Content about Lowe's

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.

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.

November 21, 2013

Lowe's Canada announced it has completed changes to the company's senior leadership team and is positioned to continue to grow the company across Canada.

Toronto -- Lowe's Canada announced it has completed changes to the company's senior leadership team and is positioned to continue to grow the company across Canada.  

The new appointments include:

Nick Padovano was appointed to the newly created position of head of operations and supply chain.. Most recently, he was senior VP, store operations at The Bay/Lord and Taylor.

November 20, 2013

Lowe's Cos. net income rose 26% in the third quarter, just short of projections, amid the housing market's ongoing resurgence.

Mooresville, N.C. -- Lowe's Cos. net income rose 26% in the third quarter, just short of projections, amid the housing market's ongoing resurgence. The retailer raised its fiscal 2013 outlook, but its earnings forecast was still below expectations.

Lowe's earned $499 million for the period ended Nov. 1, up from $396 million last year. Its earnings were a penny per share short of Wall Street expectations.

Revenue rose 7% to $12.96 billion from $12.07 billion, beating analysts’ predictions. Same-store sales increased 6.2%.

November 18, 2013

Angela F. Braly, 52, has been named to the Lowe’s board of directors, with a term expiring at Lowe’s 2014 annual meeting of shareholders.

Mooresville, N.C. -- Angela F. Braly, 52, has been named to the Lowe’s board of directors, with a term expiring at Lowe’s 2014 annual meeting of shareholders. This brings Lowe’s board of directors to 12 members, 11 of whom are independent.

October 22, 2013

The U.S. Environmental Protection Agency (EPA) has awarded Lowe's Companies, Inc. the highest honors for industry leadership in its SmartWay and WaterSense programs.

Mooresville, N.C. - The U.S. Environmental Protection Agency (EPA) has awarded Lowe's Companies, Inc. the highest honors for industry leadership in its SmartWay and WaterSense programs. On Oct. 22, Lowe's received the 2013 SmartWay Excellence Award for its environmental performance in the freight transportation industry. This month, the EPA also recognized Lowe's with a 2013 WaterSense Sustained Excellence award for its long-standing efforts to educate consumers about water-efficient products and practices.

October 17, 2013

Lowe's has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas.

Mooresville, N.C. -- Lowe's has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas. The fleet is among the first serving a major retail distribution center in North America to run solely on natural gas.

With the transition from a diesel-fueled fleet to trucks powered by liquefied natural gas (LNG), Lowe's expects to reduce greenhouse gas emissions nearly 20%  and control fuel costs as it transports up to 68 truckloads each day to stores in Texas, Louisiana, and Oklahoma.

October 17, 2013

Lowe's has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas.

Mooresville, N.C. -- Lowe's has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas. The fleet is among the first serving a major retail distribution center in North America to run solely on natural gas.

With the transition from a diesel-fueled fleet to trucks powered by liquefied natural gas (LNG), Lowe's expects to reduce greenhouse gas emissions nearly 20%  and control fuel costs as it transports up to 68 truckloads each day to stores in Texas, Louisiana, and Oklahoma.

September 3, 2013

Lowe’s Companies announced that Michael P. McDermott will join the company as senior VP and general merchandising manager- building and maintenance, a new position.

Mooresville, N.C. -- Lowe’s Companies announced that Michael P. McDermott will join the company as senior VP and general merchandising manager- building and maintenance, a new position.

McDermott will be responsible for the lumber & building materials, millwork, hardware & tools and rough plumbing & electrical divisions. He will report to chief merchandising officer, Michael A. Jones.

August 21, 2013

Lowe’s second-quarter net income rose 26%, boosted by strong demand for its product.

Mooresville, N.C. -- Lowe’s second-quarter net income rose 26%, boosted by strong demand for its product.

For the period ended Aug. 2, Lowe’s earned $941 million, up from $747 million a year ago.

“Home improvement demand was strong during the quarter,” said Lowe’s CEO Robert Niblock. “We drove a healthy balance of ticket and transaction growth, and delivered solid performance across all product categories.”

August 21, 2013

Lowe’s second-quarter net income rose 26%, boosted by strong demand for its product.

Mooresville, N.C. -- Lowe’s second-quarter net income rose 26%, boosted by strong demand for its product.

For the period ended Aug. 2, Lowe’s earned $941 million, up from $747 million a year ago.

“Home improvement demand was strong during the quarter,” said Lowe’s CEO Robert Niblock. “We drove a healthy balance of ticket and transaction growth, and delivered solid performance across all product categories.”

August 20, 2013

Closeout retailer Tuesday Morning announced the appointment of Michael Rouleau to CEO, effective immediately.

DALLAS — Closeout retailer Tuesday Morning announced the appointment of Michael Rouleau to CEO, effective immediately. Rouleau, who was appointed interim chief executive in March 2013, will also continue to serve on the company's board of directors, which he joined in November 2012.

August 12, 2013

The Aug. 9 deadline for additional bids on the proposed purchase of Orchard Supply Hardware by Lowe’s Companies Inc. has passed with no activity.

Mooresville, N.C. -- The Aug. 9 deadline for additional bids on the proposed purchase of Orchard Supply Hardware by Lowe’s Companies Inc. has passed with no activity. This means Lowe’s can move ahead with plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, first announced June 17.

May 22, 2013

Cool weather affected sales at Lowe's for the first quarter ended May 3.

New York -- Cool weather affected sales at Lowe's for the first quarter ended May 3. 

Lowe’s saw net earnings of $540 million for the quarter, a 2.5% increase over the same period a year ago. Sales for the quarter decreased 0.5% to $13.1 billion from $13.2 billion in the year-ago quarter, while comparable-store sales decreased 0.7%. 

The world’s second largest home improvement retailer reported its results a day after rival Home Depot announced first-quarter sales of $19.1 billion, up 7.4%.

May 22, 2013

Cool weather affected sales at Lowe's for the first quarter ended May 3.

New York -- Cool weather affected sales at Lowe's for the first quarter ended May 3. 

Lowe’s saw net earnings of $540 million for the quarter, a 2.5% increase over the same period a year ago. Sales for the quarter decreased 0.5% to $13.1 billion from $13.2 billion in the year-ago quarter, while comparable-store sales decreased 0.7%. 

The world’s second largest home improvement retailer reported its results a day after rival Home Depot announced first-quarter sales of $19.1 billion, up 7.4%.

February 25, 2013

Lowe's Co. reported fourth quarter profits that topped Wall Street estimates, helped rebuilding efforts in the wake of Hurricane Sandy and general remodeling activity.

Mooresville, N.C. -- Lowe's Co. reported fourth quarter profits that topped Wall Street estimates, helped rebuilding efforts in the wake of Hurricane Sandy and general remodeling activity. The retailer also said it authorized a new $5 billion share buyback program that it expects to use in the next two year