Framingham/Natick Retail NewsCenter

Lowe's Store Slated for Framingham

Title: Lowe's Store Slated for Framingham

Author: Press Release

Publication: Press Release

Date of Publication: May 19th, 2005

Corresponding Retail Development: Lowe's Home Improvement Center

Corresponding Town: Framingham

Web Site Link: http://lowes.mediaroom.com/index.php?s=press_releases&item=720

Text:

LOWE’S STORE SLATED FOR FRAMINGHAM
The Do-it-Yourself retailer invests $12 million to build one-stop shop for appliances, furnishings, building materials and lawn/garden products

Mooresville, N.C. – A new Lowe’s will soon be underway at 350 Cochituate Road. The new Lowe’s store is expected to open in the first quarter of 2006. The do-it-yourself retailer is known for helping homeowners find the right equipment and supplies to build, improve, beautify and enjoy their homes.

Lowe’s is proud to offer 32,000 products under one roof. The home improvement warehouse store will have 104,000 square feet of retail sales space. An additional 31,000 square foot garden center will offer an impressive selection of flowers, bushes, trees and garden supplies tailored to the Massachusetts climate and lifestyle.

A store of this size represents an average investment for the company of $12 million and creates up to 120 new jobs.

Lowe’s reaches out to the community through partnerships with the American Red Cross, United Way, Habitat for Humanity and the Home Safety Council to create safer homes. In addition, the Lowe’s Charitable and Educational Foundation gives more than $3 million each year to support educational and community projects across the country.

With fiscal year 2004 sales of $36.5 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 11 million customers a week at more than 1,100 home improvement stores in 48 states. Based in Mooresville, N.C., the 59-year old company is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.

FAST FACTS ABOUT LOWE’S:
• First store opened in Massachusetts in 2000; Currently has 14 stores in Massachusetts with a store under construction in Seekonk.
• Employs approximately 165,000 people, including more than 2,500 employees in Massachusetts.
• Nation’s 2nd largest appliance retailer, with more than 250 models in stock daily.