Content about Lowe's News

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.

June 10, 2013

Mooresville, N.C.-based Lowe’s has begun nationwide movie-themed Build and Grow clinics for kids, featuring projects from animated films, including the new “Monsters University,” and the 1995 hit “Toy Story.”

The special hour-long clinics, recommended for children in grades two through five, will take place on select Saturdays at 10 a.m. and Sundays at 2 p.m. throughout the summer, the company announced. 

May 22, 2013

Mooresville, N.C.-based Lowe’s reported net earnings of $540 million for the quarter ended May 3, 2013, a 2.5% increase over the same period a year ago. 

Sales for the quarter decreased 0.5% to $13.1 billion from $13.2 billion in the year-ago quarter. Comparable-store sales for the quarter decreased 0.7%. 

May 6, 2013

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

New London, N.C.-based Fiberon has announced the availability of its Fiberon HomeSelect railing brand at Lowe’s.

Fiberon chose to announce this agreement during Earth Day week, reflecting the company’s commitment to its sustainable manufacturing process.

For instance, Fiberon says that the product captures 98.5% of waste materials. In addition, 40,000 tons of wood and plastic are kept out of landfills through the process.

April 19, 2013

The retailer’s Corporate Social Responsibility Report Card covers education, environment and more.

Lowe's has just released its Corporate Social Responsibility Report Card, which covers education, environment and more. 

“To achieve greater progress for our communities and our company, we continue to build on our commitment to never stop improving,” said Robert Niblock, Lowe’s chairman, president and CEO. “We’re focused on carrying out those responsibilities every day with the help of our 245,000 employees across North America.” 

April 5, 2013

The effort brings a line of Valspar Pro and dedicated in-store service to more than 1,700 Lowe’s retail locations, according to the manufacturer's announcement.

Minneapolis-based The Valspar Corp. says it expanded its retail paint program with Lowe's, tailoring it to the needs of the professional painter.

The effort brings a line of Valspar Pro and dedicated in-store service to more than 1,700 Lowe’s retail locations, according to the manufacturer's announcement. 

March 14, 2013

One of the ways Lowe’s says its competing in the price wars -- especially with Internet retailers -- is a merchant mind-set of “dead net pricing.”

One of the ways Lowe’s says its competing in the price wars -- especially with Internet retailers -- is a merchant mind-set of “dead net pricing.” 

Speaking at the UBS Global Consumer Conference Wednesday, Lowe’s CEO Robert Niblock described his company’s improvements in the price wars.

March 12, 2013

According to an article in the New York Times, a family/female approach to TV spots gets a dose of testosterone.

An article in Tuesday's New York Times reveals Lowe's is making a shift in its approach to advertising by directly courting male DIYers.

The article, under the headline "Lowe's Campaign Keeps Eye on the Weather," describes a 60-second TV spot planned for the upcoming college basketball tournament. In the ad, men pretend to compete in sports using hand tools and other home improvement merchandise. The ad aired Sunday during a Nascar race. 

March 8, 2013

Lowe’s named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company.

Lowe’s named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company.

Pier Castelló will report to William D. (Doug) Robinson, head of international operations and development.

March 6, 2013

The U.S. Environmental Protection Agency (EPA) has named Lowe’s winner of the Energy Star Partner of the Year – Sustained Excellence Award for the fourth consecutive year.

The U.S. Environmental Protection Agency (EPA) has named Lowe’s winner of the Energy Star Partner of the Year – Sustained Excellence Award for the fourth consecutive year. The 2013 award recognizes Lowe’s long-standing leadership as a retailer of energy-efficient appliances and products. Lowe’s will receive the EPA’s most prestigious honor at a ceremony in Washington, D.C., on March 26. 

February 26, 2013

On Tuesday, Lowe’s reported its fourth-quarter financial results. On Wednesday, it was Home Depot’s turn. How do the two home center giants compare?

On Tuesday, Lowe’s reported its fourth-quarter financial results. On Wednesday, it was Home Depot’s turn. How do the two home center giants compare?   

February 25, 2013

Comp-store sales were up at the No. 2 home center chain, but fourth-quarter sales and earnings declined.

Comp-store sales were up at Mooresville, N.C.-based Lowe's, but fourth-quarter sales and earnings declined. 

Lowe's fourth-quarter sales declined 5.0% to $11.0 billion, the company reported Monday morning. Comp-store sales increased 1.9%. Net earnings declined 10.6% to $288 million.

February 21, 2013

Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb 25.

Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb 25. Lee will report to Robert J. (Bob) Gfeller, customer experience design executive.

Lee will be responsible for translating business strategies into integrated, multi-channel experiences that deliver value to home improvement consumers. Named a “Master of Innovation” by BusinessWeek in 2006, Lee has driven customer-centric business transformation for more than 20 years.

