Lowe’s U.S. home improvement stores progressed in the third quarter, while the retailer said it is undertaking a strategic review to improve its Canadian operations.
Lowe’s recently made a $1 million commitment to support disaster relief efforts for associates, customers and communities in direct response to Hurricane Dorian’s impact along the U.S. coast and the Bahamas.
This is the ninth installment of a special series, presented by the National Hardware Show, exploring key trends and developments driving the growth of housewares and home goods in the home improvement retail business.
The home improvement retail sector has demonstrated it is well equipped to overcome retail market disruption, including e-commerce pressure and worries of looming economic slowdowns.
Lowe’s asserted that its transformation plan is on track, as it registered a solid second quarter with a rise in both earnings and comparable store sales.
Lowe’s is partnering with the National Football League and will carry more than 10,000 licensed NFL-branded items online that are positioned at fans who are tailgating or watching games at home.
Lowe’s has selected Charlotte, NC, as the future home of its new global technology center that will ultimately be home to up to 2,000 technology professionals.
Consumers kept coming to Lowe’s in the first quarter as the home improvement retailer reported an increase in comparable store sales for the three months ended May 3.
Lowe’s is accelerating its technology capabilities and focus on driving strong retail fundamentals by acquiring the Retail Analytics platform from Boomerang Commerce.
The 2019 National Hardware Show in Las Vegas (May 7-9) marks the 14th year for HomeWorld Business as the show’s official housewares publication. The partnership reflects the commitment by the show to keep housewares in the home improvement retailing spotlight.
More than 60 organizations have developed and launched ‘Generation T,’ a movement intended to help fill the skilled trade gap that analysts predict will leave three million jobs open by 2028. The initiative is led by home improvement retailer Lowe’s.
Lowe’s reported a net loss in a fourth quarter hit by pre-tax charges as the home improvement retailer progressed with its business transformation initiatives.
As the busiest season for home improvement projects approaches, Lowe’s will host its second annual National Hiring Day to hire more than 50,000 full-time, part-time and seasonal associates across its more than 1,700 U.S. stores.
Lowe’s and the National Football League have formed a new partnership. Lowe’s is now the Official Home Improvement Retail Sponsor of the NFL.
Lowe’s plans to hire more than 65,000 associates this year to improve customer service and product availability. The move is said to support the growth strategy recently announced by the company’s leadership.
Lowe’s recently discussed its strategic priorities and near- and long-term financial targets at its 2018 analyst and investor conference.
Lowe’s has opened a new direct fulfillment center in Coopertown, just outside of Nashville, TN.
Lowe’s is continuing to undergo cost cutting moves under new CEO Marvin Ellison as it positions itself to focus on its core home improvement business.
Lowe’s recently appointed Seemantini Godbole as chief information officer. Godbole previously served as senior vice president, digital and marketing technology, at Target.
The reconstitution of the Lowe’s Cos. continues under recently appointed chairman and CEO Marvin Ellison as the company announced it would close 51 underperforming operations in the United States and Canada.
Lowe’s has committed $2 million to support relief efforts for associates, customers and communities in response to Hurricane Florence’s impact on the Southeast.