none of the articles/links list the location of the closed stores-- Then, the game... 
must be afoot!
No, Shylock! The game's... 
being buried!
Posted on 10/17/2011 12:13:01 PM PDT by mandaladon
It's a good thing I heard this on the radio at about 11:00 a.m., because I might otherwise have missed it. With yours truly's opinion along for the ride, I'll let readers judge whether the news of the Lowe's home improvement chain announcing that it will close 20 stores and cut its new store opening plans by one-half to two-thirds deserved to be in the top ten business stories at the Associated Press as of 12:52 p.m.
Lowe's to close 20 stores
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.
The front-page placement issue is important and becoming moreso, as news consumers get more of their news from computers, tablets and smartphones. If the headline doesn't show up on the electronic device (and it probably won't if it's not on the Business front page), users won't know to look for it.
Beyond that, the AP "somehow" decided not to include this pull quote which the Wall Street Journal found obviously newsworthy (the Journal also included the "severely cutting" opening slowdown in its headline):
(Excerpt) Read more at newsbusters.org ...
If ever there were a child of the housing bubble, Lowes is it.
How is Home Depot doing? Home Depot’s ad campaign always makes me want to go buy a can a paint or a shovel or SOMETHING. Lowe’s on the other hand, seems to push it’s big ticket items like appliances. Advertising does matter.
Where I live, Lowes is the only game in town. I’d have to drive 50 miles to another Lowes or home depot. But I suspect they are doing ok since there is still construction going on around here as many folks from the city (like me)seem to be creating their own Galt’s Gulch’s around here.
I’ve given them about three grand in the last two months.
After listening to Rush today, I'm beginning to wonder if our doom is certain? Sorry to be a wet blanket here. I think I need to take a break from the news, FreeRepublic, and anything politics.
I'm beginning to wonder if Rush has been looking for that land in New Zealand yet?
| 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 |
You are absolutely correct. The latest Lowe’s TV ads are PATHETIC. Dancing foolishness.
Primarily because they chose terrible store locations!
I’m in a large growing suburb and the 2 closest to me are each 12 miles away!
I have 2 Home Depot within 5 miles.....
I prefer Lowes because they give me a 10% military/veteran discount on every purchase. I don’t go to Home Depot because of their overt support of gay and lesbian events.
1st I’ve heard about Lowes.
This in an increasing home improvement period as home resales are in a ditch.
How does the CEO explain that?
LLS
Well, its nickname IS Homo Depot.
I prefer Lowes myself. But I’ll do anything to avoid the nasty guy who owns my tiny local hardware store.
none of the articles/links list the location of the closed stores-- Then, the game... must be afoot!
No, Shylock! The game's... being buried!
Mostly BLUE STATES...........
The stores affected by today’s announcement are located in:
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
I thought in ‘obamaland’ that all business would have to remain open and double the employees so the jobless # would go down.
That way, the greedy owners and stockholders will become welfare distributors and we would be in the Utopia we dream of.
The ‘real energetic’ amongst us will have a regular non(high pay)job and a part time no(high pay) job.
So HOW DARE Lowes shut down because it is worried about their bottom line.
Maybe BO will just buy them out and them they can become ‘peoples stores’.
WE ARE DOOMED if this administration isn’t retired immediately.
We call ‘em “muster zones” in my area.
Gee, virtually all Dem strongholds . .
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.
So much for economic prognosticators.
“How is Home Depot doing? Home Depot’s ad campaign always makes me want to go buy a can a paint or a shovel or SOMETHING. Lowe’s on the other hand, seems to push it’s big ticket items like appliances. Advertising does matter.”
I live equidistant between a Lowe’s and a Home Depot. They are very different.
Lowe’s has more frills, more appliances, etc. It’s much closer to a department store. And at this particular Lowe’s the staff is pretty good, and they seem to care that you get what you want.
Home Depot has more stuff for projects. If you want an electrical box, or a fixture, Home Depot will have a better quality and selection. But, the staff at this Home Depot couldn’t give a rat’s patootie if you get what you came for.
All the news that’s not “fit” to print and make Obama look bad.
How deliciously exposed to the world.
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
NONE in Texas!
http://media.lowes.com/article_display.cfm?article_id=3093
Our town has a Home Depot and Menards. From my unscientific observations of crowds Menards blows them away.
I honestly see this as no big deal. Lowe’s is basically closing 1% of their stores.
And these 20 stores aren’t making a profit and they’re a drag on the rest of the company.
“HD is doing well for illegal invaders... “
Don’t know about all that, but the Lowe’s here has signage that is bilingual, with the Spanish being just a wee bit smaller than the English.