February 12, 2013

Rebuilding Together has teamed up with Lowe's through its Community Partners program to provide free home repairs to four low-income homeowners and to support the Friendly House in the Central City neighborhood of Phoenix on Feb. 20 and 21.

Rebuilding Together has teamed up with Lowe's through its Community Partners program to provide free home repairs to four low-income homeowners and to support the Friendly House in the Central City neighborhood of Phoenix on Feb. 20 and 21.

In its six years of partnering with Rebuilding Together, Lowe's has donated $7 million and completed 958 projects across the country.

More than 100 Lowe's Heroes employee volunteers from area Lowe's stores will team with Rebuilding Together Valley of the Sun.

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.

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.

Prud’homme will report to William D. (Doug) Robinson, head of international operations and development.

February 11, 2013

Facing a potential public relations battle, the retail chain promotes plans for the smallest Lowe’s in New England.

Mooresville, N.C.-based Lowe’s formally announced its plans to build a home improvement store in Dennis, Mass., while at the same time unveiling a website promoting the store’s virtues. 

The proposed store is smaller than Lowe’s standard prototype, which, according to the retailer reflects its efforts to submit a design that best serves Dennis and Cape Cod customers and also fits within the community character of the area.

February 5, 2013

ChoiceDek Foundations has announced that 959 Lowe's stores will begin carrying the company’s speed rail system -- a composite material interpretation of classic wood deck speed railing -- this month.

ChoiceDek Foundations has announced that 959 Lowe's stores will begin carrying the company’s speed rail system -- a composite material interpretation of classic wood deck speed railing -- this month.

"Carpenters for years have used classic 2x4 wood railing systems,” said Brent Gwatney, SVP sales and marketing for ChoiceDek decking products. “Now ChoiceDek is offering homeowners and building pros the same simplicity in a more durable composite railing system."

January 30, 2013

The Mooresville, N.C.-based home center giant promoted Stephen Szilagyi to oversee logistics and distribution.

Mooresville, N.C.-based Lowe’s has promoted Stephen Szilagyi to the post of supply chain executive, responsible for overseeing Lowe’s state-of-the-art logistics and distribution network that expedites the replenishment of merchandise and supplies to all Lowe’s stores.

He will report to Rick Damron, chief operating officer.

January 25, 2013

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

Mooresville, N.C.-based Lowe’s has hired Michael Jones as its chief merchandising officer. 

Jones will be responsible for the merchandising offering for Lowe's stores and Lowes.com as well as all global sourcing activities. He will report to chief customer officer Gregory M. Bridgeford.

January 23, 2013

Lowe’s is gearing up for increased demand this spring, by hiring approximately 45,000 seasonal employees at its stores in the United States. The company will also add 9,000 permanent part-time employees.

Seasonal jobs available are focused on customer support and include cashiers, lawn and garden specialists, loaders, and stockers. The number of hours worked per week will vary based on the needs of individual stores, but, on average, seasonal employees could work an estimated 20 to 25 hours per week. 

January 17, 2013

Months of speculation about a possible Lowe’s closing is causing some fiscal angst among city officials in San Marcos, Calif., according to an article in the San Diego Union-Tribune.

Months of speculation about a possible Lowe’s closing is causing some fiscal angst among city officials in San Marcos, Calif., according to an article in the San Diego Union-Tribune. First opened in 2004, the home improvement retailer anchors a major shopping center and pays the city $587,000 a year in lease revenues.

January 11, 2013

An irate customer planted a fake grenade in the lumber department of a Lowe’s in Texas, prompting an evacuation of the store. The January 9 incident, reported by the Houston Chronicle, began around 1:15 p.m. when the suspect entered the store with a hollowed-out grenade. 

January 11, 2013

Lowe’s sponsored a networking reception this week at the 2013 International CES in Las Vegas, giving the home improvement retailer a chance to showcase its new offerings in the “connected home” product category. The Jan. 8 event was in partnership with Parks Associates, an international research firm that hosts the annual Connections Summit at CES.

January 8, 2013

A canine officer helped capture a suspected thief at a Lowe’s store in Chico, Calif., according to an article in the Chico Enterprise-Record.

A Chico police officer patrolling the area at 10:30 p.m. on Sunday, Jan. 6, noticed a damaged chain-link fence in the store’s garden center. Merchandise was stacked nearby.

January 4, 2013

According to a report in the Washington Business Journal, Lowe’s plans to open in the Washington, D.C., area. 

The journal reported that the Mooresville, N.C.-based retailer will open a 130,000-sq.-ft. store in a retail development anchored by Costco Wholesale Corp. The project is reportedly being developed by Fort Lincoln New Town Corp.