Lowes Foods Parent Company Closing Several Supermarkets in Carolinas
Alex Lee, the parent company of Lowes Foods, is making significant changes to its store portfolio, including the closure of three stores by the end of August. The affected locations are Lowes Foods on Pine Grove Drive in Wilmington, N.C., and at Cornerstone Commons in Raleigh, along with Kj’s Market on U.S. Highway 52 in Moncks Corner, S.C. Tim Lowe, the head of retail for Alex Lee, stated, “We are working closely with store hosts who work at the three stores slated to close to offer them positions at other stores where possible.”
These store closures are part of a strategic shift aimed at reinvesting in the business. Alex Lee is focusing on launching new locations and remodeling existing stores. A new Lowes Foods is set to open in Aiken, S.C., on July 25, with additional stores planned in Concord, Kannapolis, Waxhaw, N.C., and Indian Land and Lexington, S.C. Moreover, Alex Lee is expanding into Georgia with its inaugural store at Marble Hill.
Recent renovations at Kj’s Markets in Florence, S.C., illustrate Alex Lee’s commitment to enhancing the shopping experience. Lowe expressed optimism about the future of Lowes Foods and Kj’s Market, emphasizing the ongoing investment for growth.
With ongoing expansion efforts, Alex Lee continues to position itself strategically within the grocery sector. The company ranks No. 67 on Progressive Grocer’s 2024 list of leading food retailers in North America, underscoring its impact in the Southeastern U.S.
