Lowes Foods closing two Triangle stores

dbracken@newsobserver.comAugust 16, 2013 

Lowes Foods is closing two of its Triangle stores, including one in west Cary near where Publix plans to open its first grocery store in the region next year.

The Lowes Foods stores at 1961 High House Road in Cary and at 2900 East Millbrook Rd. in North Raleigh will close September 14. All employees will be offered positions at other area Lowes stores, the company said Thursday.

After the closings, Lowes Foods will have 11 stores in Garner, Cary, Raleigh, Clayton and Apex.

Earlier this month Florida-based Publix announced plans to build a store in the Bradford shopping center, a retail and residential development under construction at the corner of Davis Drive and High House Road. The store is expected to open by late 2014.

The Lowes Foods store in the Cornerstone Village shopping center is within a half-mile of the Publix site. There are also five other stores selling groceries within a 2-mile radius of Bradford, making that area of west Cary among the most competitive in the Triangle.

Lowes Foods is fifth in terms of market share in Franklin, Johnston and Wake counties, with 6.4 percent, according to data from Chain Store Guide. Walmart was the leader, with nearly 24 percent market share, followed by Food Lion (20.2 percent), Harris Teeter (16.4 percent) and Kroger (6.4 percent).

Bracken: 919-829-4548

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