Lowe’s Lays out Plan to Boost Sales, Eyes Acquisitions

After trailing larger rival Home Depot Inc (HD.N) in same-store sales for 11 straight quarters, Lowe’s is now investing in everything from in-store technology to its online business to win back shoppers from the industry leader.

“We recognized that a lot of our ills aren’t just housing-related or macro-related, just some things we needed to fix ourselves,” Robert Hull, who has served as Lowe’s chief financial officer since March 2003, told Reuters on Tuesday.

(As reported by Reuters.com) Read the article