None of that nonsense at our local Home Depot, not yet anyway.
Bingo.
And the people on this thread who don’t understand the consequences of being ten years overbuilt...are the same people who insited there was no housing bubble and it wasn’t going to pop three years ago.
Over represented in this list of failure: New England, gee lets elect Mitt.
Under represented: North Dakota to Texas.
Nuff said.
BROWN DEER, WI!
That store has only been open about 3 years. It’s a lovely store, but IMHO is located in the wrong place. It also prominently displays directional signs in Spanish in an area where there are not that many Spanish speaking patrons — a turn off, IMO.
I would spend more money there, except Menards beats them all to heck on prices. Their garden department, however, excells over Menard’s in quality and style.
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.
Kinda surprised they're opening any stores at all!
Brown Deer, WI was killed by a Menards store a couple miles away. A massive store with indoor and outdoor lumber and much lower prices. No surprise.
Great description!!!!!
LLS
Half of the Brown Deer area has been driven out of business by Holder’s people. 15 years ago it was hopping. Now, the mall is closed down (Sears, Boston Store, Younkers), Best Buy is closed, Circuit City is gone, Kohls food, Big Lots, Osco Drug, auto dealers closed.... and dozens of small retailers. It’s pretty amazing how much destruction can be done by assisted and low income housing. My great Aunt and Uncle once lived in the middle of it all their whole lives - now, nothing but decay.
LLS
That store has only been open about 3 years.
The Louisiana location just opened in January, 2010. It doesn't seem like a bad location, with lots of DIY types residing in St. Bernard Parish and the slow, gradual rebuilding from Katrina. I guess the nearby Home Depot was better established, had better prices or did a better job of keeping the shelves stocked.
Primarily because they chose terrible store locations!
****************************************************
They chose the “Burger King” location model ,, BK just puts a store near any McDonalds that does good volume ... Lowes puts their stores across the street from HD.
They pick good locations ...
The Lowes near me is almost always empty ,, I’m surprised it isn’t on the list.
My two cents: heard on CNBC just last week that Home Depot is doing considerably better than LOWES as Home Depot has concentrated on the “retail” fixer-upper as opposed to the “contractor” window. From AP today: “shares of Lowe’s have been underperforming its rival, The Home Depot since mid-April. Year-to-date, shares of The Home Depot are down about 1%, while Lowe’s is down nearly 17%”.
On the other hand, closing 20 stores outa 1700 isn’t a whole lot indicative of much of anything to me other than they’re identifying underperforming markets and are playing catch up to HD. Interesting side note: they both pay a near 3% dividend.
Here, Lowe’s hires many Croatians/Romanians who can’t even speak English. Hard to believe when so many Americans need work, but the argument is that they can’t fill the jobs with American citizens. Sad.
.
Home depot is doing great with then homosexuals considering that homo depot goes and gives money to their agenda, has stalls at their freak parades and goes to the homosexual job fairs.
Yea Homo depot, the place where homosexuals get their money to further their agenda like teaching homosexuality in schools to little 5 year olds.
Sorry but my money does not go to there anymore.
http://action.afa.net/item.aspx?id=2147496231
I'm not a fan of these big-box franchise stores. Everywhere I see Home Depot, I can find a Lowe's nearby. The same goes for Dollar General and the Dollar Store, McDonald's and BK, Church's and KFC, etc, etc, etc. It's the epitome of over-development.
Exactly. I was stunned to learn that Lowes has over 1700 stores. I work in the marketing department in the home office of a retailer and we're constantly adjusting our store count, closing underperforming locations and opening new ones. A press release history on Lowes' website says that they're opening a store a week, and it sounds like they fell into one of the classic retail problems: over-expansion.
you ever see the homo depot AD’s
Nah I bet you won’t because they don’t want you to see where your money goes.
http://action.afa.net/item.aspx?id=2147496231
enjoy these sick AD’s and now you can never wonder where your money goes when you spend it in homo depot
I was thinking the same thing. Mostly the North east, the ones with the First Primary.
homo depot
http://action.afa.net/item.aspx?id=2147496231
where no true conservative or republican will give their money after they have made fun and fired Christians, appease illegals and now support with your money the homosexual parades, floats
\funny hey how they’re proud sponsors of the queers and yet they will not show the public where their customers money goes to .
I drive an extra 30 miles to to got Lowes just so I won’t spend my money in that liberal pro homo, pro illegal hell hole where the staff on the whole are on par with the best buy staff
don’
t listen to most of them or watch them now because they’re cowards on conservative social issues.
With out a traditional family which has been the back bone of this country then all the country breaks down.
These pundits are happy to take money like Hannity but will not speak up on half of the conservative movement or views
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