Lowe's to close Old Bridge store, 19 others

Home-improvement retailer Lowe's Cos. closed its Old Bridge store and 9 others on Sunday in a move that it says will allow it to focus

OLD BRIDGE - Home-improvement retailer Lowe's Cos. closed its Old Bridge store and 9 others on Sunday in a move that it says will allow it to focus on more profitable locations.

The company says another 10 stores in 15 states will close in a month. The cuts mean a loss of 1,950 jobs. Before the closures Lowe's operated 1,725 stores.

Lowe's, based in Mooresville, N.C., also says it will only open 10 to 15 stores in North America annually beginning in 2012. Previously the company expected to open 30 stores per year. It will open 25 stores this year.

In August, Lowe's said volatile weather and shoppers' worries about the economy hurt demand.

advertisement | advertise on News 12

Trending Video

Monmouth County officials continue to search for missing 1 Officials continue to search for missing 19-year-old
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
Fatal shooting marks 10th 2016 murder in Plainfield 3 Fatal shooting marks 10th 2016 murder in Plainfield
A 2-year-old boy was killed when his aunt 4 Police: 2-year-old killed when aunt backs car into him
VIDEO: Shoppers brave the cold for holiday deals 5 VIDEO: Shoppers brave the cold for holiday deals

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE