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Originally Posted by SAMIAM
I can't believe that Lowes in Gilford is operating in the black.Every time I go in,there are more employees than customers.....huge debt service and overhead on a building that size.Bet they're wishing they had never built there......Home Depot was smart enough to back out from building next door.
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If you read Lowes last quarterly statement, Sales are down 40% from their all time high. They have expanded into the Canadian and Mexican market to boost sales. They are into agreement to expand into Australia. Looks like companies need to go Global to stay alive. US is no longer the market it use to be.
40% sounds about right. 40% of the population have lost their jobs in the past 2 years. Many are 'underemployed' and making much less money.