Lowe's is closing 51 stores the states and Canada!

[imanamerican63]

Are you tired of "winning" yet? According the news release, they claimed that home improvements are down and the cost is overwhelming their bottom line.

[Aristus]

1. The wealthy can afford home and home improvements.

But that's not enough to sustain a hardware store. Not when fewer and fewer middle and working class families can affords homes or home improvement...

[brush]

4. Here we go. It's sounding like 2007 again. Leave it to the repugs.

Every time they get in a recession is not far behind.

[Greybnk48]

6. Ugh! They don't advertise as much as the Republican stores,

Menard's and Home Depot and out of sight out of mind.

Lowe's is a much nicer, cleaner, well organized store than either of them, but I forget about them because they're not running an inane jingle on t.v. every hour or two.

We try to support them because Lowe's is blue too!

[kimbutgar]

2. But the economy is the strongest ever!!! Why are stores closing????

[former9thward]

39. The same reason brick and mortar stores everywhere are closing.

People use the internet.

[SCRUBDASHRUB]

3. Man, that stinks. I won't shop at Home Depot, and there's a Lowe's that's very convenient to us.

We just bought a washing machine to replace the one we got from them 11 years ago. The customer service is excellent. They hauled away the old one and installed the new one. We also bought our dishwasher there as well as the dryer about 8 years ago.

[MineralMan]

5. Well, since there are almost 2400 Lowe's stores,

that's a pretty small number to shut down. Apparently the ones they're closing aren't performing as expected. There could be lots of reasons for that.

I doubt this will affect people's available choices for home improvement and other related products, somehow. There are at least 10 Lowe's stores within a half hour drive from my home.

[Greybnk48]

7. Good! I don't want the only "blue" hardware to close.

I think the one in our town is doing fine.

[jcgoldie]

8. It does if its your local store

They are shutting 3 within 40 miles of me, but thankfully not the closest one. I shop at Lowe's quite frequently. I like to use the local farm store for most things, but they don't have lumber, and I will not spend a dime at Home Depot. Someone gave me a gift card to HD last year and I gave it away since it had already been paid for but I refuse to darken their entrance.

[MineralMan]

13. I don't really have a "local" Lowe's store.

There are a number of them not far from me, though. So, if I need something I check to see where it's in stock. A couple of years ago, I needed a new snowblower. I watched the sales at all of the major outlets, until I saw a very good price at Lowe's. So, I checked stock online and went to the closest store that had that loss-leader-priced unit in stock. I went on the first day of the sale so that price would stick, since they usually run out of the teaser model quickly.

There it was. I arranged set-up and delivery and it was in my garage the next morning. I can access about 10 Lowe's stores within a half hour drive from my home, so losing one here or there won't affect me at all.

What I'm saying is that closing 51 stores out of 2400 is not a major deal. Odds are, every one of them is in an area where there are others close-by.

[Hermit-The-Prog]

42. greedy gus

There are 2 within an hour's drive of me. You're being too greedy; share the stores!

[samnsara]

9. nooooooooo....hubby went here 8 times in one day..

...working on a project.

[samnsara]

12. whew ours not on list..

...hubby can keep living there.

[packman]

15. Hah, that's funny and , oh, so true

"Just need some nails, be right back"- "Damnit, forgot the glue, be right back" - "I thought we had some 14/2 wire around here, be right back", etc., etc.

[Hortensis]

10. None in GA or FL. By far most so far are in Canada.

List: https://newsroom.lowes.com/inside-lowes/lowes-store-closures-2018/

[csziggy]

11. List of Lowe's stores that are closing

https://newsroom.lowes.com/inside-lowes/lowes-store-closures-2018/

Looks like a lot are in Canada!

[Zing Zing Zingbah]

22. None in my state, Maine

That's good at least.

[ProfessorGAC]

35. Two In IL

One, i'm not surprised to see. Granite City is a pretty depressed area these days and people likely can't afford to be doing home improvements other than the things to keep the house livable.

The store closing in Gurnee is a surprise as that's a fairly affluent area.

[Coventina]

43. *whew* Mine is not on the list.

[Achilleaze]

14. "I accept full responsibility for this colossal republican FAIL. Not." - Dirty Donny* (R)

* aka republican Draft-Dodger-in-Chief

[c-rational]

16. Not surprised, I do not see the economy doing well for the majority of Americans. I live in NYC.

A good friend who lives in Florida and does landscaping tells me of more and more of clients who cannot afford the $80 per month grass cutting. I know this is only anecdotal evidence but the feel is real. We as a nation have never fully recovered from the 08 meltdown.

