Content about Lowe's News

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

Like most Americans, the editorial staff of HCN has been watching a lot of basketball lately. It’s all part of the national tradition known as March Madness, the 64-team single-elimination tournament designed to break your heart and bust your bracket.

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.

February 28, 2014

Sales to pros are growing faster than sales to consumers at Lowe’s, which recently reported a fourth quarter sales gain of 5.6%.

According to Chief Customer Officer Greg Bridgeford, the Mooresville, N.C.-based retail giant sees an opportunity to capitalize on the pro market.

February 27, 2014

For the 19th straight quarter Home Depot's total company comparable-store sales beat those of Lowe's. But the contest is getting closer.

February 26, 2014

Mooresville, N.C.-based Lowe’s reported fourth quarter sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.

The company posted fourth-quarter net earnings of $306 million, up 6.3%.

February 20, 2014

Lowe's has renewed its partnership with Habitat for Humanity in a five-year, $23.5 million deal that will continue the decade-long collaboration between the entities.

Additionally, Lowe's Heroes employee volunteers will continue supporting Habitat efforts via the donation of volunteer hours.

February 19, 2014

Ahead of the busy spring season, Lowe's is planning to hire approximately 25,000 seasonal employees to fill the ranks of cashiers, lawn and garden employees, loaders and stockers.

January 14, 2014

Lowe's has announced a strategic partnership with Porch.com, a home improvement network that connects homeowners with over 1.5 million professionals.

The partnership aims to expand Lowe's service capabilities by connecting customers with home improvement pros for nearly any project outside of what Lowe's currently offers as part of its installation services. 

January 6, 2014

Lowe's will be unveiling the latest installments in its Iris Smart Home Solutions series at the 2014 International Consumer Electronics Show, taking place Jan. 7-10 in Las Vegas.

New Iris products and services will include a water shut-off valve that cuts supply when a leak is detected, a voice control feature,smart sprinkler systems, smart meter add-ons, universal garage door openers, additional energy saving devices and more.

December 30, 2013

In light of the new rules taking effect Jan. 1 per the Energy Independence and Security Act, which is phasing out 40- and 60-watt incandescent bulbs, Lowe's is providing guidance to consumers who might still be unfamiliar with the changes.

Growing consumer acceptance of LEDs and energy-efficient bulbs has partially paved the path for this transition, but retailers might still consider offering similar guidance to their customers.

Among things Lowe's considers essential to customer knowledge:

December 12, 2013

A brand of wall-to-wall carpet sold exclusively at Lowe's is being recalled due to its failure to meet flammability standards.

The carpet, manufactured by Shaw Industries, goes by the Aristocrat II brand and has a style number of 7L514. The product in question was only sold in a "Pale Clay" color and was sold at Lowe's stores across the country between June and September 2013, costing about $1 per square foot.

No injuries or incidents were reported.

December 3, 2013

Lowe's has teamed up with State Farm to help give consumers greater access to its proprietary cloud-based platform, Iris, a DIY safety and security home management system.

Specficially, State Farm will be offering its customers special promotions on the Iris Safe and Secure kit and the Iris Smart Home kit. Some qualifying customers will receive discounts on their home insurance as well.

Iris allows users to monitor and control smoke alarms, water sensors and more using a smart phone, PC or tablet. It also notifies users of possible water leaks or fires.

December 2, 2013

Citing the company's unique problem-solving focus, Lowe's honored Olympic Paint and Stain as its 2013 Innovation Partner of the Year at its annual vendor meeting.

"With the launch of its new resurfacing product, Olympic rescued consumers who were previously stuck with only costly replacement options," said Mike Jones, Lowe's chief merchandising officer. "By working hand-in-hand, Olympic and Lowe's have raised the bar on delivering quality and value, helping make home improvement simpler by solving a complex problem for customers."

November 27, 2013

In an effort to enhance its in-store experience, Lowe's has integrated Point Inside, Inc.'s StoreMode mobile technology into its app to help customers locate products themselves.

November 21, 2013

Lowe’s CEO Robert Niblock said the Mooresville, N.C.-based retail giant saw strength in all parts of the country in the third quarter. 

As the company reported 6.2% comparable store sales gains, it also saw comps grow in 11 of 12 product categories. 

The only category to slip was outdoor power equipment. Niblock explained the catgory “was achieving solid positive comps into the last week of the quarter when faced with a substantial headwind from the sales of generators, the result of Superstorm Sandy.”

November 20, 2013

Mooresville, N.C.-based Lowe's reported a solid third quarter, with sizable gains in earnings and sales.

The company's net earnings increased 26.0% to $499 million. Sales for the quarter jumped 7.3% to $13.0 billion, up from $12.1 billion in the year ago quarter. Comparable sales for the quarter increased 6.2%. 

November 15, 2013

Lowe's has named former Wellpoint CEO Angela Braly to its board of directors, the company announced Friday.

“As former chair and CEO of a publicly traded company, Angela has strong executive leadership and strategic management skills that will be an asset to this board,” said Robert A. Niblock, Lowe’s chairman, president and CEO. “She also brings a wealth of experience and insights in critical areas such as consumer marketing, communications and public relations.”

November 13, 2013

Lowe's is offering pro tips to customers this holiday season on seasonally appropriate home improvement projects and home decor ideas.

The retailer teamed up with expert do-it-yourselfers and designers to generate "holiday-inspired rooms," with inspiration for each part of the house.

October 22, 2013

Lowe's came away with some of the highest honors in environmental stewardship from the U.S. Environmental Protection Agency (EPA).

The retailer was recognized for its freight transportation practices and water-efficient products campaign with a 2013 SmartWay Excellence Award and a 2013 WaterSense Sustained Excellence Award.

October 17, 2013

Lowe's is transitioning from diesel-fueled transport by launching a fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, Texas. The dedicated fleet will be among the first of its kind in North America, running solely on natural gas.

October 8, 2013

With the implementation of Obamacare mired in controversy, two of the nation’s largest retailers are backing an innovative Employers Centers of Excellence Network that will offer no-cost knee and hip-replacement surgeries at four highly regarded hospitals.

Walmart and Lowe’s issued a joint statement that they and other large employers had joined the Pacific Business Group on Health Negotiating Alliance (PBGH-NA) to launch the national Employer’s Centers of Excellence Network.

October 7, 2013

The Lowe's Charitable and Educational Foundation is granting $500,000 to the First Response Team of America, a nonprofit disaster response organization.