Lowes plans to spend $7 billion on its stores in 2019, and analysts believe the loss could be as high as $25 billion.
The retailer, which has been battered by the decline of the oil and gas industry and the impact of the Zika virus, is still struggling to maintain a steady profit and will have to cut staff in order to stay afloat.
In its most recent earnings report, the company said that it would spend $1.5bn in 2019 to offset any losses.
Lowe’s has a $30 billion valuation, according to Forbes, and is on track to post a loss of more than $1 billion in 2019.
Lowe�s stock is down about 10% this year, and its shares have fallen over 15% since the beginning of the year.
Lowes is also struggling to keep its prices down in the wake of the flu pandemic, as well as other factors like the loss of the popular pet store chain, PetSmart.
Lowe has also faced increasing competition from Walmart, which is spending more on new stores.
In 2019, Lowe�d announced it will open three new stores in China, a sign of the company�s efforts to regain some ground against Walmart.
