Free Republic
Browse · Search
News/Activism
Topics · Post Article

""Today we have a clearer view of the long-term economic recovery and decided to close these 20 stores,".......The economy won't get better until Zero is removed from office.
1 posted on 10/17/2011 12:13:07 PM PDT by mandaladon
[ Post Reply | Private Reply | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-22 next last
To: mandaladon

If ever there were a child of the housing bubble, Lowes is it.


2 posted on 10/17/2011 12:14:55 PM PDT by the invisib1e hand (...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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.


3 posted on 10/17/2011 12:16:32 PM PDT by nagdt ("None of my EX's live in Texas")
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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.


4 posted on 10/17/2011 12:17:43 PM PDT by cuban leaf (Were doomed! Details at eleven.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
I'm getting to the point where I just cannot take anymore bad news concerning the willful destruction of our nation.

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?

5 posted on 10/17/2011 12:19:41 PM PDT by Artcore
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
The stores affected by today's announcement are located in:
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

6 posted on 10/17/2011 12:20:23 PM PDT by deport
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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.....


8 posted on 10/17/2011 12:22:03 PM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

1st I’ve heard about Lowes.


10 posted on 10/17/2011 12:23:37 PM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

This in an increasing home improvement period as home resales are in a ditch.

How does the CEO explain that?


11 posted on 10/17/2011 12:24:12 PM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon; Allegra; big'ol_freeper; Lil'freeper; TrueKnightGalahad; blackie; Cincinatus' Wife; ...
Hummmmmmmmmmmmm??? Funny... 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!

14 posted on 10/17/2011 12:27:22 PM PDT by Bender2 ("I've got a twisted sense of humor, and everything amuses me." RAH Beyond this Horizon)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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.


20 posted on 10/17/2011 12:30:54 PM PDT by logician2u
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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


22 posted on 10/17/2011 12:32:27 PM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

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.


24 posted on 10/17/2011 12:34:14 PM PDT by proudpapa (Cain-West - 2012)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
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.

Kinda surprised they're opening any stores at all!

32 posted on 10/17/2011 12:45:27 PM PDT by Alex Murphy (http://www.freerepublic.com/focus/religion/2703506/posts?page=518#518)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
I thought the Lowe's headquarters was in Wilkesboro, NC—where Mr. Obama is today. Funny that this major news has been so soft-pedaled in NC.
35 posted on 10/17/2011 12:57:01 PM PDT by July4 (Remember the price paid for your freedom.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
Complete list of the Lowe’s stores that are closing.
41 posted on 10/17/2011 1:01:53 PM PDT by preacher (Communism has only killed 100 million people: Let's give it another chance!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
I tend to patronize Lowe's more often than HD only because my neighbor works at Lowes. OTT, I see them as the same store, same stuff, with a different color theme.

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.

45 posted on 10/17/2011 1:09:34 PM PDT by Sarajevo (Is it true that cannibals don't eat clowns because they taste funny?)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

Obama’s depression.

I am really sorry about this. I want a recovery as soon as possible.


52 posted on 10/17/2011 1:24:40 PM PDT by FreeAtlanta (Fight for Liberty)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

10 bad stores out of 1,950? That is very good record on demographic studies for placing their stores.


53 posted on 10/17/2011 1:34:30 PM PDT by Raycpa
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon

In my area Lowes is better than HD.


56 posted on 10/17/2011 1:41:38 PM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: mandaladon
Lowe's has also restructured and consolidated districts and regions with layoffs at the upper salaried manager levels. Within the last month about 8 regional managers have been let go by the company along with a number of operational managers, loss prevention managers, installed sales managers, etc.

On the sales floor, staffing is cut to the bare bones, putting more and more work onto fewer and fewer employees. The stress is felt at all levels. Store managers and ASMs who used to be nice people are uptight and snippy. People who can't take it are quitting making the situation even more stressful in the stores. For the rest who are left .... well, the hamster can only churn his wheel so fast. Ya know?

60 posted on 10/17/2011 2:14:36 PM PDT by YankeeinOkieville (Obamanation [oh-bom-uh-nay-shuhn] n. -- ignorance and arrogance in the highest offices)
[ Post Reply | Private Reply | To 1 | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-22 next last

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson