Drew Jacksich Wrote:
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> I would think it would depend on how committed
> Lowe's is to maintaining OSH's identity and if
> there is anyone interested in trains in Lowe's
> upper echalons.
According to the press release about the acquisition on Sept. 5, 2013:
OSH's stores will be allowed to retain its brand name, management team and employees and will operate as a standalone business. Lowe's management thinks that OSH's business has the potential to grow and high debt is the only major factor inhibiting its viability. The OSH stores are known for providing an intimate feel to consumers so Lowe's is probably keen to avoid tinkering too much with their operations.
Read more: [
www.nasdaq.com]
The OSH calendars have survived ownership by W.R. Grace, Wickes, the employees, Sears and etc etc so we can only hope they will survive this latest change.
C.