On 10/18/2011 12:38 PM, Percival P. Cassidy wrote:
On 10/18/11 10:06 am, hr(bob) wrote:

"Lowe's Cos Inc is closing 20 of its U.S. locations and eliminating
nearly
2,000 jobs, and the home improvement retailer is slashing its
store-opening
plans to improve profitability."

http://news.yahoo.com/lowes-closes-s...-plan-12372159...

The stores being closed are located in:

Los Banos, CA
Biddeford, ME
Old Bridge, NJ
Westminster, CA
Ellsworth, ME
Batavia, NY
Denver, CO
Ionia, MI
N. Kingstown, RI
Aurora, IL
Rogers, MN
Emporia, VA
Oswego, IL
Claremont, NH
S. Tacoma, WA
Chalmette, LA
Hooksett, NH
Brown Deer, WI
Haverhill, MA
Manchester, NH

There are 2 stores about 10 miles from here, Oswego and Aurora IL that
are closing. What amazed me was that there were no rumors, and the
employeees had no notice whatsoever, they just showed up Monday
morning and the stores were closed and the store signs were already
removed. What a shock that must have been. The Chicago tv news said
that employeees would get 2 months salary and benefits.

No sell-off of the stock? When our local HD closed earlier this year
(open for only 3 or 4 years), there was a "Store Closing" sale that
lasted a month or so.

Perce

Cheaper to put it back in the system, at least the unbroken pallet items.

Liquidation companies have a very low RoR on current-stock items, and it
is hard on the public image. Better to just vanish- people forget
quickly. For the open-stock or shelf-worn items, they probably have a
company on contract that pays a set rate with no muss, no fuss. In the
olden days, BigLots used to get a lot of their stock that way, I think.
Back before they switched to purpose-built Chinese discount crap. I
haven't seen any secondary market stuff in their stores in ages that
looked like it had made it to retail level.

--
aem sends...