News | All 13 stores closed

Back

Lowe’s pulls out of Mexico

Lowe’s opened its latest Mexican DIY store in Aguascalientes in July 2018.

Lowe’s opened its latest Mexican DIY store in Aguascalientes in July 2018.

Lowe's has closed all of its 13 stores in Mexico, according to several newspapers and the trade press in the South American country. Reports indicate that 2 600 employees are affected by the closures. The US home improvement chain publicly revealed at the presentation of its quarterly figures last November that it was considering exiting the Mexican market, but didn't provide a timescale for withdrawal. The announcement that the stores would close was made at short notice in April. The website of Lowe's Mexico can no longer be reached, its Facebook page has not been updated and there is no reference to the closures.

Lowe's is the USA's second-biggest DIY chain and second biggest home improvement chain in the world with 1 723 outlets in the USA and 279 in Canada. In Canada the company also acts as a central purchasing hub for around 230 independent stores.

| 3 May 2019


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

International trends also on the Italian garden market

The Italian garden market achieved a volume of EUR 2.863 bn in 2019. "According to our projections, the trend should be positive at least View news...

Franz-Peter Tepaß of Obi is the new BHB head

The new chairman of the German DIY industry association BHB is from Obi. Franz-Peter Tepaß, managing director of Obi GmbH & Co. Deutschland KG View news...

Sales in German DIY stores grow by 3.2 per cent in 2019

German home improvement stores will increase their sales by 3.2 per cent to EUR 23.00 bn this year. This was the forecast issued by market View news...

New figure at the helm of Cencosud

Cencosud has a new management structure and a new CEO as well as a new head of its DIY stores in Chile. Matias Videla took the helm at the Chilean View news...