12 replies (most recent on top)
So Rona was a disaster when Lowes bought it. Good idea to restructure and close some stores. Lowes is doing the right thing.
Yeah, Boy y'all must be from down south, Einstein! Probably from corporate in North Carolini, just like the previous poster stated this is a whole new round of closing's. Get your facts straight and google Lowe's store closing's, y'all find articles from Nov.5 2018 and Nov. 20 2019. Y'all come back now hear!
To the previous poster that just stated
"That was announced last year. Boy y’all are smart"
Perhaps you should check your facts before posting. This is a NEW round of Canada store closings that was just announced and not to be confused with the one announced over a year ago. Those stores are already long gone.
That was announced last year. Boy y’all are smart
Smoke and mirrors
Oh no wonder the stock jumped today, Nov. 20 2019 LOwes announced closing 34 underperforming stores in Canada. 26 Rona's, 6 Lowe's, and 2 Reno-Depot's. Boy, you are sooo sneaky Marv, I knew there was people losing their job's somewhere.
It may have beat Wall Street's estimates but not Lowe's expectations. But all they will ever say is they were hoping for better but growth can be difficult during the winter season.....or something like that.
Yep, Ol' Marv and his minions must of been cookin' those books again. There is simply no reason for any positive stock boost, the way these stores are being run and the way customer service is lacking badly. Other than eliminating job's, letting the stores run down by using hack companies for maintenance and repairs and not keeping key merchandise in stock. It truly is amazing bunch of BULL, but that's the way the phony stock market is today. Positive results on bad new's and stock buyback's, the federal reserve keeping it afloat. When it goes next time there won't be any recovery, third world nation here we come.
sales were DOWN! but because expenses were controlled...wall street wins and is happy. customers and employees lose. wall street is happy with lowes right now because Q3 data shows that wealth was further redistributed to them. HD stock goes down because they dont meet fake predictions. they made 10 billion more than lowes.
stock market is rigged. nothing more than a ponzi scheme for the rich to get richer. but hey....main street thinks if they make a few thousand on it then it works for them too. it doesnt. wage stagnation, inflation of goods and service prices. devaluation of the dollar. and ultimately well timed economic bubbles where you lose your retirement and then ultra wealthy are protected from it because its an insiders game.
Q3 Earnings & Growth less than expected but earnings per share higher and stock up > 5%. Looks like Marvin’s plans are working per Wall Street and investors. So expect more cuts/changes at store. Not saying I agree but in reality the store peons are so inconsequential. BUT yet we are the face of the company and the ones that generate the sales, because without us customers couldn’t buy anything.
Both lost... however, the employees in stores ultimately lose the most. Get out while you can!
Guess you did not see the Q3 results?