Content about Lowe's

September 3, 2014

Atlanta, Georgia-based Levolor is adding to its Accordia Custom Cellular Shade product offerings, which hit Lowe's shelves exclusively on Aug. 28 and are due in other nationwide home improvement retail stores Oct. 1.

The Accordia portfolio, which currently spans more than 200 styles, will be expanded further with new color and fabric swatches.

New to the crop are the Heathered and Tree Bark collections, which feature hues such as buttercream, light fog, cherry blossom, marine, amethyst and bayleaf.

September 2, 2014

A Marin County California judge ordered Mooresville, North Carolina-based Lowe’s to pay a $1.6 million settlement over a lawsuit alleging the inaccurate description of structural dimensional building products.

One upshot of the settlement is the intention of Lowe’s to include the actual product dimensions of 2x4 lumber (1.5 inches by 3.5 inches) along with the description of the product as a “2x4.”

August 28, 2014

Lowe's took a deeper look at the motivations and desires that shape America's attitude toward smart home technology, many of which suggest that simplicity - and not so much the fancy bells and whistles -- will save the day.

The Lowe's 2014 Smart Home Survey questioned more than 2,000 U.S. adults, conducted online in July by Harris Poll.

August 20, 2014

Home Depot (HD) was still feeling the effects of its positive quarterly earnings report Wednesday. Lowe's stock also did better than most as a result of its similarly strong financials this morning. 

August 20, 2014

On Wednesday morning, it was Lowe's turn to deliver strong quarterly earnigns.

And the Mooresville, North Carolina-based retail giant did just that. The company reported net earnings of $1.04 billion for the quarter ended Aug. 1, marking a 10.4% increase over the second quarter last year. Sales for the quarter were up 5.7% to $16.6 billion, as comparable-store sales were up 4.4%.

"We were able to recover most of the outdoor product sales missed in the first quarter due to unfavorable weather conditions," said Robert Niblock, president and CEO.

August 18, 2014

Citing insider sources, Bloomberg reported Friday that Lowe's is working with Goldman Sachs in its search for acquisitions in Brazil, although the company is still reportedly weighing its options.

The move would help Lowe's establish a presence in a market without clear leaders -- one that's expanding as incomes (and the number of new homeowners) grows in Brazil. As it stands, there's little competition aside from corner hardware stores.

July 29, 2014

Lowe's is catering even further to its pro customers with the launch of ProExpress, an on-demand delivery service for emergency and last-minute supplies.

"For pros, time is money," said Mike Horn, VP ProServices. "The ProExpress program allows us to offer our pro customers the ultimate convenience and flexibility by delivering the materials they need, when they need them."

July 22, 2014

Lowe's revealed its plans Tuesday to build a new Customer Support Center in Indianapolis, which is expected to reach completion by 2016.

The announcment was made with Lowe's officials in the company of Indiana Governor Mike Pence and Indianapolis Mayor Greg Ballard. 

July 22, 2014

The Devine Contact Collection of luxury vinyl flooring is now available at Lowe's locations throughout Canada.

The flooring product, which offers the additional sales proposition of easy installation with a patented adhesive backing, is also currently distributed through Wanke Cascade in the Western U.S. The product is not on the shelves in Lowe’s U.S. stores.

June 25, 2014

Mooresville, North Carolina-based Lowe’s CFO Bob Hull added color to the company’s effort to maximize its multichannel efficiencies and move away from a build-stores-and-they-will-come approach to growth.   

[Read about Lowe's first quarter earnings here.]

June 13, 2014

Lowe's is taking a big step into the future with the launch of the Lowe's Holoroom, a life-size, 20-ft.-by-20-ft. virtual room that uses augmented reality and 3-D technology to create simulations of home interiors.

June 9, 2014

Lowe's and Paul Ramsay have made it official. Having served his time as acting CIO since March, Ramsay is now officially enjoying the title of chief information officer, effective immediately.

June 7, 2014

Coupons for Iris from Lowe's, the smart home program, are reaching State Farm insurance customers thanks to a deal between the insurance and retail giants. 

In mailings to its customers, State Farm has included coupons good for $10 discounts for Iris Safe & Secure Kits and $25 discounts for Iris Smart Kits. State Farm is further incentivizing the systems with up to 2% discounts on homeowners insurance for those who have the systems in their homes.

