{"id":412253,"date":"2026-08-20T21:56:09","date_gmt":"2026-08-20T21:56:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/412253\/"},"modified":"2026-08-20T21:56:09","modified_gmt":"2026-08-20T21:56:09","slug":"lowes-to-open-its-first-store-in-converse-next-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/412253\/","title":{"rendered":"Lowe\u2019s to open its first store in Converse next year"},"content":{"rendered":"

Lowe\u2019s<\/a> is opening its first store in Converse next year.\u00a0<\/p>\n

The North Carolina-based home improvement company plans to build an estimated $10.5 million location at the corner of East Loop 1604 North and Coppergate near Joint Base San Antonio-Randolph, according to\u00a0a filing<\/a> with the Texas Department of Licensing and Regulation. Construction on the 107,136-square-foot store is expected to begin in January and be completed by October next year.\u00a0<\/p>\n

Details in state filings are preliminary and subject to change without notice.<\/p>\n

Lowe\u2019s new site will be located 2.5 miles up the road from H-E-B\u2019s upcoming store<\/a> at the intersection of Interstate 10 and Loop 1604 in Schertz. The grocer plans to open its 125,000-square-foot location later this year<\/a>.<\/p>\n

In its second-quarter earnings report<\/a>, Lowe\u2019s said sales increased 8.3% to $26 billion from $24 billion a year earlier. The company attributed the growth to online sales, up 15.7%, and strong performance from professional customers and home services, partially offset by continued weakness in DIY spending. Net earnings were essentially flat at $2.4 billion.<\/p>\n

\u201cCustomers continue to tell us that they\u2019re being cautious about their spending and prioritizing where and when they invest in their homes,\u201d Lowe\u2019s Chairman and CEO Marvin Ellison said during Wednesday\u2019s call. \u201cAs a result, discretionary DIY demand remains under pressure.\u201d<\/p>\n

After the Supreme Court ruled President Donald Trump\u2019s 2025 import tariffs unconstitutional in February<\/a>, Lowe\u2019s said it used\u00a0its $80 million in tariff refunds to protect\u00a0its profit margins and cover rising operational costs.<\/p>\n

Other retailers, including Walmart and its rival Home Depot, have committed their refunds to lower prices for customers or cover the costs of products already sold.\u00a0<\/p>\n

\u201cDespite the heightened competitive landscape as competitors used tariff refunds to lower prices later in the quarter, we are encouraged by the continued momentum in our Total Home strategy<\/a>,\u201d Ellison said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Lowe\u2019s is opening its first store in Converse next year.\u00a0 The North Carolina-based home improvement company plans to…\n","protected":false},"author":2,"featured_media":412254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[82,84,83],"class_list":["post-412253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio","tag-san-antonio","tag-san-antonio-headlines","tag-san-antonio-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/412253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=412253"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/412253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/412254"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=412253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=412253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=412253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}