Lowe's introduced a new plan for Costco and Target that would save shopping bags from money.
The retailer launched a new line of budget -friendly home elements at a price of $ 5 or less.
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The group, known as Lowe's Essentials, starts with seven daily products.
These gloves include storage boxes, grill brushes, plastic hanger, bowing pads, and garden tools.
Shoppers can discover these elements directly at the front of the store, making them impossible to miss it.
In an interview with CNBC, CEO Marvin Ellison said that the new line is about attracting customers looking for value and moving face to face with the home competitor.
A retail expert indicated that Louis's move is also a strategic defense against high online threats such as Shin and Timo.
“Instead of allowing customers to go to dollar stores or collective traders of cheap home commodities, we are creating reasonable brands from the beginning.”
Based on early reviews, customers seem to love them.
Of the 328 reviews so far, all the products have high signs.
The grill brush recorded the lowest level with 4.3 stars out of five, while several elements achieved the perfect result.
Louise is not the only retail seller who jumps on a special label.
Safeway felt overwhelmed, Target is well and gathered, all in movement, Dealwordry, and Costco got the signature of Kirkland.
This is not the first battle of Louis in private stickers as well.
The series also carries Kobalt and Décor Home Allen + Roth.
It comes as chains like Walmart, Aldi, Target and Kroger, which launch special stickers with products less than $ 5.
These new lines seem to be a direct response to American shoppers who feel a pile after years of inflation.
More on store news
Several store chains, including Aldi and Publix, will be closed for 24 hours to monitor holidays.
Meanwhile, some other retailers will continue to work as usual.
In other news, a famous restaurant series closed a site after 20 years of operation.
The series closes most of its sites after it is submitted to bankruptcy of Chapter 11.
US brackets for “45, 000 stores”
Experts have warned that about 45,000 bricks and junior stores could be closed in the next five years.
Several major retailers have announced the closure of the stores or have completely worked out in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
Meanwhile, other well -known retailers such as Tuesday morning and Mitchell Gold + Bob Williams offer bankruptcy in 2023.
Bed Bath & Beyond closed all its brick and mortar stores and is now online retail.
The most affected retailers have been the most affected clothes, consumer electronics, sports commodities, hobby, book, music and home furniture stores since the beginning of 2019.
UBS predicted that the total number of retail stores will decrease by 45 thousand from 958 kilos to 913 kilos.
Nevertheless, the report says that some stores should flourish while others decrease.
She said retailers like Walmart, Costco, Home Depot and Target could be among the winners.
