Lowes Foods To Close Two Stores But Remains Committed To Triangle
Posted August 4, 2006
RALEIGH, N.C. — Lowes Foods is closing two of its stores in the Triangle market, but the Winston-Salem based company remains firmly committed to the region, a spokesperson said Friday.
"We don't at this point have any plans to expand, but we are always looking for new sites," said Dianne Blancato on behalf of the food chain.
Blancato confirmed that Lowes would close a story in Cary at the Devonshire Place Shopping Center and another on Vision Drive in Apex.
However, Blancato pointed out that Lowes is committed to opening a new store at the intersection of Highway 401 and Forestville Road in the fast-growing region northeast of Raleigh.
"That is a very high-growth area," Blancato said. "That's exactly the reason we are building there."
Lowes, which was founded in Winston-Salem in 1954, operates more than 100 stores throughout the Carolinas. It has 17 stores in the Triangle region, including Raleigh, Durham, Chapel Hill, Clayton, Apex, Garner, Wake Forest, Knightdale, Holly Springs and Chapel Hill.
A major factor in closing the Cary store was road construction, Blancato said. "It is at a very difficult intersection," she explained, adding that roadwork made the access problem "even worse. One thing we look for is easy access for our customers."
Another Lowes is located some two miles away, she added.
Both stores were former locations for the Hannaford chain, which Lowes had acquired.