Lowe’s is requiring its salaried managers and assistant managers to sign binding arbitration agreements or possibly lose their bonuses, the HuffPost reports. The contract prevents employees from pursuing legal action against the big-box retailer in court or joining any class-action lawsuits …
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Lowe’s Companies, Inc. announced June 4 that chief financial officer Marshall Croom plans to retire from the company Oct. 5. Croom took the job of CFO in March 2017, replacing Robert F. Hull Jr. in the position when Hull retired. Croom …
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Lowe’s has committed to stop selling paint solvents containing chemicals linked to “dozens of accidental deaths,” The New York Times reports. The company announced May 29 that, by the end of 2018, it would no longer sell paint strippers with methylene chloride …
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The June issue of Hardware Retailing takes a closer look at smart home technology as it relates to plumbing products. However, smart home technology can be found in several categories within the home improvement industry. As more consumers are adopting …
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Lowe’s released its first-quarter 2018 financial results on May 23, reporting net earnings of $988 million. The company released this information the day after naming Marvin Ellison as the new president and CEO of Lowe’s, effective July 2. The quarterly results represent …
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Lowe’s has named Marvin Ellison, former chairman and current CEO of J.C. Penney Co., as president and CEO, effective July 2. In March, Lowe’s announced a search for a new chief executive to replace retiring chairman, president and CEO Robert …
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The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure …
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A big change is coming to the Lowe’s Cos. leadership team—longtime chairman, president and CEO Robert A. Niblock plans to retire. Today, the 25-year veteran of the big-box company announced his retirement, according to a press release from Lowe’s. The …
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