Content about Lowe's

August 20, 2014

Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather.

Mooresville, N.C. -- Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather. But the chain lowered its full-year revenue outlook slightly, citing its year-to-date sales and prior assumptions for the second half.

For the three months ended Aug. 1, Lowe's Cos. earned $1.04 billion, up from $941 million in the prior year.

Revenue increased 6% to $16.6 billion, topping Wall Street's estimates.

Same-store sales were up 4.4%.

August 20, 2014

Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather.

Mooresville, N.C. -- Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather. But the chain lowered its full-year revenue outlook slightly, citing its year-to-date sales and prior assumptions for the second half.

For the three months ended Aug. 1, Lowe's Cos. earned $1.04 billion, up from $941 million in the prior year.

Revenue increased 6% to $16.6 billion, topping Wall Street's estimates.

Same-store sales were up 4.4%.

July 29, 2014

Lowe’s has launched ProExpress, an on-demand delivery service for professional customers.

Mooresville, N.C. – Lowe’s has launched ProExpress, an on-demand delivery service for professional customers. Since April 2014, light-duty trucks have made thousands of deliveries directly to business sites to meet a wide range of needs.

Through the program, Lowe's has helped pros by fulfilling emergency orders such as smoke detectors to pass an inspection, or shingles to complete a job before a damaging storm. The ProExpress trucks also regularly visit businesses to restock shelves with cleaning and maintenance supplies. 

July 22, 2014

Lowe's announced plans to locate a customer support center in Indianapolis, creating up to 1,000 new jobs by 2016.

MOORESVILLE, N.C. -- Lowe's announced plans to locate a customer support center in Indianapolis, creating up to 1,000 new jobs by 2016.

The retailer plans to invest $20.5 million to purchase, renovate and equip a 140,000-sq.-ft. office facility at Intech Park 12, 6620 Network Way, on the northwest side of Indianapolis. The new center will support stores and internet sales, delivery services and repair services for Lowe's customers across the United States.

July 22, 2014

Lowe's announced plans to locate a customer support center in Indianapolis, creating up to 1,000 new jobs by 2016.

MOORESVILLE, N.C. -- Lowe's announced plans to locate a customer support center in Indianapolis, creating up to 1,000 new jobs by 2016.

The retailer plans to invest $20.5 million to purchase, renovate and equip a 140,000-sq.-ft. office facility at Intech Park 12, 6620 Network Way, on the northwest side of Indianapolis. The new center will support stores and internet sales, delivery services and repair services for Lowe's customers across the United States.

July 10, 2014

Hhgregg ranks highest in appliance retailer customer satisfaction, followed by Lowe’s, according to the J.D. Power 2014 Appliance Retailer Satisfaction Study.

Westlake Village, Calif. -- Hhgregg ranks highest in appliance retailer customer satisfaction, followed by Lowe’s, according to the J.D. Power 2014 Appliance Retailer Satisfaction Study. The survey found that a knowledgeable sales staff providing a prompt, courteous and engaging customer service experience helps drive satisfaction with home appliance retailer.

June 12, 2014

Lowe’s has launched Lowe’s Innovation Lab, with a goal of creating new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The first concept to come out of the lab is the Lowe's Holoroom, a home improvement simulator that applies 3D and augmented reality technologies to provide homeowners an intuitive, immersive experience in their dream rooms.

Mooreseville, N.C. — Lowe’s has launched Lowe’s Innovation Lab, with a goal of creating new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The first concept to come out of the lab is the Lowe's Holoroom, a home improvement simulator that applies 3D and augmented reality technologies to provide homeowners an intuitive, immersive experience in their dream rooms.

June 12, 2014

Lowe’s has launched Lowe’s Innovation Lab, with a goal of creating new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The first concept to come out of the lab is the Lowe's Holoroom, a home improvement simulator that applies 3D and augmented reality technologies to provide homeowners an intuitive, immersive experience in their dream rooms.

