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Tag Archives: Marvin Ellison

Lowe’s Focuses on Capturing Market Share

lowe's 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 …

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Lowe’s Records $22.3B in Q3 2020 Sales

lowe's q3 2020

Big-box home improvement chain Lowe’s has announced its third-quarter 2020 financial results, reporting $22.3 billion in sales for the quarter, about 28 percent higher than in the same period in 2019. Net earnings for Lowe’s amounted to $692 million, down …

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Walmart U.S. CEO on Meeting New Shopper Needs

walmart

The National Retail Federation (NRF) recently hosted a webinar with Walmart U.S. president and CEO John Furner to learn how the company had pivoted during COVID-19 to ensure staff and shopper safety. In August, the company announced its second-quarter financial …

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Analyzing Big-Box Q2 Performance

big-box q2 2020

In the past month, Home Depot, Lowe’s and Tractor Supply have all announced their second-quarter 2020 financial results. For all companies, sales in this period coincided with massive disruptions caused by COVID-19. Even amid retail volatility, the second-quarter 2020 financial …

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Lowe’s Reports $27.3B in Q2 Sales

Lowe's

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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Expert: Lowe’s Is Solid, but Was Slower to Invest in Changes

Lowe's hardware store front

Warren Shoulberg is a retail industry observer and a contributing writer to a variety of business publications, including Forbes. He spoke with Hardware Retailing about Lowe’s position in the home improvement industry and the opportunities the big-box retailer has. For a comprehensive …

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Lowe’s CEO Discusses Changing Retail Landscape

marvin ellison

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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Lowe’s Q1 2020 Sales Rise 11%

lowe's

Big-box home improvement chain Lowe’s has announced net sales of $19.7 billion in the first quarter of 2020, an 11.3 percent increase over the same period in 2019. Sales grew more than 23 percent over results from the fourth quarter …

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