*NEWS* Lowe’s Closing 20 stores and 1,950 Employees Lose Their Jobs

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Looks like Lowe’s could be in trouble 🙁

Simply put Lowe’s is closing 20 stores – the store affected are listed below. Reason being – people are simply not buying as much home improvement goods. Ten of these stores closed yesterday, while the other half will shut down in about a month. In addition, planned openings of more Lowe’s locations have been reduced by about 50%. I would not panic just yet – but I would recommend not purchasing any gift cards for Lowe’s

Approximately 1,950 employees will be affected by these closings. Employees will receive pay and benefits for 60-90 days. In addition, Lowe’s will be working with local government agencies to help employees with outplacement assistance.

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

Thanks! Lowe’s Media