Mooreseville, N.C. — Lowe’s has launched Lowe’s Innovation Lab, with a goal of creating new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The first concept to come out of the lab is the Lowe's Holoroom, a home improvement simulator that applies 3D and augmented reality technologies to provide homeowners an intuitive, immersive experience in their dream rooms.

June 9, 2014

Paul D. Ramsay has been promoted to CIO of Lowe’s Companies Inc., effective immediately. He has been serving as acting CIO since March.

Mooresville, N.C. — Paul D. Ramsay has been promoted to CIO of Lowe’s Companies Inc., effective immediately. He has been serving as acting CIO since March.  

May 28, 2014

Lowe’s has released its 2013 Corporate Sustainability Report, which highlight its efforts to promote the well-being of its employees, its communities and the environment.

Mooresville, N.C. – Lowe’s has released its 2013 Corporate Sustainability Report, which highlight its efforts to promote the well-being of its employees, its communities and the environment. The report includes Lowe's first set of public sustainability goals, which establish new targets for energy use, carbon emissions and waste for the year 2020.

By 2020, Lowe’s aims to achieve the following milestones for energy use, carbon emissions and waste, measured against a 2010 baseline:

May 21, 2014

Lowe’s Companies Inc. had a generally successful first quarter fiscal 2014 with earnings and sales both rising from the same period a year earlier, although sales missed Wall Street estimates.

Mooresville, N.C. – Lowe’s Companies Inc. had a generally successful first quarter fiscal 2014 with earnings and sales both rising from the same period a year earlier, although sales missed Wall Street estimates. Net earnings rose 16% to $624 million from $540 million, while net sales increased 2% to $13.4 million from $13.1 million and same-store sales climbed 0.9%.

May 6, 2014

Carrabba’s Italian Grill has signed a long-term ground lease for a 1.31-acre outparcel in the parking lot of the Lowe’s Home Improvement store in Venice, Florida.

Venice, Fla. — Carrabba’s Italian Grill has signed a long-term ground lease for a 1.31-acre outparcel in the parking lot of the Lowe’s Home Improvement store in Venice, Florida. Carrabba’s plans to begin the construction of a new restaurant immediately, with the grand opening slated for late this year.

April 29, 2014

Lowe's and Porch.com have expanded their strategic partnership to the more than 1,700 Lowe's home improvement stores across the U.S.

Mooresville, N.C. - Lowe's and Porch.com have expanded their strategic partnership to the more than 1,700 Lowe's home improvement stores across the U.S. Every Lowe's store in the country now features Porch as the in-store resource to help homeowners find home improvement professionals for nearly any project outside of Lowe's current installation services.

April 29, 2014

Lowe's and Porch.com have expanded their strategic partnership to the more than 1,700 Lowe's home improvement stores across the U.S.

Mooresville, N.C. - Lowe's and Porch.com have expanded their strategic partnership to the more than 1,700 Lowe's home improvement stores across the U.S. Every Lowe's store in the country now features Porch as the in-store resource to help homeowners find home improvement professionals for nearly any project outside of Lowe's current installation services.

April 24, 2014

Lowe’s Cos. has named Joseph M. (Mike) Mabry as strategy and experience design executive, replacing Robert J. Gfeller who left the company last month.

Mooresville, N.C. -- Lowe’s Cos. has named Joseph M. (Mike) Mabry as strategy and experience design executive, replacing Robert J. Gfeller who left the company last month.

Michael P. McDermott has been promoted to chief merchandising officer, replacing Michael A. Jones, who will assume the role of chief customer officer, effective April 30.

April 17, 2014

Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.

Washington, D.C. -- Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.  

The chain will also implement a comprehensive, corporate-wide compliance program at its over 1,700 stores nationwide to ensure that the contractors it hires to perform work minimize lead dust from home renovation activities, as required by the federal Lead Renovation, Repair, and Painting (RRP) Rule.