May 29, 2014

While a far cry from the kind of widespread data breach that struck Target Corp. last year, an employee-related data breach at Lowe's has spurred letters to possible victims who are advised to be aware of the breach.

The breach affected the company's current and former drivers, who may have had their personal information -- including social security numbers -- compromised when data was backed up unintentionally on a computer that was not secure and open to the Internet. 

May 21, 2014

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Lowe's sales increased 2.4% in the first quarter, rising to $13.4 billion. Comparable-store sales increased 0.9%.

The Mooresville, North Carolina-based retail giant reported a net earnings surge of 15.6% to $624 million for the quarter ended May 2.

May 21, 2014

On a day when bulls beat the bears, both Sears Holdings (SHLD) and Sears Hometown (SHOS) closed Wednesday down more than 3%. 

May 21, 2014

Lowe's has a new SVP in Michael Tummillo, who is taking over the Building and Maintenance division as SVP and general merchandising manager.

In his new role, Tummillo will be responsible for the company's Lumber & Building Materials, Millwork, Tools & Hardware and Rough Plumbing & Electrical divisions.

He replaces Michael McDermott, who will now serve as CMO and direct supervisor to Tummillo.

April 30, 2014

Imperial, Missouri-based Masterchem Industries is getting ready to roll out a new version of its KILZ Hide-All primer, which will sell for an opening price point and will be sold exclusively at Lowe's stores nationwide.

The multi-surface interior waterbased primer and sealer is designed to cover up imperfections and mask texture and porosity differences. It can be brushed, rolled or sprayed and is typically ready for a top coat after one hour.

April 29, 2014

Lowe's and Porch have been busy since announcing their strategic partnership last January. Now, the companies are making the alliance known in all 1,700+ Lowe's stores nationwide after first introducing the service in the Carolinas and Seattle areas.

That means Porch is the in-store resource at every Lowe's store in the country, there to help homeowners link up with home improvement professionals for just about every project outside of Lowe's current installation services.

April 24, 2014

Mooresville, N.C.-based Lowe's has named Michael McDermott to the high-profile position of chief merchandising officer.

McDermott replaces Michael Jones, who is transitioninig into the role of COO on April 30, supervising McDermott. He will be responsible for the merchandising operations of Lowe's U.S. business, as well as all global sourcing activities. He has been with the company since 2013 as SVP general merchandising. He has over 20 years of experience in the field, with previous stints at General Electric.

April 17, 2014

According to the U.S. Environmental Protection Agency and the Department of Justice, Lowe's has agreed to settle its lead paint case for $500,000 and to implement a new compliance program at all 1,700+ locations nationwide.

The settlement is a response to an EPA investigation that found that Lowe's lacked the documentation to prove it had abided by the agency's regulations when hiring contractors in nine states or using EPA-approved lead paint testing kits. The EPA was originally tipped off by comments and complaints from the public.

March 25, 2014

Hundreds of Lowe's employee volunteers teamed up with Habitat for Humanity affiliates to build homes in 10 U.S. cities this Friday, kicking off the nationwide volunteer drive known as "Hammers for Habitat."

“Lowe’s has been one of the bedrock partners for Habitat for many years,” said Habitat for Humanity International CEO Jonathan Reckford. “We’re so excited about our long-term partnership, the effort to get 100,000 new volunteers active in Habitat’s work and the ripples of impact that will come from that.”

March 24, 2014

Paul Ramsay has been named chief information officer at Lowe's following the departure of Kevin Summers earlier this month, according to multiple media sources. 

Summers was only with the home improvement retailer for two years, but specific reasons for his departure were unknown. Lowe's spokeswoman Chris Ahearn told multiple sources that the move was not related to a data breach like the one Target had, costing Target CIO Beth Jacob her job.

March 4, 2014

Lowe's has named Michael A. Jones chief customer officer, replacing the soon-to-be-retired Gregory Bridgeford.

Effective April 30, Jones (who is currently chief merchandising officer) will transition into his new role, in which he'll be responsible for developing a customer-centric experience via design, merchandising, marketing and digital interfaces.

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