[Blue_true]

21. I live in Florida.

I remarked to one of my brothers how people, even some business people, seem to be living hand to mouth. He has his ears to the ground, he readily agreed.

[workinclasszero]

17. Trump crash coming right up

This time with tariffs!

[Brother Buzz]

18. In other news: Lowe's to end NASCAR sponsorship

Jimmie Johnson's #48 billboard is back on the market

https://www.usatoday.com/story/sports/nascar/2018/03/14/lowes-to-end-sponsorship-of-7-time-nascar-champion-johnson/32936917/

Interesting to note: Home Depot pulled the plug on NASCAR in 2014.

[imanamerican63]

19. Well, Jimmie has not been "Jimmie" for a few years!

The same went for Tony Stewart.

[Brother Buzz]

24. Home depot pulled the plug on Tony Stewart and he retired....

Lowe's pulls the plug on Jimmy and....

[imanamerican63]

27. Yes, but it was the costs that Home Depot stopped funding Stewart-Has & just like all other in the past.

[Bengus81]

25. Pretty soon NASCAR is going to be doing bumper cars to attract a crowd.........

Nearly DEAD sport.........

[A HERETIC I AM]

33. Very often one of the first advertising budget items to go.

Motorsports sponsorships.

[Zing Zing Zingbah]

20. Must be because my husband didn't do any home improvements this year. LOL!

In past years we have bought a ton from Lowe's or Home Depot, but we didn't do any home improvements this year. First time it wasn't needed in years. It's a nice change of pace.

[Bengus81]

23. But...but...this is a BOOMING economy!! Oh and skip the "internet is killing them" BS.........

Doubt that anyone is buying deck lumber on Amazon and having it shipped. As I've said over and over,this Trump "boom" is smoke and mirrors Wall St. nonsense and this is more proof of it.

[former9thward]

40. Most of the stores closing are in Canada.

So if it is related to the economy it is the Canadian economy.

[Bengus81]

41. 31 in Canada and 20 closing in the US

Bottom line is in this BOOMING economy why would ANY close in the US,especially with a 14% tax cut for Lowes?

[former9thward]

44. It is called the internet.

The thing you are using to post your comments. It is killing brick and mortar stores all over the place.

[MontanaMama]

26. I'm sorry to hear folks will lose their jobs.

However, I avoid Lowe’s and HD whenever possible. They’re so big...I can’t get help when I need it. I go to the locally owned Ace...they have what I need most of the time, the clerks are knowledgeable, helpful and have been there forever...I can get in and out quickly. They also maintain lawn mowers and snowblowers at a great price.

[Golden Raisin]

28. By chance, just walked past my local (Manhattan)

Last edited Mon Nov 5, 2018, 01:52 PM - Edit history (1)

Lowes store which is now suddenly closed. Customers milling around perplexed/shocked on the street trying to read the tiny crappy sign on the front door. Delivery men with large wooden pallets of big boxes and other "stuff" obviously trying to deliver INTO Lowes milling around by the front and side entrances on their phones trying to find out what the hell they should do. Talk about folding your tent and slinking off secretly into the night. Sheesh! It was open yesterday!

[INdemo]

29. Execs are bailing and taking their $$$ with them

don't hear that Menards is on the ropes.
I could see this with Home Depot...

[A HERETIC I AM]

34. Menards is an apple to these oranges.

Menard's has 305 stores in 14 states.

Lowes has almost 2400 and Home Depot has over 2200 stores in all 50 states, Canada and overseas.

Menards is a piker compared to those two.

[INdemo]

37. Wow didnt realize they were that small

For what I shop for I usually get a better deal at Menards

I'm still disappointed that Sears is basically gone...

[The Genealogist]

30. None closing in my area

I'm a bit surprised. We have gotten two new Menards in the last few months. I was past one last Friday, and it was packed. Gotta be cutting into Lowe's two stores' business.

[Initech]

31. How much is Lowe's CEO going to make off of this?

[exboyfil]

32. Here we have three large stores within a mile of one another

and a fourth (the second Mennards) near my house about ten miles away from the other three. They did a big expensive expansion on the Waterloo store 10 or so years ago when the other two stores went in (Home Depot and Lowes). I thought they would have been better off moving immediately to Cedar Falls and closing the Waterloo store.

[TexasBushwhacker]

36. Only 20 in the US. 31 in Canada. Most are within 10 miles of another Lowes

https://www.cnn.com/2018/11/05/business/lowes-closures/index.html

One has to question the wisdom of opening stores so close together in the first place. We have 16 in the Houston area, compared to Home Depot's 11, and none are being closed.

[Blue_Tires]

38. Jesus...