Hardware Retailing The Industry's Source for Insights and Information
Marvin Ellison, Lowe’s president and CEO, has added an additional role to his job duties and will now also serve as the chairman of the board. Ellison, who joined the company in July 2018 as president, chief executive officer and …
Read More »Tag Archives: Lowe’s
Home Depot, Lowe’s Announce Q1 2021 Sales Results
A new article from The Wall Street Journal explores the heights home improvement has reached since the start of the COVID-19 pandemic. Both Home Depot and Lowe’s posted their second-highest sales figures since the start of 2020, demonstrating ongoing home …
Read More »What Big-Box Home Improvement Chains Are Prioritizing
Big-box home improvement chains are taking unique approaches to gaining customers in the early days of the busy spring selling season. Explore how Home Depot, Lowe’s and Tractor Supply are launching new initiatives to boost sales. Home Depot: Opening New …
Read More »Inside Big Boxes’ Fiscal Year 2020 Sales Results
2020 was a year of sales momentum for the home improvement market. As COVID-19 forced millions of people across the world to stay at home, they begin to see new potential for their living spaces and finally had the time …
Read More »Lowe’s Reports $89B in 2020 Sales
Home improvement chain Lowe’s has announced its fourth-quarter and fiscal year 2020 financial results, revealing more than $89 billion in sales throughout a year marked by strong DIY spending. In total, Lowe’s reports fourth-quarter net sales of $20.3 billion, up …
Read More »Lowe’s Plans to Hire 50,000 Employees for Spring
Lowe’s has announced plans to hire roughly 50,000 frontline associates across its U.S. stores this spring. The company says the 50,000 new hires will fulfill both seasonal and full-time roles at its stores ahead of the busiest home improvement selling …
Read More »Lowe’s Focuses on Capturing Market Share
After announcing $22.3 billion in third-quarter sales, Lowe’s will now focus on capturing market share from home improvement rivals, reports CNBC. The company reiterated its financial outlook, saying it expects sales to grow by about 22 percent this year. Same-store …
Read More »Explore Q3 2020 Big-Box Financial Results
In the past month, Home Depot, Lowe’s and Tractor Supply have all announced their third-quarter 2020 financial results. For all companies, sales in this period coincided with massive disruptions caused by COVID-19. Even amid retail volatility, the third-quarter 2020 financial …
Read More »