Home improvement chain Lowe’s achieved $27.3 billion in second-quarter 2020 sales, up 30 percent from the same period in 2019, the company reports. Lowe’s net earnings for the quarter were $2.8 billion, a 64 percent increase sales in the same …
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Big-box home improvement chain Home Depot has released its second-quarter 2020 financial results, achieving net sales of $38.1 billion. This figure marks a 23 percent increase over the same period in 2019 and a 34 percent increase over first-quarter 2020 …
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Big-box retail chain Lowe’s is planning an update to its supply chain in an effort to bolster home delivery services for pro and DIY customers. Over the next 18 months, Lowe’s plans to open 50 cross dock delivery terminals, seven …
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Walmart is cutting hundreds of corporate positions as it merges its online and store businesses in the U.S., reports CNBC. The big-box retail chain has not disclosed how many corporate positions will be affected by the cuts, but the eliminated …
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Lowe’s and home improvement website HomeAdvisor are teaming up on a new program aimed at getting professional builders and home services providers direct leads. Under the arrangement, members of the Lowe’s for Pros Loyalty Program will receive a free, yearlong …
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Big-box home improvement chain Tractor Supply Co. announced its second-quarter 2020 financial results, reporting record sales and earnings. In total, the company’s net sales for the second quarter of the year hit $3.2 billion, a 35 percent increase over the …
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Lowe’s president and CEO Marvin Ellison recently discussed how the big-box home improvement chain is adapting to serve customers during COVID-19, prioritize shopper safety and respond to nationwide social movements. Ellison was the latest guest in the National Retail Federation‘s …
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According to a recent survey from the Home Improvement Research Institute, 44 percent of appliance purchases went to big-box stores when they were in the market for a new large appliance. While those sales represent a significant segment of the …
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