Lowe’s has been around since the 1920s and has been supplying Americans with home improvement items for years. One of their biggest competitors is Home Depot, and one of the reasons why the home improvement store hasn’t been doing so well. Lowe’s has already closed over 50 stores and plans to close more each year as it has been losing money for years.
The company is going through a slow liquidation so you might see Lowe’s stores around for a while, and there is still a chance the company can be bought and turned around. It is uncertain what Lowe’s future will look like.