According to the National Retail Federation (NRF) and Happy Returns 2024 Customer Returns in the Retail Industry Report, retailers estimated that 16.9% of their annual sales in 2024 were returned, making customer returns a headache for many retailers, regardless of …
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Lowe’s Reveals 2025 Hometowns Initiative Projects
Lowe’s recently revealed the 2025 Lowe’s Hometowns projects, 100 community-nominated, large-scale renovations aimed at revitalizing nonprofit and community spaces. “At Lowe’s, we believe we have a fundamental responsibility to improve the places we all call home,” says Marvin Ellison, Lowe’s …
Read More »Lowe’s Announces Creator Network, MrBeast Partnership
Lowe’s announced the launch of its home improvement creator network, designed for DIY creators and built for creators of all sizes. The Lowe’s Creator Network helps creators share project-driven stories that build affinity for their own brand and for Lowe’s. …
Read More »Lowe’s Completes Acquisition of Artisan Design Group
Lowe’s announced it has completed its acquisition of Artisan Design Group (ADG), a nationwide provider of design, distribution and installation services for interior surface finishes to home builders and property managers. “We are pleased to complete this transaction and officially …
Read More »Q1 2025 Financials Round-Up
During the first quarter of 2025, big-box home improvement retailers Lowe’s, Home Depot and Tractor Supply Company saw year-over-year increases in net sales but declines in net earnings. See the round-up and side-by-side comparisons below and read the full stories …
Read More »Lowe’s Expands Online Marketplace With New Partnership
Lowe’s is bringing its customers more options than ever through its new online marketplace, launched in December 2024. Now, Lowe’s is accelerating the growth of its marketplace with a partnership with Mirakl, a global marketplace technology company. Through this partnership, …
Read More »Lowe’s Reports 1.04% Decrease in Total Sales for Q1 2025
Lowe’s reported its Q1 2025 financials, marking $20.9 billion in total sales, a 1.04% decrease year over year. Comparable store sales for the quarter decreased 1.7% as unfavorable weather early in the quarter was offset by mid-single-digit pro and online …
Read More »J.D. Power Study Reports Increased Home Improvement Retailer Shopper Satisfaction
J.D. Power released its 2025 U.S. Home Improvement Retailer Satisfaction Study, measuring key drivers of satisfaction among customers who purchased home improvement-related products from a home improvement retailer. The study noted 64% of home improvement retailer shoppers would definitely shop …
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