In the opening keynote address kicking off the virtual Chapter 1 of the National Retail Federation Big Show, Mike George, president and CEO of Qurate Retail Group and NRF chairman, spotlighted how the retail sector reacted to the COVID-19 pandemic and social turbulence over the past year, emphasizing how the industry worked to improve conditions in communities around the United States.
In a rapidly evolving marketplace, Greentouch Home has established the ED Ellen DeGeneres line of bathroom furnishings in a joint venture partnership as it works with popular brands to drive sales and support business expansion.
Lowe’s and Handy have formed a nationwide partnership to offer Lowe’s customers on-demand home services right at checkout.
Lowe’s, in hosting a virtual investor update, has unveiled a new strategy to grow market share. Building on its strong execution of its retail fundamentals strategy, the company will be introducing the Total Home strategy to further accelerate market share gains.
The Spruce, a Dotdash media brand, has rolled out a new organization product line, The Spruce Organization Collection. Developed by The Spruce editorial team and iDesign in partnership with Lowe’s, the line of containers and bins was created for those looking for uncomplicated organization solutions to maximize use of space at home.
Lowe’s strengthened its market position in a solid third quarter, as the home improvement retailer continued to invest in its omnichannel, employee and store initiatives.
The coronavirus pandemic gave home centers/home improvement retailers an essential retailer designation in the U.S., and Lowe’s benefited from that status, substantially growing its store traffic, market share and sales as consumers looked to the retailer for their do-it-yourself and home improvement needs.
After media speculation on the subject, Lowe’s has issued a statement in response to reports about a possible acquisition of HD Supply.
Lowe’s said it will hire 20,000 associates across its U.S. stores and regional distribution centers to support customer demand this holiday season and beyond.
Lowe’s said it is giving new meaning to the holiday shopping season by inspiring customers to gift back to the place that has meant so much this year: home.
Lowe’s will provide an additional $100 million in discretionary bonuses to recognize front-line hourly associates for their continued service and support of their communities, bringing the company’s total commitment to associates and communities during the pandemic to more than $775 million.
To continue to improve the contactless delivery experience for customers who are increasingly shopping online, Lowe’s plans to install pickup lockers at all U.S. stores by the end of March 2021.
Lowe’s is unveiling the first-ever Lowe’s “Home Team,” a group of current NFL players representing every team in the league, coming together to unite fans around connection and community this football season.
To meet the latest 2020 disaster-related needs, Lowe’s is donating $1 million to support disaster relief efforts for Hurricane Laura, California wildfires and the Iowa derecho.
Marvin Ellison took the president and CEO role at Lowe’s two years ago and, at the same time, joined the company’s board of directors. He moved to Lowe’s from J.C. Penney, where he served as president and chairman of the board.
At a time when home has become the new epicenter of personal style, Lowe’s and New York Fashion Week: The Shows have come together to reimagine one of fashion’s most iconic moments, transporting high fashion from the runway to the home.
A strong do-it-yourself consumer market supported Lowe’s during a robust second quarter.
As part of its supply chain network expansion, Lowe’s will open a West Coast e-commerce fulfillment center in Mira Loma, California, in October 2020, which will offer faster shipping options direct to consumer.
Lowe’s will provide an additional $100 million in bonuses to assist associates with unforeseen expenses and hardships, increasing the company’s total commitment to associates and communities during the pandemic to nearly $600 million.
Both The Home Depot and Lowe’s are the latest retailers instituting face mask requirements in stores due to the spread of the coronavirus.