Content about Lowe's News

May 10, 2012

Highfield Door Sales, a Kettering, Ohio, business that installs garage door openers for nine local Lowe’s stores, has purchased and is renovating a 20,000-sq.-ft. former wine and beer warehouse store to expand its operations, according to an article in the Dayton Daily News. 

The family-owned business, which started in 2009 with just one employee, currently operates out of a leased 1,700-sq.-ft. building in this Dayton-area town.

May 9, 2012

Lowe’s has announced a realignment of its leadership team to “more sharply focus the company on strategies to create and deliver seamless customer experiences.” Seamless retail across the brick and mortar and digital channels is a major focus of the retailer’s strategy. 

May 8, 2012

Nest Labs announced that its Nest Learning Thermostat is on the shelves of more than 500 Lowe’s stores plus Lowes.com.

The product will find a home in the retailer’s new Innovation merchandising displays featuring interactive end caps that display new products in home improvement.

April 29, 2012

A San Diego man is facing felony changes for purchasing copper wire at Home Depot and Lowe’s stores with counterfeit barcodes and then reselling it to recycling centers for a hefty profit, according to an article in the San Diego Union-Tribune. 

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 19, 2012

A tip to police about a planned shoplifting crime ended in an arrest outside a Lowe’s store in Monroe, La., according to an article in the News Star.

April 17, 2012

Lowe’s has announced an agreement to sell $500 million of 1.625% notes due 2017, $750 million of 3.12% notes due 2022 and $750 million of 4.65% notes due 2042. Estimated net proceeds from this offering will be approximately $1.982 billion, after deducting offering expenses and underwriters' discounts.

April 14, 2012

Mooresville, N.C.-based announced today that Michael K. Brown, executive VP and chief information officer, has announced plans to accept the company's Voluntary Separation Program and retire after almost 28 years with the company.

The company has already begun a search for a chief information officer. Brown will continue to serve in his present role for a period of time to assist with the transition.

April 12, 2012

A suspected bank robber in Santa Fe, N.M. was arrested this week after a Lowe’s employee uncovered more than $48,000 in stolen cash from a store trash can, according to an article in the Albuquerque Journal. 

Jaime Jesus Sanchez-Ramos, age 23, was arrested on April 10 and charges with an April 2 robbery at U.S. Bank. The suspect, who was wearing a green hooded jacket and a ski mask, allegedly entered the building and, at gunpoint, demanded money from a teller. Sanchez-Ramos fled with a box of cash stuffed with $52,650, according an FBI affidavit filed in court.

April 11, 2012

Marking the one-year anniversary of the April 16 tornado that destroyed the retailers Sanford, N.C., store, Lowe’s today launched a “Give Back. Pay it Forward” event with American Red Cross.

From April 13-17, Lowe’s has set up collection areas in Sanford and online so people can donate to the relief organization. The American Red Cross will also host a blood drive on April 16 at the store.

April 10, 2012

Family Dollar Stores has announced the appointment of Jon Broz to the position of VP and assistant general counsel, litigation. Broz comes to Family Dollar from Lowe's, where he served most recently as VP and assistant general counsel, litigation.

Prior to joining Lowe's, Broz worked for Collective Brands, and previous to that, he was a litigation partner at Husch & Eppenberger (now Husch Blackwell Sanders) in Kansas City, Mo.

April 3, 2012

Mooresville, N.C.-based Lowe’s is in the early stages of bringing a store to South Dennis, Mass., on Cape Cod.

"The site Lowe's is pursuing has been designated in the Cape Cod Commission's Regional Policy Plan as being within an Economic Center," said Stacey Lentz, a Lowe's spokeswoman. "We will work with the town, Cape Cod Commission and stakeholders to make this a project the community and Lowe's can be proud of."

April 3, 2012

The April issue of Home Channel News included a review and analysis of MyLowes.com, one of the most ambitious home improvement websites in the industry today. Our digital version (registration required) has even more analysis.

March 30, 2012

In New York, Long Island Business News reported that Lowe’s took a bath on a real estate deal involving a proposed Long Island store.

According to the newspaper, the Mooresville, N.C.-based home center giant paid some $26 million for a piece of property formerly owned by Pall Corp. But it decided to sell when community opposition prevented a zoning change. According to the paper, Lowe’s recently sold it to St. Francis Hospital for about $16 million.

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 9, 2012

Lowe’s has partnered with Deluxe Corp. in a deal that will offer Lowe’s commercial customers services like web design and hosting, search engine marketing and optimization, logo design, and emailing marketing. Deluxe’s products and services will be offered through LowesforPros.com website.

March 9, 2012

The TLC network program that caused a national controversy and a public relations nightmare for Lowe’s will not be coming back for a second season, according to an article in the Detroit Free Press.

“All-American Muslim,” a TV reality show that followed the daily lives of five Dearborn, Mich. Arab-American Muslim families, was canceled because of low ratings, according to the network.

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.

March 2, 2012

Six Flags Entertainment Corp. has announced a new marketing relationship with Lowe's, which will be named the sponsor of opening weekend at participating Six Flags parks across the nation.

Lowe's will be integrated into Six Flags' marketing efforts on both the national and local levels this spring. Additional support will include social media outreach, radio promotions and in-park giveaways.

February 27, 2012

Lowe’s reported net earnings of $322 million for the quarter ended Feb. 3, a 13.0% increase over the same period a year ago. 

Sales for the fourth quarter increased 11.0% to $11.6 billion, up from $10.5 billion in the same period a year ago. 

February 23, 2012

Jacuzzi Group Worldwide, a manufacturer of bath and spa products, announced that it has expanded its product portfolio to include a new collection of energy-efficient tankless water heaters, which will be available exclusively at select Lowe’s stores and Lowes.com. 

Powered by natural gas or propane, Jacuzzi tankless units heat water as it is needed. They use up to 30% less energy than a traditional tank-style water heater.

February 23, 2012

Lowe’s has announced the appointment of Kevin Measel to senior VP store operations West division, where he will replace Jim Frasso, who is retiring after a 17-year career with the company.

Measel has more than 28 years of retail experience in both store operations and merchandising, having served most recently as merchandising VP nursery. Additionally, he has served as regional VP, district manager and store manager. He joined Lowe’s in 1994.

February 22, 2012

Two men used counterfeit dollars to purchase items at several Lowe’s stores in Florida and Alabama and then returned the items for cash, according to an article in the Press Register.

February 21, 2012

The Empire Co., a wholly owned subsidiary of New Zealand-based Tenon LTD, has been selected as the exclusive distribution partner for Eastman Chemical Company’s new Perennial Wood decking product into Lowe’s stores.

Eastman is a Fortune 500 company with more than 80 years of history in acetylating wood pulp, according to the announcement. In 2010, 13% of Eastman’s total revenues were derived from sales of raw materials to the building and construction industry. 

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