As the world continues to change and evolve, so too must businesses. Unfortunately, this sometimes means that stores must be closed down, even if they have been around for a long time.
Lowe's has announced that it will be permanently closing its Pico Rivera store, located at The Shops at Montebello. This is one of the company's older stores, having first opened in the early 1990s. The closure of the store will result in the loss of approximately 120 jobs.
Lowe's has been struggling financially in recent years, and this move is likely part of an effort to cut costs and improve profitability. The Pico Rivera store was not performing as well as other Lowe's locations, and the company has decided to shutter it as a result.
This closure is likely to be disruptive for customers who shopped at the store, as well as for the employees who are losing their jobs. It's always difficult to see a business close its doors, but sometimes it is necessary in order for the company to move forward.