April 17, 2014

Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.

Washington, D.C. -- Lowe's Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.  

The chain will also implement a comprehensive, corporate-wide compliance program at its over 1,700 stores nationwide to ensure that the contractors it hires to perform work minimize lead dust from home renovation activities, as required by the federal Lead Renovation, Repair, and Painting (RRP) Rule.

March 4, 2014

Lowe's Companies Inc. has named Michael A. Jones has been named the company's chief customer officer, effective April 30.

Mooresville, N.C. -- Lowe's Companies Inc. has named Michael A. Jones has been named the company's chief customer officer, effective April 30. Jones currently serves as Lowe's chief merchandising officer, overseeing the full merchandise offering for all Lowe's U.S. stores and Lowes.com, as well as all global sourcing activities.

February 26, 2014

Customer interest in core home improvement categories helped lift profits at Lowe’s Companies Inc. during the fourth quarter and fiscal year 2013.

Mooresville, N.C. – Customer interest in core home improvement categories helped lift profits at Lowe’s Companies Inc. during the fourth quarter and fiscal year 2013.

Lowe’s fourth quarter earnings rose 6% to $306 million from $282 million in the year-ago period. Full year net earnings climbed 17% to $2.29 billion from $1.96 billion.

February 19, 2014

Lowe's plans to hire approximately 25,000 seasonal employees at its stores in the U.S. during spring, its busiest season.

Mooresville, N.C. -- Lowe's plans to hire approximately 25,000 seasonal employees at its stores in the U.S. during spring, its busiest season. Seasonal jobs available are focused on customer support and include cashiers, lawn and garden employees, loaders, and stockers.

February 19, 2014

Lowe's plans to hire approximately 25,000 seasonal employees at its stores in the U.S. during spring, its busiest season.

Mooresville, N.C. -- Lowe's plans to hire approximately 25,000 seasonal employees at its stores in the U.S. during spring, its busiest season. Seasonal jobs available are focused on customer support and include cashiers, lawn and garden employees, loaders, and stockers.

February 11, 2014

Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction.

Virginia Beach, Va. — Lowe’s Home Center has sold a 13.5-acre property to a private developer based in Virginia Beach for $9 million. Divaris Real Estate represented the seller, Lowe’s, in the transaction. Located one mile north of The Town Center of Virginia Beach, was once a neighborhood grocery-anchored shopping center. Lowe’s Home Center purchased the property in 2007, clearing and preparing it for future development. The new buyer plans to build another shopping center or mixed-use development on the site.

January 15, 2014

In an effort to expand its service capabilities, Lowe's has partnered with Porch.com, a home-improvement network that connects homeowners with over 1.5 million professionals.

New York -- In an effort to expand its service capabilities, Lowe's has partnered with Porch.com, a home-improvement network that connects homeowners with over 1.5 million professionals.

The partnership aims to connect customers with home improvement pros for nearly any project outside of what Lowe's currently offers as part of its installation services.

January 15, 2014

In an effort to expand its service capabilities, Lowe's has partnered with Porch.com, a home-improvement network that connects homeowners with over 1.5 million professionals.

New York -- In an effort to expand its service capabilities, Lowe's has partnered with Porch.com, a home-improvement network that connects homeowners with over 1.5 million professionals.

The partnership aims to connect customers with home improvement pros for nearly any project outside of what Lowe's currently offers as part of its installation services.

November 27, 2013

Lowe's has integrated Point Inside's StoreMode mobile shopper engagement platform into the free Lowe's mobile app to improve the in-store customer experience.

Mooresville, N.C. -- Lowe's has integrated Point Inside's StoreMode mobile shopper engagement platform into the free Lowe's mobile app to improve the in-store customer experience. Shoppers at all Lowe's locations can use the Product Locator capability to search for products and instantly see the items' locations on a detailed store map using Lowe's iOS and Android mobile apps or Lowe's mobile-optimized website.