Vikram Singh will serve as Lowe’s Cos. Inc.’s senior vice president and its first chief digital officer, the company states in a press release. The chief digital officer will “accelerate Lowe’s digital evolution and drive a holistic integrated strategy to …
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Lowe’s Appoints New Chief Operating Officer
Lowe’s Cos. Inc. has announced that Richard D. Maltsbarger, Lowe’s chief development officer and president, international, has been named the company’s chief operating officer (COO), effective Feb. 3, 2018. Maltsbarger will succeed Rick D. Damron, who has served in the …
Read More »Better Than 2016: Lowe’s Sales Hit $16B in Q3
2017 is shaping up to be a better year than 2016 for Lowe’s, with sales and earnings increasing in its first nine months, including in the third quarter. Net earnings for the first three quarters were $2.9 billion, versus $2.4 …
Read More »Lowe’s Puts ‘Lab-Like’ Smart Home Centers in 70 Stores
As consumers become more tech savvy and connected than ever before, retailers like Lowe’s are offering smart home products to meet evolving consumer needs. To help integrate these products and connected systems into customers’ everyday lives, Lowe’s has launched a store-within-a-store smart home concept inside …
Read More »Craftsman Products Coming to Lowe’s in 2018
Craftsman products will be available in Lowe’s stores and on the retailer’s website in the second half of 2018, the big-box home improvement retailer reports. “With the introduction of Craftsman, customers will have access to some of the highest quality, innovative …
Read More »Lowe’s, Home Depot Open Warehouses in Hurricane-Affected Houston
Big-box home improvement retailers Lowe’s and The Home Depot each recently opened warehouses in the Houston area to help meet demand for building materials following Hurricane Harvey, reports the Houston Chronicle. According to the newspaper, Lowe’s signed a lease on a 244,000-square-foot …
Read More »Lowe’s New Supply Chain Exec Comes From Omnichannel Retailer
Lowe’s announced the addition of Michael West as its senior vice president of supply chain field operations, the Charlotte Business Journal reports. West joined the home improvement retailer from his previous post at Neiman Marcus, a high-end omnichannel department store. …
Read More »Lowe’s to Increase Workers’ Hours to Keep Q2 Momentum
In its second-quarter financial results released Wednesday, Lowe’s announced that it will increase “customer-facing hours” to continue its upward trend in comparable store sales, according to the company. “Lowe’s hopes to ride the wave of stronger shopper traffic with the investment …
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