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
-
Ten Cheapest Places to Live in TexasProperty Tax Looking for a cheap place to live in Texas? Look no further. These counties have the lowest property tax bills in the Lone Star State.
-
AI Is Missing the Wisdom of Older Adults: What It Means for YouAI will increasingly affect your healthcare and finances, but young workers are primarily designing the systems and getting most of the jobs.
-
The Three C's to Financial Success: A Financial Planner's Guide to Build WealthConsistency, commitment and confidence in your chosen strategy are more critical to your financial success than finding the 'perfect' financial plan.
-
Baby Boomers vs Gen X: Who Spends More?Baby Boomers and Gen X are guilty of spending a lot of money. Here's a look at where their money goes.
-
A Financial Expert's Tips for Lending Money to Family and FriendsWhat starts as a lifeline can turn into a minefield if the borrower ghosts the lender. Following these three steps can help you avoid family feuds over funds.
-
Mint Mobile Is Offering $440 Off Samsung and Google Phones Plus Half Off Unlimited Plans for Two YearsReady to upgrade your phone? If you switch to Mint Mobile, you can get $440 off that upgrade and lock in two years of ultra low prices on your phone plan.
-
The 401(k) Mistake That Could Cost You Millions in Retirement SavingsThinking about reducing your 401(K) contributions in the current market? Here are six reasons why you may want to reconsider.
-
I'm an Insurance Expert: Yes, You Need Life Insurance Even if the Kids Are Grown and the House Is Paid OffLife insurance isn't about you. It's about providing for loved ones and covering expenses after you're gone. Here are five key reasons to have it.
-
7 Rules Frequent Flyers Swear ByFrom dodging long lines to avoiding bad coffee, these clever travel rules can help you save time, stay healthy and reduce stress every time you fly.
-
My Professional Advice: When It Comes to Money, You Do YouThis is how embracing the 'letting others be' and 'learning to surrender' mindsets can improve your relationship with money.
