Tag Archives: Lowe’s

Lowe’s Q3 Net Climbs 17.2 Percent


MOORESVILLE, N.C.-A gain in sales and a watchful eye on expenses helped Lowe’s to a 17.2 percent increase in third-quarter net income, which totaled $585 million. Net sales in the quarter, which ended on Oct. 31, were $13.7 billion, up 5.6 percent and including a pickup of 5.1 percent in same-store sales. “Our employees’ unwaveringMore »

Last updated: November 19, 2014

Lowe’s to Open First Manhattan Stores


MOORESVILLE, N.C.-Lowe’s will open its first two stores in Manhattan in the second half of next year. The stores will be located at 2008 Broadway, on the corner of West 68th Street; and 635 Sixth Avenue, at the corner of West 19th Street. Each store will measure about 30,000 square feet and will “offer productsMore »

Last updated: October 28, 2014

AHAM Unveils Sustainability Standard for Small Appliances, Floor-Care Products


WASHINGTON-The Association of Home Appliance Manufacturers (AHAM), in partnership with CSA Group and UL Environment, has released a sustainability standard for small appliances and floor-care products. Titled “AHAM 7002-2014/CSA SPE-7002-14/UL 7002, Sustainability Standard for Household Portable and Floor Care Appliances,” the new standard is the first voluntary standard for these appliances, according to an AHAMMore »

Last updated: August 27, 2014

Lowe’s Q2 Net Up 10.4 Percent


MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

Last updated: August 20, 2014

Lowe’s to Open Customer Support Center


MOORESVILLE, N.C.-Lowe’s will locate a new customer support center in Indianapolis, investing $20.5 million in purchasing, renovating and equipping the facility. Measuring 140,000 square feet, the new center will support both stores and Internet sales, delivery services and repair services for Lowe’s customers across the nation. It is expected to be in operation in theMore »

Last updated: July 22, 2014

Sourcing in São Paulo: The Brazilian Buyer Project


By Allison Zisko Over the course of two days in early May, 51 Brazilian housewares manufacturers descended on a hotel conference room in São Paulo, Brazil, lugging suitcases filled with plastic and glass and metal goods, armed with the optimism of traveling salesmen. They set their sights on 12 international buying companies from seven countries,More »

Last updated: July 1, 2014

Lowe’s Ups Ramsay to IT Chief

Paul Ramsay

MOORESVILLE, N.C.-Paul Ramsay, acting chief information officer for Lowe’s, has been promoted to permanent chief information officer. Ramsay has been acting chief information officer since March. He is responsible for the day-to-day operations of Lowe’s IT organization, including the development of a technology portfolio that supports the operations of the company’s stores, distribution network, e-commerceMore »

Last updated: June 10, 2014

Lowe’s Q1 Net Up 15.6 Percent


MOORESVILLE, N.C.-Solid sales of indoor products and improved margins helped firm Lowe’s bottom line to the tune of 15.6 percent, to $624 million in net income for the quarter ending on May 2. Net sales were up 2.4 percent to $13.4 billion, including a same-store sales gain of 0.9 percent. Robert Niblock, Lowe’s chairman, presidentMore »

Last updated: May 21, 2014