Content about Lowe

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 8, 2013

Walmart and Lowe’s have joined the Pacific Business Group on Health Negotiating Alliance (PBGH-NA) to launch the national Employers Centers of Excellence Network that will offer no-cost knee and hip-replacement surgeries for employees at four highly regarded hospitals in the United States.

New York -- Walmart and Lowe’s have joined the Pacific Business Group on Health Negotiating Alliance (PBGH-NA) to launch the national Employers Centers of Excellence Network that will offer no-cost knee and hip-replacement surgeries for employees at four highly regarded hospitals in the United States.

June 17, 2013

Orchard Supply Hardware Stores Corp. is filing for Chapter 11 bankruptcy. As part of the filing, Orchard Supply has reached an agreement for Lowe’s to purchase acquire the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners.

San Jose -- Orchard Supply Hardware Stores Corp. is filing for Chapter 11 bankruptcy. As part of the filing, Orchard Supply has reached an agreement for Lowe’s to purchase acquire the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners. Under the terms of the agreement, Lowe’s, serving as “stalking horse bidder,” would acquire no less than 60 of Orchard’s stores, based on further due diligence on the store locations.

June 4, 2012

Harris Teeter Supermarkets entered into an agreement with Lowe’s Food Stores whereby Harris Teeter will acquire 10 Lowes locations in the central Carolinas region and Lowes Foods acquiring six Harris Teeter store locations in western North Carolina.

Charlotte, N.C. -- Harris Teeter Supermarkets entered into an agreement with Lowe’s Food Stores whereby Harris Teeter will acquire 10 Lowes locations in the central Carolinas region and Lowes Foods acquiring six Harris Teeter store locations in western North Carolina.

In addition to the six Harris Teeter stores, Harris Teeter has agreed to pay Lowes Foods $26.5 million. The transaction is expected to be completed in the company’s third quarter of fiscal 2012, which ends July 1, 2012.

May 21, 2012

Lowe’s reported net earnings of $527 million for the quarter ended May 4, a 14.3% increase over the same period a year ago.

New York -- Lowe’s reported net earnings of $527 million for the quarter ended May 4, a 14.3% increase over the same period a year ago.

Sales for the quarter increased 7.9% to $13.2 billion, from $12.2 billion in the first quarter of 2011.

Comparable-store sales for the quarter increased 2.6%, while comparable-store sales for the U.S. business increased 2.7%.

February 22, 2012

Lowe’s Cos. announced the promotion of Kevin S. Measel to senior VP store operations for the company’s West division.

Mooresville, N.C. -- Lowe’s Cos. announced the promotion of Kevin S. Measel to senior VP store operations for the company’s West division. Measel replaces Jim Frasso, who retired from Lowe’s following a 17-year career with the company.

Measel has more than 28 years of retail experience in both store operations and merchandising, having served most recently as merchandising VP nursery.
 

January 27, 2012

Lowe’s Cos. said it has appointed Richard Dreiling, CEO and chairman of Dollar General Corp., to its board of directors.

Mooresville, N.C. -- Lowe’s Cos. said Friday it has appointed Richard Dreiling, CEO and chairman of Dollar General Corp., to its board of directors. He will serve on the board’s audit and governance committees.

Dreiling has also served in corner-office positions for Duane Read, Longs Drug, Safeway and Vons.
 

December 29, 2011

Lowe’s Cos. said Thursday it has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash.

Mooresville, N.C. -- Lowe’s Cos. said Thursday it has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash.

According to Lowe’s, the transaction will add depth and expertise to its online business.

December 29, 2011

Lowe’s Cos. said Thursday it has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash.

Mooresville, N.C. -- Lowe’s Cos. said Thursday it has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash.

According to Lowe’s, the transaction will add depth and expertise to its online business.

December 12, 2011

Lowe's Home Improvement is facing a backlash in the wake of its decision to stop advertising on a reality show about American Muslims.

New York City -- Lowe's Home Improvement is facing a backlash in the wake of its decision to stop advertising on a reality show about American Muslims. About 40 local and national Muslim and Arab-American leaders from around the nation are expected to participate Monday evening in a conference call to discuss the decision by the home improvement chain to pull its ads from the cable show "All-American Muslim,” The Detroit News reported.

December 8, 2011

Lowe’s said it will open a new Customer Support Center in Albuquerque, N.M., in first quarter 2012.

