Lowe's, a popular home improvement retailer, announced it will close all of its more than 1,700 stores and contact centers for 24 hours.
The day? April 20, which marks Easter Sunday this year. And the reason Lowe's stores are closing is to give employees a day off, particularly during a faith and family holiday.
Lowe's chairman and CEO Marvin Ellison said: "I'm extremely proud of the commitment of our 300,000 associates who support our communities while providing excellent customer service — not only in spring, but all year-round. In recognition of our teams' continued hard work, we are pleased to provide a well-deserved day off so they can spend Easter with their loved ones."
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Easter is one of the most important holidays in Christianity. While it isn't a national holiday, some retailers mark the occasion by closing their stores since it's widely celebrated.
Is it common for Lowe's stores to close on Easter?
Yes, Lowe's is one of the many retailers regularly closed on Easter. However, the occasion can also mark a big boon for retailers.
The National Retail Federation found 81% of those surveyed planned to celebrate Easter, with people spending on average $177.06 last year.
Moreover, Easter usually marks an occasion to spend money on more seasonal fare. The NRF found the most popular items bought during Easter include flowers, candy (refrigerated Reese's eggs are exceptionally delicious), gifts, food, clothing and greeting cards. And don't forget the plastic eggs for the hunt.
The bottom line
Recently, Lowe's announced it will close all of its store locations and contact center for Easter Sunday on April 20. This isn't unusual, as the retailer has closed its doors for this holiday before.
Therefore, if you plan to use that weekend to get some work done around the house, make sure to plan ahead before the closure.
Related content
-
Cord Cutting Could Help You Save Over $10,000 in 10 YearsHow cutting the cord can save you money and how those savings can grow over time.
-
The '8-Year Rule of Social Security' — A Retirement RuleThe '8-Year Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star General knew a thing or two about good timing.
-
Cord Cutting Could Help You Save Over $10,000 in 10 Years
How cutting the cord can save you money and how those savings can grow over time.
-
The Top Fourth of July Fireworks and Celebrations Across AmericaFrom Boston to San Diego, these iconic celebrations light up the sky — and the spirit of Independence Day.
-
Why Retirees Need a Budget, According to a New RetireeA new retiree explains why retirees need a budget.
-
My First $1 Million: Air Force Veteran, 68, Duluth, Ga.Ever wonder how someone who's made a million dollars or more did it? Kiplinger's My First $1 Million series uncovers the answers.
-
Your Home + Your IRA = Your Long-Term Care SolutionIf you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem.
-
How to Choose a Mortgage Lender in Five StepsNot all lenders are created equal — here’s how to compare offers, rates and terms with confidence.
-
A Meteorite May Have Hit a Home in Georgia. Would Insurance Cover the Damage?In a rare event, a meteorite may have crashed through the roof of a Georgia homeowner. Here’s what home insurance would cover.
-
My Car Was Stolen — Here’s What I Did and How You Can Protect YourselfDon’t wait until it happens to you. Learn how to prepare for auto theft, protect your vehicle and respond quickly if your car is stolen.
