Lynnea Miller
Bend, OR
-
Jeff Pearl
Lovettsville, VA
-
John Juarez
Fremont, CA
-
Mary Yonkers
Erie, PA
-
Chuck Willman
Alpine, UT
-
Fred Griffin Florida R...
Tallahassee, FL
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Peter Testa
Danbury, CT
-
Kathleen Daniels, Prob...
San Jose, CA
482,547
I heard all the closing stores are "within 10 miles of another Lowe's location and most employees are expected to be offered jobs at a nearby store". Considering there is almost always a Home Depot nearby a Lowe's, previous poor planning and likely due to over-saturation on their part...
Bruce
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Nina Hollander, Broker
Charlotte, NC
-
Inna Ivchenko
Encino, CA
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
-
Lynnea Miller
Bend, OR
-
John Juarez
Fremont, CA
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Chuck Willman
Alpine, UT
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Ron and Alexandra Seigel
Carpinteria, CA
1,506,773
I don't see that as a big deal. 51 stores is not much, they have 7 in my area and are building another!
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Nina Hollander, Broker
Charlotte, NC
-
Inna Ivchenko
Encino, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Lyn Sims
Schaumburg, IL
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Chuck Willman
Alpine, UT
-
Kathleen Daniels, Prob...
San Jose, CA
2,684,769
They overbuilt; they are making a correction.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
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Mary Yonkers
Erie, PA
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Chuck Willman
Alpine, UT
759,785
That's too bad that the company is not doing well. In Danbury we have a Lowes & a Home Depot & both seem to be booming with business.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
-
Mary Yonkers
Erie, PA
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Chuck Willman
Alpine, UT
509,449
They are closing only a store in Texas, I guess we are doing really well.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Chuck Willman
Alpine, UT
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Susie Kay
Plano, TX
1,598,452
Sad news for people who workd there.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
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Chuck Willman
Alpine, UT
704,449
I find it interesting, as it seems more and more people are staying put and doing home improvements. Strange business call as far as I'm concerned, but I don't have a look at their books either.
-
Chuck Willman
Alpine, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
2,458,648
I interpret this news as just another large company that needs to readjust their plan to address market realities.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Chuck Willman
Alpine, UT
716,891
It is a business decision which should enable them to be more streamlined. Every business should make their decisions based on what makes the most sense for profits.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Chuck Willman
Alpine, UT
2,071,025
Yes, that is sad.
A lot of people will look for job.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Chuck Willman
Alpine, UT
1,231,853
Maybe the economy in those areas are not as strong as other areas.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
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Chuck Willman
Alpine, UT
291,307
Good Business Practice, same as Real Estate Brokerages, i see them close same as closing a lowes or a kmart...
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
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Candice A. Donofrio
Fort Mohave, AZ
5,257,589
I'm so sad - their HQs are local and we much prefer them to their competition.
Consider 1 store per state and 1 in DC and it doesn't seem that big of a deal though.
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Chuck Willman
Alpine, UT
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John Pusa
Glendale, CA
3,168,134
Alabama and Texas surprise me. I am not really suprised about any others on the list in the US and I don't know enough about Canda, regulations, taxes there to have an informed opinion. But I get that businesses have to make those decisions sometimes.
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Debe Maxwell, CRS
Charlotte, NC
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Chuck Willman
Alpine, UT
2,222,275
Sad to hear.
-
Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
6,423,496
Hope our town is not on that list.
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Debe Maxwell, CRS
Charlotte, NC
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Chuck Willman
Alpine, UT
5,244,251
Too many stores and heavy competition.
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
420,003
Retail is shrinking. Hey I bought a wood splitter on line because Lowes didn't have anyone who could answer a question about them. Store clerk said,"why would you need that?"
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Debe Maxwell, CRS
Charlotte, NC
-
Chuck Willman
Alpine, UT
5,583,328
I'd be concerned if Home Depot was in that position!!!!
-
Debe Maxwell, CRS
Charlotte, NC
-
Chuck Willman
Alpine, UT
913,958
Too many stores. Hopefully most can transfer and keep their job if they want it.
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Debe Maxwell, CRS
Charlotte, NC
-
Chuck Willman
Alpine, UT
7,869,891
1,325,749
Lowe's owns Orchard Supply, a California based operation. Orchard Supply is being shut down by Lowe's. There are also Lowe's stores in our area. The market is not big enough for both operations to be profitable enough, I guess.
Many retail models are adversely impacted in today's Amazon world.
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Debe Maxwell, CRS
Charlotte, NC
-
Chuck Willman
Alpine, UT
1,513,143
As the shelves are constantly low, it is surprising the one here is not closing!
Oh and I shop at the ACE farther from my home!
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
5,772,693
Chuck,
It is hard to have an opinion on this subject. Whatever their reasons for closing, I would guess it has to do with lack of profitability in those 51 stores. That is a bold move when I think of it from a commercial real estate perspective. These stores have long term leases, and they probably are negotiating a buy out. A
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Candice A. Donofrio
Fort Mohave, AZ
-
Chuck Willman
Alpine, UT
4,583,784
The world of retailing is changing. Again. Still. Always.
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Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
348,073
Here are the stores
https://newsroom.lowes.com/inside-lowes/lowes-store-closures-2018/
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Chuck Willman
Alpine, UT
5,879,125
Wow, had not heard this, but do not see any stores in CO that will close.
-
Chuck Willman
Alpine, UT
2,189,772
It looks like over half, 27 of the 51 are in Canada. Not that big of a hit in the U.S.
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Chuck Willman
Alpine, UT
5,115,873
It's a necessary business decision that large corporation make every day. We can ask the same of Sears' closing, etc.
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Chuck Willman
Alpine, UT
4,800,132
I see it as a potential downturn for the economy soon.
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Chuck Willman
Alpine, UT
2,246,135
Local hardware stores have to work harder to compete with big box building outlets. We have two local ones with a Lowes still open for business 39 miles up the road. Jobs of any kind lost impact the local economy.
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Chuck Willman
Alpine, UT
1,625,153
And not just them... online sales are getting a lot of businesses out of business. As they say: adjust or die...
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Chuck Willman
Alpine, UT
4,180,864
Chuck Willman UtahHomes.me not a good news.
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Debe Maxwell, CRS
Charlotte, NC
902,388
Competition (home depot) and online purchases.
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Chuck Willman
Alpine, UT
1,847,621
They closed a bunch in my area years ago & they gave no notice to any of their employees. Just locked them out of a closed store. Don't do business with them anymore.
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Debe Maxwell, CRS
Charlotte, NC
921,504
How do I interpret this?
Lowe's has done a poor job marketing the benefits they offer OVER the Depot. Even ACE is doing a better job.
They should, need to, show images of citizens in long check out queues and assure the citizen, "We don't do that at LOWE's!"
The high end grocery chains have maintained their great profit margins by paying attention to the checkout lines.
As a real estate professional, that LOWES 10% discount card we could offer was of marketing value, but no longer.
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Debe Maxwell, CRS
Charlotte, NC
3,988,013
I have not heard that. Our local Lowes stores are always busy and do not see them closing. Maybe fewer people are doing home projects.
4,966,091
3,986,308
Well, after dealing with them for some time I can see why this is happening.
4,434,177
1,712,876