Home Depot Closing In Greenville,Rock Mount,Lowe's Restructures
Posted in the Kill Devil Hills Forum
#1 Jan 27, 2011
I guess they're thing loooooong term on the OBX.
Home Depot closing; Lowes restructures
The Daily ReflectorWednesday, January 26, 20113 Comments | Leave a Comment
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Home Depot stores in Greenville and Rocky Mount will be closing their doors, according to company officials, and its competitor, Lowes, has announced it will lay off 1,700 managers nationwide.
The Home Depot on Memorial Drive in Greenville and the one on North Wesleyan Boulevard in Rocky Mount will close after a liquidation clearance sale that begins Thursday, according to company spokesman Stephen Holmes.
The stores were not expected to meet targeted long-term financial returns, Holmes said. Employees were notified Tuesday morning by management.
Both stores will keep regular hours today and Wednesday, and the liquidation will begin Thursday. Such sales usually last about six to eight weeks, Holmes said. There is no set closing date; the stores will close once the merchandise is sold.
The Greenville location employed 96 people, and the Rocky Mount location employed 89. Employee numbers will be scaled down as the sale continues.
Holmes said this was “a difficult decision” because these stores had “great associates.”
“This is difficult mainly because of the impact on the associates,” Holmes continued.“It wasn't anything they did wrong. It was very difficult from that standpoint.”
Holmes did not want to speculate on the future, but he said there are no plans at the moment to add any more stores in the area.
Lowe's Cos, the nation's No. 2 home-improvement chain, announced Tuesday it is laying off about 1,700 middle managers nationwide and adding thousands of hourly, part-time sales staff on weekends, according to the Associated Press.
Spokeswoman Chris Ahearn said Tuesday that the company redefined hundreds of middle-management jobs and will eliminate those between assistant store manager and store manager on Saturday.
The company will start taking applications next week to fill the 8,000 to 10,000 new positions, to be spread evenly among Lowe's 1,725 stores. Ahearn said the changes will give the company the staff in needs to help its customers when they shop the most — weekends.
About 20 percent of stores will not lose staff. Lowe's has about 238,000 employees, with four to six managers at each store.
Ahearn declined further comment, citing Lowe's upcoming earnings report.
#2 Jan 27, 2011
Correction-I guess they're "thinking" loooooong term on the OBX.
#3 Jan 27, 2011
Good thing we are getting a Lowes in KDH. Something they can close in a few years! Sweet!
#4 Jan 28, 2011
The Lowes aren't closing, it's the Home Depot stores that are.
#5 Jan 28, 2011
As stated before, large corporations like Homedepot and Lowes get massive tax breaks when they open a new store, often for five to ten years. Once that ends it is often more profitable to close the store and open a new one someplace else. There is never a lack of places willing to give away the taxes to get those low paying jobs for a time even if they don't increase employment levels and actually cost money in the long term. People need to understand that corporations are only interested in one thing. Profits. If they can increase them by closing one store and opening another or reducing staff they will do it in a heartbeat with not a second thought. If you don't believe it then look at how as unemployment has gone up so has corporate profits. Unemployment in the U.S. is at the highest level in years and yet profits are through the roof and all you hear about from government officials is how can we reduce the amount of taxes that corporations pay. Not sure how you can reduce them further when many don't pay any now. Don't believe that? The tax bill for GE, ExxonMobile, and Bank of America (and others) for 2009?
#6 Jan 28, 2011
Sounds like Lowes is learning from Walmart. Fire everyone with benefits, that costs Lowes money. Hire a bunch of part-time employees so you don't have to provide them anything but a part time wage. Looks good on paper. Fools most all stupid Americans because look at all the new jobs being created. Lowes, Home Depot, Walmart....the list goes on, do not and will not ever really care for or try to do good for the local community. Money hungry machines!
Look above at Pete Repeat, he knows whats up!!!
And by the way, Really, do some research. Lowes has been closing stores long before they began getting rid of their high cost employees!!
#7 Jul 7, 2011
I was one of the people who got let go after 20 years of blood,sweat, and tears:(
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