Content about Lowe

June 17, 2013

As part of Orchard Supply Hardware's filing for Chapter 11 bankruptcy, the company has reached an agreement for Lowe’s to purchase 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.

May 6, 2013

An Earth Day announcement brings HomeSelect composite railing line to Lowe’s stores.

February 11, 2013

Lowe’s has named Sylvain Prud’homme as president of Lowe’s Canada, effective March 25. He replaces Alan Huggins, who is returning to the United States as Lowe’s VP international operations.

January 25, 2013

Michael Jones comes to the No. 2 home center chain from Husqvarna.

December 19, 2012

The shooting tragedy in Newtown, Conn., has prompted a call for stricter gun control laws, and Larry Stone, former president and chief operating officer at Lowe’s, weighed in on the debate in a Dec. 19 interview with the Wall Street Journal. 

December 13, 2012

The unexpected departure of Robert Dutton, CEO of RONA for the last 20 years, has breathed new life into the possibility that Lowe’s will finally get its hands on Canada’s largest home improvement chain. Dutton stepped down on Nov.  9, two months after he and his board of directors fended off a takeover by Lowe’s. Dutton said he had new initiatives in store for the Boucherville, Quebec-based RONA, which put in a poor performance in its last quarter.

November 30, 2012

Chain Store Age’s annual Retail Construction Survey shows Home Depot and Lowe’s among the retail industry’s top-10 leaders in capital expenditures. 

Lowe’s ranked sixth among retailers with $1.4 billion in capital expenditures, and Home Depot ranked eighth, with $1.1 billion.

Wal-Mart stores ranks first on the list -- way out in the lead with $7 billion to $7.5 billion in capital spending.

October 31, 2012

Long before Hurricane Sandy arrived, hardware stores throughout the Eastern Seaboard found themselves swamped with customers trying to stock up on everything from batteries to rubber gloves. But now that the worst is over -- and property damage estimates are in the $50 billion range -- the effect on the home improvement industry is coming into focus. 

August 2, 2012

Ultratouch Denim Insulation, a product made from blue jeans and other recycled material, will now be available in 165 Lowe’s stores in the western U.S., according to its manufacturer. The rollout begins Aug. 6.

July 31, 2012

Lowe’s made an offer, but RONA refused.

The two North American home improvement giants will continue to operate as competitors in Canada, where Lowe’s has been growing organically for the past several years amid rumors that just such an acquisition play was in the cards.

July 16, 2012

The battle over online purchasing and sales tax might be winding to a close as more Republican governors are dropping their opposition to a mandatory state tax on Internet sales. The turning point may have been in May, when New Jersey Gov. Chris Christie cut a deal with Amazon.com: Residents of New Jersey would pay a 7% sales tax on Amazon.com purchases, and the nation’s largest e-tailer would build two distribution centers in the state.

June 28, 2012

Lowe’s has signed an agreement with Microsoft Corp. to implement Microsoft Office 365 across more than 1,745 stores, 200,000 employees and its corporate offices in the United States, Canada and Mexico.

Office 365 will help the home improvement retailer improve customer service by providing collaboration tools to increase communication among its stores and employees. The technology will be available for Lowe's employees soon and will help customers tap into the collective expertise of Lowe’s work force.

June 27, 2012

Lowe’s has hired Kevin Summers as its new chief information officer, effective July 9. He will replace Michael Brown, who announced last April that he had accepted the company’s Voluntary Separation Program and decided to retire after almost 28 years with Lowe’s.

May 31, 2012

Police are asking for the public’s help in identifying two men suspected of stealing six Husqvarna chain saws at a Lowe’s store in Springfield, Mass., according to a report on WGGB-TV, an ABC affiliate.

On May 21, the individuals allegedly placed the items, valued at $766 each, in a store cart and wheeled it out the front door. 

April 23, 2012

Mooresville, N.C.-based has Lowe’s created two new positions for high-ranking executives. The promotions for Greg Bridgeford and Rick Damron are described by the company as an effort to support the retailer’s customer experience goals.

The promotions will take effect May 5.

With more than 30 years of experience in home improvement, Bridgeford, 57, will become chief customer officer, responsible for creating experiences that will best serve customers and differentiate Lowe's from its competitors.

April 10, 2012

Valspar Paint has announced a replacement guarantee for Lowe’s customers who buy a gallon of paint and are simply dissatisfied with the color. From now until Oct. 8, 2012, Valspar is offering a free replacement color to anyone who does not “absolutely love” their first color choice. The Love Your Color Guarantee applies only to purchases of Valspar Signature Colors Interior Paint at Lowe's, and will be issued through a rebate for up to two gallons of a replacement Valspar paint color.

March 19, 2012

Home improvement retailer Lowe’s is moving ahead with its Canadian expansion, planning a new store for Blairmore, a city near Saskatoon, according to an article in the Star Phoenix. The will be Lowe’s second store in the western province of Saskatchewan.

March 5, 2012

Acacia Research Corp. has announced that it has entered into a license agreement with Lowe’s covering patents directed to impact instrument technology. This agreement resolves the parties' dispute that was pending in the District Court for the Eastern District of Texas.

Impact instruments include a range of testing and measuring devices such as infrared cameras for electrical inspection, building integrity and energy loss.

February 13, 2012

Lowe's entered the do-it-yourself ramp market with what it calls an "affordable, configurable" ramp system. 

The Gatehouse Custom Access Ramp System will be available to consumers in Lowe’s stores and on Lowes.com in spring 2012.

The product, which is the latest extension of Lowe's accessible home products for safety and mobility in the home, was unveiled at the 2012 International Builders' Show in Orlando, Fla.

February 10, 2012

Lowe’s has announced that it will partner with the National Kitchen & Bath Association (NKBA) to launch a program to educate and train Lowe’s employees who specialize in interior kitchen and bath projects.

Because of this membership and training program, Lowe’s employees who work in the kitchen cabinets, countertops and fashion plumbing departments and as interior project specialists will have the opportunity to earn NKBA certifications.

February 1, 2012

Lowe's has announced that it will partner with the National Kitchen & Bath Association (NKBA) in order to launch a program to educate and train Lowe's employees who specialize in interior kitchen and bath projects.

Because of this membership and training program, Lowe's employees who work in the kitchen cabinets, countertops and fashion plumbing departments and as interior project specialists will have the opportunity to earn NKBA certifications.

February 1, 2012

Lowe's has announced that it will partner with the National Kitchen & Bath Association (NKBA) in order to launch a program to educate and train Lowe's employees who specialize in interior kitchen and bath projects.

Because of this membership and training program, Lowe's employees who work in the kitchen cabinets, countertops and fashion plumbing departments and as interior project specialists will have the opportunity to earn NKBA certifications.

January 30, 2012

Mooresville, N.C.-based Lowe’s has appointed Dollar General CEO Richard Dreiling, 58, to the home improvement giant's board of directors.

Dreiling will serve on the board’s audit and governance committees. The addition brings Lowe’s board of directors to 12 members, 11 of who are independent. 

January 9, 2012

Lowe's new Iris Smart Home solution is slated to be available in Lowe's stores and through Lowes.com in mid-2012.

Iris is described as an affordable system that will give homeowners the ability to control and interact with their homes from anywhere. Energy and technology company Genability will be used by Lowe's in its new cloud-based smart home solution called Iris.

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