Content about Mooresville

January 21, 2014

Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

New York --  Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

The 136,000-sq.-ft. Warwick club has created 140 new jobs. Also 136,000 sq. ft., the Mooresville club has created 160 new jobs.

Both clubs will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

January 21, 2014

Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

New York --  Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

The 136,000-sq.-ft. Warwick club has created 140 new jobs. Also 136,000 sq. ft., the Mooresville club has created 160 new jobs.

Both clubs will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

January 21, 2014

Sam’s Club plans to open new stores on Thursday, Jan. 23, with a location in Warwick, R.I., and one will open in Mooresville, N.C.

Bentonville, Ark. – Sam’s Club plans to open new stores on Thursday, Jan. 23, with a location in Warwick, R.I., and one will open in Mooresville, N.C.

Both stores will measure approximately 136,000 sq. ft. and feature a fresh bakery, a tire and battery center, and a café. A pharmacy and a hearing aid center are open to both members and the general public. The Mooresville store also offers the Click N Pull personal shopping service, as well as a fuel station.

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.”

February 21, 2013

Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb. 25.

Mooresville, N.C. -- Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb. 25. She will report to Robert J. (Bob) Gfeller, customer experience design executive.
 
Lee joined Lowe’s from global design and innovation firm Continuum, where she served as chief innovation and operating officer.

Lee will be responsible for translating business strategies into integrated, multichannel experiences that deliver value to home improvement consumers.

 

December 6, 2012

Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

New York -- Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

December 6, 2012

Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

New York -- Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

February 27, 2012

Lowe’s Cos. reported that profit for the quarter ended Feb. 3 rose 13% to $322 million, compared with $285 million a year earlier.

Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended Feb. 3 rose 13% to $322 million, compared with $285 million a year earlier. Results topped Wall Street expectations and demonstrated an upward consumer swing in home-improvement projects.

Quarterly sales increased 11% to $11.6 billion from $10.5 billion, beating analysts’ expectations of $11.35 billion in revenue. Same-store sales rose 3.4%.

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 7, 2011

At its annual conference in Mooresville, N.C., held Tuesday, Lowe's executives are prepared to talk growth and the transformation from retailer to a "home improvement company."

Mooresville, N.C. — At its annual conference in Mooresville, N.C., held Tuesday, Lowe's executives are prepared to talk growth and the transformation from retailer to a "home improvement company."

December 7, 2011

At its annual conference in Mooresville, N.C., held Tuesday, Lowe's executives are prepared to talk growth and the transformation from retailer to a "home improvement company."

Mooresville, N.C. — At its annual conference in Mooresville, N.C., held Tuesday, Lowe's executives are prepared to talk growth and the transformation from retailer to a "home improvement company."

November 14, 2011

Lowe's Cos. reported that net income for the quarter ended Oct. 28 dropped 44% as store-closing charges undercut a slight uptick in quarterly sales.

Mooresville, N.C. -- Lowe's Cos. reported Monday that net income for the quarter ended Oct. 28 dropped 44% as store-closing charges undercut a slight uptick in quarterly sales.

The home-improvement retailer reported net earnings of $225 million, compared with $404 million in the year-ago period. Charges related to store closures amounted to a pre-tax earnings reduction of $336 million.

Sales increased 2.3% to $11.9 billion, up from $11.6 billion a year earlier. Same-store sales edged up 0.7%, reversing declines in two prior quarters.

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.

October 17, 2011

Lowe's Cos. announced Monday it will open 10 to 15 stores annually in North America from 2012 forward, down from its prior target of 30 stores, and will close 20 underperforming locations.

Mooresville, N.C. -- Lowe's Cos.  announced Monday it will open 10 to 15 stores annually in North America from 2012 forward, down from its prior target of 30 stores, and will close 20 underperforming locations. The chain is on track to open 25 stores as planned in 2011.

The stores scheduled to be closed are in 15 states, ranging from California to Maine. The closings will impact some 1,950 employees.

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.

August 31, 2011

Lowe’s said Wednesday it has launched a home improvement app for iPhone and iPod, now available on the App Store.

Mooresville, N.C. -- Lowe’s said Wednesday it has launched a home improvement app for iPhone and iPod, now available on the App Store.

The application is designed to support customers with their home-improvement projects, and provide tools to help simplify the shopping experience.

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.

August 22, 2011

Lowe’s Cos. on Monday said it has been authorized to buy back up to $5 billion of its common stock over the next two-to-three years.

Mooresville, N.C. -- Lowe’s Cos. on Monday said it has been authorized to buy back up to $5 billion of its common stock over the next two-to-three years.

In a statement, the company said it expects to use the full amount over the next two to three years. The new repurchase authorization from the Lowe's board has no expiration date.
 

August 15, 2011

Lowe’s Cos. reported Monday that profit for the quarter ended July 29 was $830 million, down from $832 million in the year-ago period.

Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended July 29 was $830 million, down from $832 million in the year-ago period. The home improvement retailer closed seven underperforming stores on Sunday and trimmed its earnings forecast for the year.

“Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations," said Robert A. Niblock, CEO.

Net sales edged up 1.3% to $14.5 billion; same-store sales dipped 0.3%.

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.

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.

May 16, 2011

Lowe's Cos. said Monday its first-quarter profit fell 6%, due in part by bad weather and difficult economic conditions.

Mooresville, N.C. -- Lowe's Cos. said Monday its first-quarter profit fell 6%, due in part by bad weather and difficult economic conditions. The chain cut its full-year outlook.

Lowe's reported net income of $461 million for the three months ended April 29, down from $489 million a year earlier. Its results missed estimates. Revenue fell 2% to $12.19 billion. Same-store sales were down 3.3%.

February 23, 2011

Lowe’s reported a 39% increase in fiscal fourth-quarter earnings to $285 million, up from $205 million a year earlier.

Mooresville, N.C. -- Lowe’s reported a 39% increase in fiscal fourth-quarter earnings to $285 million, up from $205 million a year earlier.

Sales grew 3% in the latest quarter to $10.5 billion. Same-store sales rose 1.1%.

For fiscal 2010, net income grew to $2 billion, from $1.8 billion in fiscal 2009. Sales grew to $48.8 billion from $47.2 billion.

The company expects to open 25 to 30 stores in 2011.

February 9, 2011

Lowe’s Cos. said Wednesday that it has made several key promotions and moves in its human resources, legal, merchandising, logistics and information technology areas.

Mooresville, N.C. -- Lowe’s Cos. said Wednesday that it has made several key promotions and moves in its human resources, legal, merchandising, logistics and information technology areas.

Maureen K. Ausura was promoted to executive VP human resources, from senior VP in the same capacity.

Gaither M. Keener has been promoted to executive VP general counsel, secretary and chief compliance officer, from senior VP in the same capacity. 

Both will continue reporting to CEO Robert Niblock.

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: