Lowe’s is closing 20 stores in the United States!

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Lowe’s is closing 20 stores in the United States!

Lowe's In Aliso Viejo Closing

Lowe’s is closing 20 stores in the United States!  Only 2 Locations Left in South Orange County!

Lowe’s is closing the majority of its stores in Orange County!  A Lowe’s company spokes person said on December 10th that it will close 20 stores in the United States as part of its plan to focus on its most profitable locations. Unfortunately this news hits Orange County residence especially hard because 2 of the 20 are located here in Tustin / Irvine and Aliso Viejo. Now South OC residence have to drive further to their closest Lowe’s now in Rancho Santa Margarita or San Clemente

 Lowe's Locations Pre-Store Closing

South Orange County Lowe’s Locations Pre-Store Closing

The primary reason Lowe’s management decided to close 2 stores in Orange County

The primary reason Lowe’s management decided to close 2 stores in Orange County is the fact that they consider stores with in 10 miles of each other to be redundant.  They don’t want it’s stores to compete with each other. Fortunately the Rancho Santa Margarita and San Clemente stores will be kept open.  I think the stores in Aliso Viejo and Irvine | Tustin must have more overhead and lower sales volume than the other stores.  

Driving Further to Lowe’s

If you don’t mind driving you can still go to a Lowe’s, but you will probably pass one or two Home Depot locations on the way.  After the stores close I’ll have to drive a ways to get to Lowe’s so the only reason I will go to Lowe’s is for items Home Depot doesn’t carry.  That primarily means higher end hardware for me and not large items like lumber, dry wall, etc. 

Better Store Atmosphere at Lowe's

Better Store Atmosphere at Lowe’s

Lowe’s May Have More Competition Online…

Unfortunately that puts Lowe’s in the cross hairs of online retailers that also sells hardware like Amazon.com, Walmart.com and Target.com.  Getting caught between those giants is not a good place to be…   Not much else could get me to drive 10 miles out of my way to go to Lowe’s.  So if the management at Lowe’s reads this post – CARRY MORE HIGH END HARDWARE that’s too expensive to ship.

Lowe’s Says It Will Save Money and Employees

I spoke with one of the employees at the Aliso Viejo location and he said the store will be shuttered in mid January. If you buy anything your receipt will be stamped “No Returns” because Lowe’s has already agreed to a contract with Hilco Merchant Resources to liquidate the inventory at the closing stores by February 1st 2019, which is the end of its fiscal year. 

Lowe's Employee helping a customer

Lowe’s Employee helping a customer choose a power tool.

Lowe’s says that the majority of the stores being closed are within 10 miles of another store. So most employees of the United States stores being closed will be provided the opportunity to have similar jobs at nearby stores.  Lowe’s expects the impact of the closures on fiscal 2018 earnings to be 28 cents a share to 34 cents a share, which based on 808.3 million shares outstanding as of Aug. 31 would imply $226.3 million to $274.8 million.

Christmas Trees inside a Lowe's

Customer Walking Past Christmas Trees inside a Lowe’s

Why I think Lowe’s Will Stay In Business

I believe Lowes and Home Depot will stay in business because both stores sell lots of things people don’t usually buy online. But The Home Depot will continue to do more business primarily becasue it has more and better locations than Lowe’s. 

Here is the list of stores being closed, provided by Lowe’s:

State City Address Store number
Alabama Graysville 1100 Bankhead Hwy SW #3039
California Aliso Viejo 26501 Aliso Creek Rd. #1900
California Irvine 13300 Jamboree Rd. #769
California South San Francisco 720 Dubuque Ave. #2452
California San Jose 750 Newhall Dr. #2842
Connecticut Orange 48 Boston Post Rd. #621
Illinois Granite City 1333 Schaefer Rd. #3028
Illinois Gurnee 7735 Grand Ave. #1829
Indiana Portage 6221 U.S. Hwy 6 #1778
Louisiana New Orleans 5770 Read Blvd #2690
Massachusetts Quincy 599 Thomas Burgin Pkwy #2267
Michigan Burton 4274 E. Court St. #761
Michigan Flint 2100 T.A. Mansour Blvd #669
Minnesota Mankato 2015 Bassett Dr. #2855
Missouri Bridgeton 11974 Paul Mayer Ave. #2299
Missouri Florissant 3180 N. Hwy 67 #748
New York New York 2008 Broadway #3292
New York New York 635-641 6th Ave. #3293
Pennsylvania Shippensburg 250 South Conestoga Dr. #2816
Texas Irving 3500 W. Airport Fwy #1811
Canada
Province City Address Store number
Alberta Calgary 11520—24th Street SE #62520
Alberta Calgary 12330 Symons Valley Road NW #62880
British Columbia New Westminister 105-1015 Columbia Street #61580
Newfoundland Bay Roberts 239 Conception Bay #22120
Newfoundland Conception Bay 825 Conception Bay Hwy #22040
Newfoundland Goulds 53-59 Main Highway #22030
Newfoundland St. John’s 66 O’Leary Ave. #22070
Newfoundland St. John’s 1297 Topsail Rd. #22010
Newfoundland St. John’s 710 Torbay Rd. #22130
Ontario Kingston 1452 Bath Rd. #55310
Ontario Lakefield 178 Water St. #33140
Ontairo Mississauga 1133 Dundas St. #55430
Ontario Mississauga 1692 Lakeshore Rd. #55390
Ontario North York 6600 Yonge St. #3320
Ontario Peterborough 1575 Chemong Rd. #55520
Ontario Sault Ste. Marie 132 Black Rd. #33640
Ontario Sault Ste. Marie 248 Northern Ave. #3276
Ontario Sudbury 943 Barry Downe Rd. #33020
Quebec Ange-Gardien 194, rue Principale #43070
Quebec Grandby 788, rue Moeller #44060
Quebec L’Assomption 723, boulevard L’Ange-Gardien #44070
Quebec Laval 134, boulevard Sainte-Rose #44040
Quebec Montreal 9200, boulevard Maurice-Duplessis #43250
Quebec Rouyn-Noranda 1200, rue Mantha #43270
Quebec Saint Elzear 100, rue du Parc Industriel #43290
Quebec Sainte-Clotilde-de-Chateauguay 335, Route 209 #44000
Quebec Saint-Jean-sur-Richelieu 870, boulevard d’Iberville #44110
Lowe’s Companies

Everything you need to Improve Your Home Is On Sale!

If you want to spruce up your home for any reason now is a great time to go to the Lowe’s Stores that are closing.  That’s because some things are on sale at deep discounts!  Especially if you have decided to sell your home you want to do everything possible help your home show its best.  That’s because small things make a big difference when selling and its even better when you can get the thing you need on sale!   You should consult with experts about a month before you want your home on the market.  Its always good to get expert advice to maximize the value of your home.  If you are thinking of selling we will be glad to help you at no cost so don’t hesitate to contact us

 

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