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-   -   Lowe's to Close 20 Stores (https://greekchat.com/gcforums/showthread.php?t=122557)

DrPhil 10-17-2011 11:48 AM

Lowe's to Close 20 Stores
 
SAVE LOWE'S! SAVE LOWE'S! SAVE LOWE'S! SAVE LOWE'S!


Quote:

Originally Posted by article
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.

Lowe's says the moves will cost it 17 cents to 20 cents per share in 2011.

http://www.msnbc.msn.com/id/44928593/

knight_shadow 10-17-2011 11:55 AM

I wonder why this was news. It's sad when folks lose their jobs, but I wouldn't think closing 1% of your stores (underperforming ones, at that) would be breaking news.

33girl 10-17-2011 11:58 AM

Quote:

Originally Posted by knight_shadow (Post 2100595)
I wonder why this was news. It's sad when folks lose their jobs, but I wouldn't think closing 1% of your stores (underperforming ones, at that) would be breaking news.

I really hate news stories like this. The news services know that using a recognizable name (like Lowe's) will freak people out and get them all to read the story - even if, as you said, it's only a teeny percentage of stores.

Mevara 10-17-2011 12:19 PM

It doesn't even say which stores are closing.

I know in my area they have way too many Home Depots and Lowes for a newly developed city. I wonder if one of these is on the list to be closed.

AlphaFrog 10-17-2011 12:25 PM

I saw this story at the Chicago Trib. site...one of the comments was that the person did not shop there because Lowes has all their signage in both English and Spanish and their community isn't Hispanic enough for that to be necessary, therefore Lowes doesn't research and cater to the local community so that's why that person shops at Home Depot instead.

What a moron.

summer_gphib 10-17-2011 12:46 PM

The list of stores to close can be found here.

DeltaBetaBaby 10-17-2011 12:51 PM

Quote:

Originally Posted by AlphaFrog (Post 2100606)
I saw this story at the Chicago Trib. site...one of the comments was that the person did not shop there because Lowes has all their signage in both English and Spanish and their community isn't Hispanic enough for that to be necessary, therefore Lowes doesn't research and cater to the local community so that's why that person shops at Home Depot instead.

What a moron.

I would like to assure that moron that most of the contractors in his area are indeed Hispanic.

Mevara 10-17-2011 01:29 PM

Quote:

Originally Posted by summer_gphib (Post 2100611)

Thanks, one is indeed in my area but not the one I thought would close.

Munchkin03 10-17-2011 01:39 PM

They're getting 60-90 days of severance and outplacement assistance, which is pretty good for low to moderate-skilled retail jobs.

DrPhil 10-17-2011 03:53 PM

As for why this is news, it is important to stay informed about the local, national, and international economies. Never wait for shit to hit the fan before you smell the shit.

knight_shadow 10-17-2011 04:00 PM

Quote:

Originally Posted by DrPhil (Post 2100650)
As for why this is news, it is important to stay informed about the local, national, and international economies. Never wait for shit to hit the fan before you smell the shit.

It's important in the cities affected, but the closures will have such a small impact (relatively speaking) that it doesn't seem "national news-worthy."

DrPhil 10-17-2011 05:15 PM

Quote:

Originally Posted by knight_shadow (Post 2100653)
It's important in the cities affected, but the closures will have such a small impact (relatively speaking) that it doesn't seem "national news-worthy."

How do you know? They are closing stores and opening stores.

And even being important in the cities affected is substantial and news worthy enough.

Consumers, including those who are Occupying Something, always complain about being uninformed and "the secrets of capitalism." Then when these types of news stories come up, some people are like "why are we being told this?" You can't have it both ways, folks. Simply ignore the stuff that you don't want to hear or read about. I'm glad that this information is being shared with the national and international public because we can never claim that Lowe's did not keep the consumers aware of some things.

knight_shadow 10-17-2011 05:26 PM

Quote:

Originally Posted by DrPhil (Post 2100665)
And even being important in the cities affected is substantial and news worthy enough.

News-worthy, yes. National news-worthy, not so much.

If it was in the Aurora Times-Gazette, fine. But being on MSNBC seemed a little off to me.

*winter* 10-17-2011 05:40 PM

Quote:

Originally Posted by AlphaFrog (Post 2100606)
I saw this story at the Chicago Trib. site...one of the comments was that the person did not shop there because Lowes has all their signage in both English and Spanish and their community isn't Hispanic enough for that to be necessary, therefore Lowes doesn't research and cater to the local community so that's why that person shops at Home Depot instead.