Mooresville, N.C. -- Lowe’s said Thursday it will open a new Customer Support Center in Albuquerque, N.M., in first quarter 2012.

The center is estimated to create 250 jobs by March and a total of 600 jobs by the end of 2013.

October 24, 2011

Lowe's has launched an integrated online experience, MyLowe’s, designed to help customers manage their homes.

Mooresville, N.C. -- Lowe's has launched an integrated online experience, MyLowe’s, designed to help customers manage their homes. It will allow all purchases, in-store and online, to be tracked automatically and stored on their customer profile online.

September 19, 2011

Lowe’s is replacing its “Let’s Build Something Together” tagline with a new one, “Never Stop Improving” as part of its new brand strategy.

Mooresville, N.C. -- Lowe’s is replacing its “Let’s Build Something Together” tagline with a new one, “Never Stop Improving” as part of its new brand strategy.

As part of the program, the chain is launching a new advertising campaign Monday, Sept. 19, 2011. Also, Lowe’s will soon be launching MyLowes, a online tool to help customers manage their homes and home improvement projects through every stage.

September 7, 2011

Lowe’s Cos. plans to build a 1.4-million-sq.-ft. distribution center in Rome, Ga.

New York City -- Lowe’s Cos. plans to build a 1.4-million-sq.-ft. distribution center in Rome, Ga.

The facility, due to open in 2013, will service Lowe’s stores in western Georgia, northern Florida and Alabama

 

August 29, 2011

Lowe’s Cos. is consolidating its store operations and merchandising organizations.

Mooresville, N.C. -- Lowe’s Cos. is consolidating its store operations and merchandising organizations. The move is designed to improve efficiencies, increase speed to market for new products and services, and enhance the shopping experience for customers, the chain said.

July 25, 2011

Lowe’s Cos. said Friday it has promoted M. Lee Reeves to senior VP, deputy general counsel and assistant secretary.

Mooresville, N.C. -- Lowe’s Cos. said Friday it has promoted M. Lee Reeves to senior VP, deputy general counsel and assistant secretary.

Reeves, who joined Lowe’s in 2004 as senior counsel, will lead the corporate transactions, intellectual property and information technology legal teams as a part of his new role.
 

May 23, 2011

Lowe’s has announced plans to hire up to 300 information technology professionals, including 150 new positions.

MOORESVILLE, N.C. — Lowe’s has announced plans to hire up to 300 information technology professionals, including 150 new positions. 

Lowe's reported that positions are now open across all IT professions, including business analysis, engineering, communications network, ecommerce, application development, program management and project management. The positiobns will be based at Lowe’s corporate headquarters in Mooresville, N.C.

March 28, 2011

A 400,000-sq.-ft., Wal-Mart Supercenter- and Lowe’s-anchored, regional shopping center opened on March 15 in Hamburg, Pa.

A 400,000-sq.-ft., Wal-Mart Supercenter- and Lowe’s-anchored, regional shopping center opened on March 15 in Hamburg, Pa.

Tilden Ridge Shopping Center, owned by West Conshohocken, Pa.-based Ironwood Property Group and leased by Metro Commercial Real Estate, was almost six years in the making, and features a site that shares a traffic signal with a 250,000-sq.-ft. Cabela’s store.

January 28, 2011

Lowe’s Cos. president and chief operating officer, Larry Stone, will retire June 2, after 42 years with the company.

Mooresville, N.C. -- Lowe’s Cos. president and chief operating officer, Larry Stone, will retire June 2, after 42 years with the company. Lowe’s doesn’t plan to fill the vacancy.

Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career.

Lowe’s also announced the following promotions within merchandising, store operations and strategic planning:

January 20, 2011

Lowe's Cos. said Thursday that executive VP and chief information officer Steven Stone is leaving the company in order to pursue other interests.

Mooresville, N.C. -- Lowe's Cos. said Thursday that executive VP and chief information officer Steven Stone is leaving the company in order to pursue other interests.

Lowe’s said it has named current executive VP store operations and Lowes.com Michael Brown as Stone’s successor.

Brown will report to chairman and CEO Robert Niblock.

September 13, 2010

Lowe’s Cos. said Tuesday it is expanding the reach of the in-store Energy Center nationwide,...

August 19, 2010

Lowe’s Cos. said Friday it has appointed former McDonald’s Corp. president and CEO Raul Alvarez,...

August 19, 2010

Lowe’s Cos. said Friday it has appointed former McDonald’s Corp. president and CEO Raul Alvarez,...