Lowe's Stores To Reportedly Stay Shut On Easter: Retail Sentiment Dips Slightly

Lowe's Companies, Inc. (LOW) will keep its stores closed on the April 20 Easter holiday, Fox 5 reported on Monday.

Lowe's reportedly joins major retailers like Target Corp (TGT), Costco Wholesale (COST), Sam's Club, Best Buy (BBY), and Aldi in closing their stores for a full 24-hour period on that Sunday.

"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," Chairman and CEO Marvin Ellison was quoted as saying by Fox 5.

Lowe's is a major American retail company specializing in home improvement products and services, including hardware and tools, appliances, building materials, and paint.

It runs over 1,700 stores nationwide, with a significant presence in Texas and Florida.

Lowe's Easter Day shutdown was one of the top Google queries in the United States as of writing, according to Google data.

However, on Stocktwits, retail sentiment for the company's shares dropped to 'bullish' from 'extremely bullish' as of early Tuesday. Message volume held high.

A user said they would buy if the shares dip, on the assumption of gains from strong growth in contractor sales, and the company's push to sell through online channels.

In February, the company gave a subdued annual sales and profit forecast, signaling persisting weak demand in the home improvement space.

Shares of LOW are down 12% year to date.

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