What a moron.

OMG I had a guy like that at my work, he has since retired, but he was all proud that he "walked right out" because of the signs. Who cares? Heck, in certain parts of the country the store signs are in Spanish only (Not necessairly at Lowe's but at local stores)

DrPhil 10-17-2011 05:42 PM

Quote:

Originally Posted by knight_shadow (Post 2100668)
News-worthy, yes. National news-worthy, not so much.

If it was in the Aurora Times-Gazette, fine. But being on MSNBC seemed a little off to me.

Uh...okay....

http://news.yahoo.com/lowes-closes-s...123721596.html

http://www.chicagotribune.com/busine...0,350882.story

Sadfly 10-17-2011 06:19 PM

Maybe they are just generic signs that Lowe's can use for any occasion.

Same for drive-up ATMs that have Braille on them.;)

Mevara 10-17-2011 07:38 PM

Quote:

Originally Posted by *winter* (Post 2100674)
OMG I had a guy like that at my work, he has since retired, but he was all proud that he "walked right out" because of the signs. Who cares? Heck, in certain parts of the country the store signs are in Spanish only (Not necessairly at Lowe's but at local stores)

Areas around me have it completely in Vietnamese or another Asian Language.

PiKA2001 10-17-2011 08:01 PM

Quote:

Originally Posted by Mevara (Post 2100713)
Areas around me have it completely in Vietnamese or another Asian Language.

Where do you live?

honeychile 10-17-2011 09:30 PM

Quote:

Originally Posted by Sadfly (Post 2100690)
Maybe they are just generic signs that Lowe's can use for any occasion.

Same for drive-up ATMs that have Braille on them.;)

I find those so awesome, but I can have a very sick sense of humor!

*winter* 10-18-2011 06:31 AM

@Honeychile, that's kind of like the signs in restaurants that say "we have menus available in Braille." Well, if you are alone, ya have to be able to see to read the sign...:rolleyes:

Yeah, I agree that the signs in Lowe's are standard, but some people get so irritated that we might, in any way, be "catering" to people who are "too lazy to learn the language."

Personally I like Lowe's and hope ours isn't on "the list"...they are the only one around here, but there are so many in the suburban areas. It's not suprising to see some of them closing, particularly since the housing boom is so over.

Usually they will do a Wal Mart and Lowe's in the same plaza...In the neighboring county, there's literally a Wal-Mart every 5 miles or less for a 25 mile stretch. Insane.

10% of Lowe's closing isn't a "big deal"...but when they start closing Wal-Marts, that will officially signal the coming of the Apocylapse. :eek: Be preapred, and remember you heard it here first. :cool:

DubaiSis 10-18-2011 08:45 AM

Signs where I live are in English and Arabic. I'm surprised I almost never see signs in Hindi, Urdu or Tagalog, spoken FAR more commonly here than either Arabic or English.

And many MANY of us our counting the days until the rumored Target opens up here. Forget about a Home Depot or Lowe's type store. But then, DIY isn't really a thing here.

summer_gphib 10-18-2011 09:35 AM

I love Lowe's simply because they let me walk my dog around in there. Or I should say, they let me wheel him around in his wagon. It helps lift his spirits to fight the cancer to get him out and about. And I love the people who remember us, and ask about him, even when we don't have him with us. When it's too hot to walk outside in the summer, we love to just wheel him around Petsmart, Petco, and Lowe's! :)

Mevara 10-18-2011 11:48 AM

Quote:

Originally Posted by PiKA2001 (Post 2100721)
Where do you live?

So Cal... we have a few cities that are heavily populated by the Asian community.

Mevara 10-18-2011 11:49 AM

Quote:

Originally Posted by summer_gphib (Post 2100804)
I love Lowe's simply because they let me walk my dog around in there. Or I should say, they let me wheel him around in his wagon. It helps lift his spirits to fight the cancer to get him out and about. And I love the people who remember us, and ask about him, even when we don't have him with us. When it's too hot to walk outside in the summer, we love to just wheel him around Petsmart, Petco, and Lowe's! :)

Home Depot will also allow you bring dogs in. You can add that to your list of Dog friendly stores.

Mevara 10-18-2011 11:53 AM

Quote:

Originally Posted by *winter* (Post 2100793)
Usually they will do a Wal Mart and Lowe's in the same plaza...In the neighboring county, there's literally a Wal-Mart every 5 miles or less for a 25 mile stretch. Insane.

I can beat that with Target in our area. There is 4 Targets in less than a 7 mile radius and no Wal-Marts for miles.


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