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No Lowes Closures Planned In Texas

Photo by hawaii http://www.flickr.com/photos/hawaii/

Fear not, Austinites who shop at Lowes. You will still have somewhere to buy that $300 artificial Christmas tree this year without having to visit Home Depot, Target, Wal-Mart or some other large retail chain.

Lowes is closing 20 “underperforming stores” across 15 states and laying off 1,950 people. But none of the locations is in Texas, according to a news release from Lowes. The home improvement chain has 14 stores between Round Rock and New Braunfels.

The move to scale back operations comes after Home Depot, Lowe’s main competitor, reported a 16 percent jump in earnings while Lowes reported no growth, the AP reported.  Bloomberg News says the company will provide fired employees with pay and benefits for 60 to 90 days. 

Nathan Bernier is the transportation reporter at KUT. He covers the big projects that are reshaping how we get around Austin, like the I-35 overhaul, the airport's rapid growth and the multibillion dollar transit expansion Project Connect. He also focuses on the daily changes that affect how we walk, bike and drive around the city. Got a tip? Email him at nbernier@kut.org. Follow him on Twitter @KUTnathan.