Tag: store closings

#Lowe’s Plans To Close More Than 50 Stores—Check To See If Yours Is On The List
Money

#Lowe’s Plans To Close More Than 50 Stores—Check To See If Yours Is On The List

You can now add home improvement chain Lowe’s to the list of stores closing locations around the country. Joining retailers like JCPenney, Sears and Victoria’s Secret, Lowe’s has announced the closure of 51 stores, including 20 in the U.S. The locations closing are not performing as well as others, and the majority are within 10 miles of another Lowe’s. Lowe’s expects the closures to take effect by Feb. 1, 2019. Most of these locations will have store-closing sales, with the exception of some U.S. stores that are closing immediately. Getty Images | Justin Sullivan Lowe’s currently operates more than 2,000 stores in the U.S., Canada and Mexico, and employs more than 310,000 people. Most associates at the closing stores will be given the option to transfer to another store location....
Victoria’s Secret Is Closing 20 Stores Around The Country
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Victoria’s Secret Is Closing 20 Stores Around The Country

Oh no! This is sad news for the employees. Victoria’s Secret is joining the ranks of stores like JCPenney, Sears and Toys R Us and closing 20 stores around the country.The announcement was made by Stuart Burgdoerfer, the CFO of the retailer’s parent company, L Brands, in a call with investors, according to Business Insider. Six Victoria’s Secret stores have already closed this year, while three more are slated to open. Victoria’s Secret has not announced the location of the 20 stores that will be closing. The announcement comes as L Brands reported its second-quarter earnings, which showed that some same-store sales were down by 1 percent. The company also announced that Denise Landman, CEO of Victoria’s Secret PINK, will be retiring at the end of the year. Getty Images | John S...