Lowes plans to add 25 stores this year

Lowes plans to add 25 stores this year

There are 16 comments on the American City Business Journals story from May 27, 2011, titled Lowes plans to add 25 stores this year. In it, American City Business Journals reports that:

Lowes plans to add about 25 new stores this year to its home improvement big-box empire, CEO Robert Niblock told the company's annual meeting in Charlotte today.

Join the discussion below, or Read more at American City Business Journals.

What a Damn Joke

United States

#1 May 28, 2011
Great news! Maybe they will rehire the 1700 people that they shafted last January 25th. Right. Hey, is that a pig I see flying?
LeadH20Wreck

Orlando, FL

#2 May 28, 2011
What a Damn Joke wrote:
Great news! Maybe they will rehire the 1700 people that they shafted last January 25th. Right. Hey, is that a pig I see flying?
I think I see that same pig!! LOL!! It just amazes me the minds of corporate. Oh wait...they have no minds!
In a perfect world

Grand Haven, MI

#3 Jun 7, 2011
Why would anyone want to deprive 25 towns of having a quality home improvement store in their area ? Lowes provides approx. 100 people with employment in each town that it opens up in.
LeadH20Wreck

Orlando, FL

#4 Jun 7, 2011
In a perfect world wrote:
Why would anyone want to deprive 25 towns of having a quality home improvement store in their area ? Lowes provides approx. 100 people with employment in each town that it opens up in.
You must be management! That is why you couldn't possibly understand!

Since: Feb 11

Location hidden

#5 Jun 14, 2011
the weekenders are wonderful aren't they. They move from dept to dept acting like they know what they are doing but really don't. More red vests in the aisle but not competent ones. Says a lot about mgmt-computer training makes people experts...wrong.
GardenSpecialist

Orlando, FL

#6 Jun 15, 2011
tonyrodriquez wrote:
the weekenders are wonderful aren't they. They move from dept to dept acting like they know what they are doing but really don't. More red vests in the aisle but not competent ones. Says a lot about mgmt-computer training makes people experts...wrong.
True words spoken!

Since: Jan 11

Location hidden

#7 Jun 15, 2011
tonyrodriquez wrote:
the weekenders are wonderful aren't they. They move from dept to dept acting like they know what they are doing but really don't. More red vests in the aisle but not competent ones. Says a lot about mgmt-computer training makes people experts...wrong.
Amen, brother.
In a perfect world

Grand Rapids, MI

#8 Jun 16, 2011
First of all I'm a stockholder who cares about the price of my stock and if you understood anything about stocks you would know it is not going to go up unless we increase our sales and profit. I don't know what area of the country your in, but most are not doing very well and our stock price reflects that. Adding new stores not only helps the surrounding communities with increased employment, but it also adds incremental revenue to our bottom line. That's called WIN WIN. Who knows, maybe some of those hired will be some that were displaced. Weekenders are what we make them !
Spend some time training them in the aisles and they will become better. Remember, all of those experienced workers had their first day at some point.
GardenSpecialist

Orlando, FL

#9 Jun 16, 2011
In a perfect world wrote:
First of all I'm a stockholder who cares about the price of my stock and if you understood anything about stocks you would know it is not going to go up unless we increase our sales and profit. I don't know what area of the country your in, but most are not doing very well and our stock price reflects that. Adding new stores not only helps the surrounding communities with increased employment, but it also adds incremental revenue to our bottom line. That's called WIN WIN. Who knows, maybe some of those hired will be some that were displaced. Weekenders are what we make them !
Spend some time training them in the aisles and they will become better. Remember, all of those experienced workers had their first day at some point.
We'll call you when we need them trained. Cause we are way too busy and short staffed to do that. Maybe in your area this is not the case. Don't speak out of turn when you know not what you're talking about. Just sayin...

Since: Jan 11

Location hidden

#10 Jun 16, 2011
In a perfect world wrote:
First of all I'm a stockholder who cares about the price of my stock and if you understood anything about stocks you would know it is not going to go up unless we increase our sales and profit. I don't know what area of the country your in, but most are not doing very well and our stock price reflects that. Adding new stores not only helps the surrounding communities with increased employment, but it also adds incremental revenue to our bottom line. That's called WIN WIN. Who knows, maybe some of those hired will be some that were displaced. Weekenders are what we make them !
Spend some time training them in the aisles and they will become better. Remember, all of those experienced workers had their first day at some point.
So if you are so worried about profit as a stockholder, why would you over-saturate markets - it only cuts into your profits...
GardenSpecialist

Orlando, FL

#11 Jun 17, 2011
itsallgoodtoday wrote:
<quoted text>
So if you are so worried about profit as a stockholder, why would you over-saturate markets - it only cuts into your profits...
Amen and Thank you itsallgood! That goofball doesn't get it...I think he is from Corporate!

Since: Apr 11

Location hidden

#12 Jun 17, 2011
In a perfect world wrote:
First of all I'm a stockholder who cares about the price of my stock and if you understood anything about stocks you would know it is not going to go up unless we increase our sales and profit. I don't know what area of the country your in, but most are not doing very well and our stock price reflects that. Adding new stores not only helps the surrounding communities with increased employment, but it also adds incremental revenue to our bottom line. That's called WIN WIN. Who knows, maybe some of those hired will be some that were displaced. Weekenders are what we make them !
Spend some time training them in the aisles and they will become better. Remember, all of those experienced workers had their first day at some point.
I am a stock holder too, and today the stock was BELOW 23.00. It was 25+ just 6 months ago when they did the group purchase. Being an employee, I make an automatic profit on my stock, as I get a discount on it when I purchase it, but somehow, I think I have lost money in the last 6 months. I am just riding the wave right now, holding my breathing, hoping things get better soon.
In a perfect world

Grand Rapids, MI

#13 Jun 18, 2011
I agree with your statement of over-saturation, or cannabalization of market, but your assuming that those 25 stores are in markets that already have too many stores and I choose to believe they are in new areas that can thrive. Just depends on your point of view. By the way Garden specialist, your statement of speaking out of turn makes absolutely no sense at all.
True

Las Vegas, NV

#14 Jun 18, 2011
not false

Since: Jan 11

Location hidden

#15 Jun 18, 2011
Fair enough - we agree to disagree. I can't see anywhere on the map where many of these 25 stores won't cut into an existing store's sales.

I honestly hope I'm wrong.
In a perfect world

Grand Rapids, MI

#16 Jun 21, 2011
Fair enough as well.
I just hope that our sales grow whether it's through expansion or increased sales in each store, otherwise your stock and mine are just going to sit there. And nobody is making it on the dividend.

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