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Tag Archives: Marvin Ellison

Big Boxes Announce Latest Financial Results

q1 2019 financial results

Big-box retailers Home Depot and Lowe’s both announced their financial results for the fourth quarter of 2018. Check out the links below to learn more about the companies’ financials and what their respective CEOs had to say about business going …

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Lowe’s Announces Q4 2018 Financial Results

lowe's

In its fourth-quarter 2018 financial results, big-box retailer Lowe’s reports a net loss of $824 million. This figure is in contrast to net earnings of $554 million during the same period in 2017. Sales for the fourth quarter came to …

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Lowe’s CEO Sees a Millennial Opportunity

millennial

In recent years, millennial consumers (shoppers born between 1981 and 1996) have been accused of “killing” industries that once thrived with support from different consumer generations. Speaking at the National Retail Federation’s NRF 2019: Retail’s Big Show, Lowe’s president and …

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Big Boxes Seek to Improve Customer Experience

customer experience

Big-box retailers Home Depot and Lowe’s are both aiming to improve their overall customer experience in 2019, according to separate reports. Home Depot is in the process of uniting its online and offline operations, a move that could change the …

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Lowe’s Plans to Hire More Than 65,000 Workers in 2019

lowe's

Lowe’s has announced plans to hire more than 65,000 employees in 2019. In a press release, the company says the new hiring initiative will enable it to “improve customer service and product availability.” More than 50,000 of these hires will …

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Lowe’s and Home Depot’s Differences Began Early

lowe's and home depot

Home Depot is about 30 years younger than Lowe’s, but is now by far the home improvement industry leader in overall sales. Speaking to Seth Basham, managing director of equity research at Wedbush Securities, Business Insider outlines key differences between …

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Lowe’s Plans to Close 51 Stores, Names New CIO

lowe's

Lowe’s has announced it plans to close 51 “underperforming store locations as part of its ongoing strategic reassessment,” the company reported in a press release. Twenty of those locations will be in the U.S., and 31 will be in Canada, …

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Lowe’s CEO Visits Stores, Details Improvements

Lowe's CEO

Speaking at a dedication event for Charlotte Hornets-themed basketball courts, Lowe’s CEO and president Marvin R. Ellison outlined what’s in store for the company in the months ahead, according to the Charlotte Business Journal. In late August, Lowe’s announced the …

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