Lowe’s hosted its 2024 Analyst and Investor Conference, where it provided an update on its key growth and productivity initiatives, as well as short-term and long-term financial targets. “As we look ahead to the expected recovery in home improvement, we …
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See How the Big Boxes Fared in Q3 2024
Multiple big-box retailers, along with Ace Hardware, recently released their third quarter financials for 2024. Hardware Retailing has gathered the data and compiled a list of the most important data to show how big-box retailers fared in Q3. Ace Hardware …
Read More »Big-Box Retailers Adjust Store Hours for the Holidays
As over 180 million people are planning their in-store shopping during the Thanksgiving holiday weekend, some big-box retailers have changed their store hours, causing confusing for some shoppers. Hardware Retailing has compiled a list of some of the nation’s largest …
Read More »Lowe’s Total Sales, Comparable Sales Down in Q3 2024
Lowe’s Companies released its third quarter financial results, posting $20.2 billion in total sales, compared to $20.5 billion in Q3 2023. Comparable sales for the quarter decreased 1.1%, driven by continued softness in DIY large-ticket discretionary demand, which was offset …
Read More »Lowe’s New Digital Home Platform Launches for MyLowe’s Rewards Members
Lowe’s recently introduced its new Digital Home Platform, a program providing personalized information to homeowners about home appliances, to members of the MyLowe’s Rewards program. The platform includes how-to content, warranties, manuals, replacement parts and recommended subscriptions for customer’s home …
Read More »Lowe’s Adjusts Year-End Projections Down in Q2 Report
Lowe’s Companies Inc. today reported net earnings of $2.4 billion for the second quarter ended Aug. 2, with total sales for the quarter down 5.6% year over year to $23.6 billion. Comparable sales for the quarter decreased 5.1% driven by …
Read More »8 Home Improvement Companies Make NRF’s 2024 List of Top 100 Retailers
The National Retail Federation (NRF) released its annual list of the Top 100 Retailers. The 2024 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. The list was compiled by Kantar, a global marketing data, insight and …
Read More »DoorDash Announces Partnership With Lowe’s
Marking its first foray into the home improvement category, DoorDash will be partnering with Lowe’s Cos. to offer on-demand delivery from over 1,700 stores nationwide. “We’re excited to welcome Lowe’s to DoorDash as our first national home improvement retailer,” says …
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