Lowe's Announces Stores will Close on Easter Sunday, April 4, for a Second Year

Rhea-AI Summary

Lowe's Companies, Inc. (NYSE: LOW) announced that all stores in the U.S. and Canada will close on Easter Sunday, April 4, 2021, to honor over 300,000 associates. CEO Marvin R. Ellison emphasized the importance of spending time with family and assured staff that they can make up scheduled hours to avoid pay loss. The company also revealed a $80 million seventh discretionary bonus to associates, totaling over $900 million in pandemic-related bonuses and nearly $1.3 billion in COVID support since the pandemic began. Lowe's is hiring more than 50,000 seasonal and full-time associates.

Positive

• Total bonuses to associates exceed $900 million.
• Investment of nearly $1.3 billion in COVID-related support shows strong commitment to employees and communities.
• Currently hiring over 50,000 new seasonal and full-time associates, indicating business growth.

Negative

• None.

MOORESVILLE, N.C., March 3, 2021 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced all stores in the United States and Canada will be closed on Easter Sunday, April 4, to show the home improvement retailer's appreciation for more than 300,000 associates' continued dedication.

"As we near the one-year anniversary of the pandemic's impact, we continue to recognize and thank our more than 300,000 associates who have demonstrated, again and again, their passion and commitment to serving our customers," said Marvin R. Ellison, Lowe's president and CEO. "Easter Sunday is an opportunity to spend time with loved ones. As we did last year, we'll work to ensure associates have the opportunity to make up scheduled hours to avoid any loss in pay resulting from this well-deserved day away from work."

In January, Lowe's announced its seventh bonus or special payment for its hourly front-line associates with an additional $80 million in discretionary bonuses. That seventh pandemic-related bonus brought the company's total commitment to associates to more than $900 million. The company has invested nearly $1.3 billion in COVID-related support for its associates, communities and store safety since the pandemic began.

Lowe's is currently hiring more than 50,000 seasonal and full-time retail associates, building on the more than 90,000 associates hired into permanent roles over the past year. Job seekers can visit jobs.lowes.com/spring or text "JOBS" to LOWES (56937) to learn about nearby opportunities and apply.

For more information about Lowe's response during the pandemic, visit newsroom.lowes.com.

About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 20 million customers a week in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Contact:
Maureen Wallace
Lowe's Companies Inc.
maureen.wallace@lowes.com

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SOURCE Lowe's Companies, Inc.

FAQ

Why is Lowe's closing stores on Easter Sunday 2021?

Lowe's is closing stores on Easter Sunday, April 4, 2021, to honor over 300,000 associates for their dedication during the pandemic.

What special payments has Lowe's announced for associates?

Lowe's announced an $80 million discretionary bonus for its hourly front-line associates, bringing total pandemic-related bonuses to over $900 million.

How many associates is Lowe's hiring currently?

Lowe's is hiring more than 50,000 seasonal and full-time associates as part of their workforce expansion.

How much has Lowe's invested in COVID-related support?

Lowe's has invested nearly $1.3 billion in COVID-related support for associates, communities, and store safety since the pandemic began.