Lowes Foods announced Thursday that it will close two stores in the Triangle.
The two stores -- one at 1961 High House Road in Cary's Cornerstone Village and the other at Raleigh's Capitol Crossings center at 2900 East Millbrook Road, will close Sept. 14, according to a press release on the Lowes Foods website.
News of the closings comes in the wake of two major developments in the highly competitive grocery business in the Triangle.
Two weeks ago, Florida-based Publix Supermarkets said it plans to build a store at Davis Drive and High House Road in Cary, just two blocks from the Lowes Foods store now slated for closing.
And just two weeks before the Publix announcement, Cincinnati-based Kroger made big news by announcing its intention to purchase the Harris Teeter chain. That deal is expected to close later this year.
Employees at the closing Lowes Foods' stores will be offered jobs at other stores, the company said. Lowes Foods has 11 other stores in the Triangle in Garner, Cary, Raleigh, Clayton and Apex.
Markdowns at both stores will begin Friday and follow this schedule:
Friday, Aug. 16: 10 percent off all dairy, grocery and frozen items
Friday, Aug. 23: 25 percent off all dairy, grocery and frozen items
Friday, Sept. 6: 40 percent off all dairy, grocery and frozen items
Friday, Sept 6: 25 percent off all fresh items