News

Lowe’s CEO says e-commerce has largely been a ‘mystery’ for the company, and it reveals a stark reality for the home-improvement chain

Lowe’s CEO Marvin Ellison said that the home improvement retailer has long “underestimated” e-commerce. On the company’s quarterly earnings call on Wednesday, Ellison said that e-commerce sales grew around 3% for the company this past quarter, a “neutral” outcome. Ellison said that most other national retailers are reporting e-commerce growth […]
Lowe’s CEO says e-commerce has largely been a ‘mystery’ for the company, and it reveals a stark reality for the home-improvement chain
Markets

Lowe’s soars the most in 11 years after smashing earnings estimates

Shares of Lowe’s surged as much as 13% on Wednesday after the retailer posted second-quarter revenue and profit that exceeded analyst expectations. The home-improvement retailer said overall sales from existing Lowe’s stores grew 2.3%, while same-store revenue from US locations climbed 3.2%. Lowe’s chief executive officer said the company’s positive […]
Lowe’s soars the most in 11 years after smashing earnings estimates