As the second-largest home improvement retailer in the United States, Lowe’s Companies, Inc. (NYSE: LOW) is an important player in the home improvement industry. Therefore, when rumors start circulating that the company might be closing its doors, it’s important to take a closer look at the situation.
So, is Lowe’s Home Improvement closing?
As of right now, there is no evidence to support this claim. In fact, Lowe’s recently announced that it would be hiring approximately 53,000 employees in order to meet the increased demand for home improvement products and services.
Lowe’s is not currently closing and, in fact, seems to be doing quite well. However, that doesn’t mean that the rumors aren’t without merit.
The company has been struggling in recent years and has closed a number of stores. In 2017, for example, Lowe’s closed 31 stores across the United States.
It’s possible that the rumors about Lowe’s closing are simply a case of mistaken identity. Another home improvement retailer, Menard Inc., recently announced that it would be closing all of its stores in Canada. This news might have been confused with Lowe’s since both retailers operate in the same industry.
In conclusion, there is no evidence to support the claim that Lowe’s Home Improvement is closing its doors. However, the company has been struggling in recent years and has closed a number of stores. It’s possible that the rumors are simply a case of mistaken identity.