dotmatrix
Joined: 26 Jan 2005
Posts: 110
Location: CANADA
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Posted: Thu Sep 24, 2009 4:33 am Post subject: Midtown Lowe's closes
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Retailer was seen as big player in redevelopment
By Doris Hajewski of the Journal Sentinel
Posted: Sept. 21, 2009
The Lowe's home improvement store at the Midtown shopping center has closed, having never lived up to the company's sales expectations.
The store, at 5800 W. Hope Ave., opened in 2005 and was the first Lowe's store in the Milwaukee area. It was seen as a key part of Midtown, a redevelopment project that replaced the former Capitol Court mall.
Based in North Carolina, Lowe's also has stores on Brown Deer Road, on W. Burleigh St. in Wauwatosa, and on S. 27th St. in Franklin. Those stores will remain open, according to Lowe's spokeswoman Julie Yenichek.
The abrupt closing of the Midtown store Sunday night is not part of a wider pullback for Lowe's, Yenichek said. The last time Lowe's closed a store was in the early 1990s, and the Midtown store is the only one closing now, she said.
"Despite the best work of our store's employees, this store missed the sales estimate from the outset," Yenichek said. Sales never improved to the level needed to stay open, she said.
http://www.jsonline.com/business/60099662.html
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