One. Two. Three. Four. That’s how many notices I received from Lowe’s today, telling me that it will open new stores in West Palm Beach, Fla.; Marble Falls, Texas; Mayodan, N.C.; and Madera, Calif.
This is not the first day in recent weeks that I have received multiple notices on one day about Lowe’s store openings. In fact, there have been enough of those days, that it seems worth reporting.
After all, not only are these slow economic times in general, the current economic doldrums are particularly sluggish for the housing industry and associated businesses. Like, um, Lowe’s.
So it is no small piece of news that a home improvement retailer is busy opening stores.
At the end of fiscal 2007, the North Carolina-based retailer operated 1,534 stores in the United States and Canada. During fiscal 2008, Lowe’s plans to open 120 more stores.
Impressive, given, as I said, the current state of the economy. Lowe’s stock price today, is down about 50 cents, but then whose stock price is not down right now?
It seems, that Lowe’s management is set on seeing that stock price go up. One way to do that is to make the store accessible to more shoppers in more places.