Lowe’s President and CEO To Retire

After a stellar 42-year career working for one of the largest home improvement corporations in the country, Larry Stone has decided to step down as Lowe’s president and chief operating officer.  Mr. Stone will be staying on board until June 2 to help the company through a smooth transition.  Most of his colleagues and peers in the industry credit him for positioning the company as one of the most successful home-improvement retailers…(read more)

Lowe’s Has New E-Commerce Chief

At the top of a sweeping list of recent executive changes, Lowe’s Companies has appointed a new e-commerce chief.  William (Doug) Robinson will be replacing Steven M. Stone, who had previously been the company’s chief information officer.  Mr. Robinson’s new senior vice president responsibilities include overseeing customer support services.  Lowes.com is ranked No. 81 in the Internet Retailer Top 500 Guide…(read more)

Lowe’s To Increase Part-Time Employment

North Carolina based Lowe’s will be cutting 1,700 middle management positions to make room for part-time workers.  The reasoning behind the employment shift is to better serve the company’s customers during the busiest shopping periods.  The hiring staff will be adding over 8,000 new part time positions and will take effect on Jan. 29…(read more)

Lowe’s Expands by Four

Lowe’s has announced the opening of four new locations in New Jersey, Maine and California. The official opening day for all the new stores was on Dec. 27, 2010. Lowe’s operates over 1,700 stores in the United States, Canada and Mexico… Read More

NAR Announces Estimates For 2011 Housing Market

The National Association of Realtors (NAR) is predicting a positive overall growth for the housing market in 2011. Among the announcements were estimates that new home sales would rise 24% and existing home sales would follow suit with a projected 8% increase to reach 5.2 million. The NAR is known for its bold optimism, and has for the past several years, predicted a steady upsurge in the housing market… Read More

Home Depot and Lowe’s viewed favorably by Strategists

Stock strategists are realizing the financial potential for both Home Depot and Lowe’s. Recent thinking can be attributed to a number of company-specific programs that shift away from square footage growth and concentrate more on store efficiency. The program objective for both these companies is to reduce costs and drive margin expansion…Read More

Lowes to Launch Interactive Online Site in 2011

In a move to become more socially integrated with its customers, Lowe’s will be launching a customer-focused portal on its e-commerce platform by mid-year 2011. MyLowes.com will allow customers to communicate freely and share information with the company’s employees in order to help themselves track their transaction histories, check their protection plans and share vital project information with others. As an addition, the company will also be focusing online resources to help new homeowners with specific safety and improvement guidelines for their newly acquired homes…Read More

Lowe’s earns $404 million in ‘slow-growth’ Q3

Up 17.4% from the third quarter of 2009, Lowe’s reported net earnings of $404 million in this year’s 3Q tally of 2010. Chairman and CEO, Robert A. Niblock, said that the company was prepared to continue its effective operations during the slow growth market. The N.C.-based Corporation is planning to open 17 new stores by the end of the fourth quarter…Read More

Lowe’s closes two SoCal stores

Citing poor sales and bleak economic projections, Lowe’s has closed two stores in Southern California. The two branches, located in Apple Valley and San Bernardino, were particularly susceptible to financial troubles due to recession and to foreclosures in the area…Read More

Lowe’s recycling centers to open nationwide

In a move meant to serve their customers and save the environment, Lowe’s has opened recycling centers nationwide. Cell phones, batteries and plastic shopping bags will be among the items that customers can drop off at the new energy efficient centers. All recycled material will be used to manufacture new products. The company hopes this new initiative will help reduce unnecessary waste within each branch’s respective community…Read More