TICONDEROGA — Unmet sales projections were the primary reason for the sudden closure of the Lowe’s store here and in six other locations around the United States.
“The seven stores missed sales estimates from the outset,” said Public Relations Manager Stacey Lentz on Monday afternoon from corporate headquarters in Mooresville, N.C.
“They didn’t improve over time. We didn’t see a scenario that led to profitability for the store.”
Workers at the Ti Lowe’s and six other home-and-building-supply-store locations were given less than 24-hours’ notice.
“Once we closed last night,” Lentz said, “we had an all-store meeting to inform employees the store would close on Monday morning.”
Calls placed to the Ticonderoga location on Wicker Street were answered Monday by a machine with a message that says: “We’re sorry, but this location is permanently closed. Please visit our location in Glens Falls.”
Lowe’s in Ticonderoga had 86 employees — 58 were full time and 28 part time, Lentz said.
They will continue to receive pay and benefits for 90 days, she added.
“We are not relocating them ourselves, but they do have the opportunity to apply for openings at any of our other stores.”
The Ticonderoga store had been open here for less than 2-and-a-half years.
Lentz could not comment on what the closures mean for overall corporate profitability.
But she did compliment the workforce.
“These employees were very committed to their store and to customer service.”
But by 8 a.m. Monday, the Ticonderoga store listing had been removed from the Lowe’s nationwide site map on its web page.
The sign — which won Adirondack Park regulatory exemption in a hard-fought effort several years ago — was gone.
The 102,000-square-foot retail operation opened on Feb. 27, 2009, at a reported cost of $12 million after several years of planning and zoning discussions that ultimately situated the store on the outskirts of Ticonderoga’s former village boundaries.