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Lowe's Announces Store Closures

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Forum topic by bruc101 posted 08-24-2018 12:10 AM 605 views 0 times favorited 5 replies Add to Favorites Watch
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bruc101

1377 posts in 4149 days


08-24-2018 12:10 AM

Lowe’s announces store closures as growth remains sluggish.

https://www.yahoo.com/finance/news/lowe-apos-announces-store-closures-165800518.html

The Lowe’s near me has been on the decline for several years now.

-- Bruce Free Plans https://traditionalwoodworking.org


5 replies so far

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Dark_Lightning

3757 posts in 3716 days


#1 posted 08-24-2018 01:44 AM

Yeah, the BORG near me has horrible service, while the LOWE’S seems to be OK. I only shop at the LOWE’S, unless there is something I can’t get there in a reasonable time frame. I hope it remains OK.

-- Steven.......Random Orbital Nailer

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Andybb

2376 posts in 1211 days


#2 posted 08-24-2018 02:27 AM

Wait. I thought Lowes and HD were what everybody calls the Borg. Lowes said their biz was up 4% but HD was up 8-10% so they’re closing stores and cutting inventory for a better return on investment.

Here in Seattle Lowes bought out all of the Eagle Hardware stores about 20 years ago. Biggest difference is that Eagle had multiple vendors for the same product line whereas Lowes has only one. Sad but probably a better business model.

-- Andy - Seattle USA

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Gene Howe

12001 posts in 4036 days


#3 posted 08-24-2018 03:02 AM

BORG…Big Orange Retail Giant. HD

-- Gene 'The true soldier fights not because he hates what is in front of him, but because he loves what is behind him.' G. K. Chesterton

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Woodknack

13017 posts in 2988 days


#4 posted 08-24-2018 03:31 AM

Lowe’s here has an excellent location, at the juncture of two highways, and is always a bustle inside and out. They also have a lot more stuff. HD is in a declining mall location that is more convenient to me, is less busy, but they have less variety. So I go to HD for anything I can to avoid the traffic around Lowe’s.

-- Rick M, http://thewoodknack.blogspot.com/

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MrUnix

7597 posts in 2806 days


#5 posted 08-24-2018 03:31 AM

Wait. I thought Lowes and HD were what everybody calls the Borg. Lowes said their biz was up 4% but HD was up 8-10% so they re closing stores and cutting inventory for a better return on investment.
- Andybb

Originally it was Big Orange Retail Giant referring to Home Depot. Now the term is used pretty much generically for any of the big box stores.

Also, they are closing their Orchard Supply Hardware line of stores (99 stores), not the Lowes branded stores – so those who like their local Lowes have no worries :)

Cheers,
Brad

-- Brad in FL - In Dog I trust... everything else is questionable

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