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Lowe’s to close 20 stores, cutting 2,000 jobs

Home-improvement retailer Lowe’s Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations. Lowe’s is maintaining plans to open a store at the Citadel Crossing shopping center southeast of Academy Boulevard and Galley Road. Lowe’s… Continue Reading Lowe’s to close 20 stores, cutting 2,000 jobs

Kevin Kratt of Kratt Commercial Real Estate said during December that he expected the first stores at University Village Colorado to open during the third quarter of 2009. Right on schedule, Smashburger, a Denver-based restaurant chain, will offer customers a sneak peak on Oct. 27, and open for business the next day. At the same… Continue Reading University Village almost ready to welcome shoppers

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CHICAGO (AP) – Lowe’s Cos. Inc. said Monday that its fiscal first-quarter profit fell 22 percent but still managed to top Wall Street’s expectations as it cut prices on fewer items.The news, along with a better-than-expected second-quarter outlook and an increased full-year outlook, sent the company’s shares higher in morning trading. The nation’s second-biggest home-improvement… Continue Reading Lowe’s beats Wall Street prediction with 22% profit drop

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