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Lowe’s Executive Named as New Orchard Supply CEO

Orchard Supply Hardware

The U.S. Bankruptcy Court for the District of Delaware recently approved Lowe’s acquisition of the majority of assets of Orchard Supply Hardware. Upon the transaction’s closing, Richard D. Maltsbarger, a Lowe’s executive who led the team to acquire Orchard, will …

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Existing-Home Sales Up in July

Existing-home sales jumped in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors® (NAR). Total existing-home sales increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised …

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Lowe’s Comp-Store Sales Up 9.6% in Second Quarter

Lowe's Canada

Increased demand for home improvement products led Lowe’s to a jump in comparable-store sales in the second quarter, the company reported. Its comparable-store sales for the quarter increased 9.6 percent; over the past six months, comparable-store sales grew by 4.6 …

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