A revolutionary idea that came to a couple of Lowe’s stores earlier this year is spreading to a few more locations, and it will come with some new features, too. This past spring, Lowe’s partnered with Microsoft to pilot the …
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Lowe’s Australia Operations Wind Down, Despite Court Fight
Australian company Woolworths is selling off segments of its failed joint venture with Lowe’s in Australia, and a court has ruled against Lowe’s request to have a court-ordered outsider handle the liquidation. The joint venture has steadily lost money, and Lowe’s announced Jan. 18 that it was …
Read More »Lowe’s Vies for Transparency About Sale of Australian Venture
Lowe’s is asking a federal court to require Woolworths to be transparent about how it is selling the assets of their joint venture in Australia. Woolworths, Lowe’s business partner in Australia, is rushing to sell properties and masses of product before closing dozens of their Masters Home …
Read More »Walmart Canada and Visa Conflict Continues
Customers shopping at Walmart Canada stores in the Manitoba province will soon see change in payment options. Visa credit cards will no longer be accepted at the 16 locations. The boycott officially begins Oct. 24. Walmart spokesman Randy Hargrove announced the big-box’s decision, stating …
Read More »J.C. Penney CEO Learned From Home Depot
Former Home Depot executive Marvin Ellison is leading J.C. Penney’s turnaround, and the strategies he’s using look like lessons he learned from the home improvement giant. And it’s working. The store’s stock is up 50 percent; the company is paying off debt; and it expects to …
Read More »Amazon’s New Delivery Fleet vs. UPS, FedEx
Amazon has rapidly amassed its own delivery fleet of trucks and cargo planes, now competing with the companies that used to deliver millions of its boxes. As of August, the e-commerce retailer now owns 4,000 truck trailers and leases 40 jets, according …
Read More »Lowe’s Introduces LoweBot, the Customer Service Robot
Lowe’s is adding more robots to its staff roster. The company plans to start using robots on the sales floors of multiple California stores this fall. The big-box retailer will be introducing LoweBot, a NAVii autonomous retail service robot by Fellow Robots, at 11 Lowe’s …
Read More »Lowe’s and Amazon Partner on Smart Home Technology
Retail competitors Lowe’s and Amazon are joining forces to make their technology work together in smart homes. The incompatibility of different brands of devices has hindered the smart home market, but Amazon and Lowe’s are integrating their products so their brands can work together in …
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