Content about Lowe's

December 11, 2014

The coating competition will heat up in March as Lowe’s rolls out HGTV HOME by Sherwin-Williams.

The HGTV HOME by Sherwin-Williams product line will feature what both companies describe as “a new and improved interior and exterior paint program.” The line will be available at both Sherwin-Williams' company stores and Lowe's stores nationwide, as well as exclusive line extensions available at Lowe's. 

December 5, 2014

Larry Stone of former Lowe's fame has been elected to serve as an independent member of the board of directors for At Home, a home decor retailer based in Plano, Texas.

"Retail industry veteran Larry Stone makes the perfect addition to the At Home board of directors," said Lee Bird, CEO of At Home. "His proven experience operating large-format stores and growing a retail chain from regional to national scale brings unique and valuable perspective to our brand."

November 26, 2014

Lowe's has bestowed Valspar with an Innovative Partner of the Year Award, owing to the introduction of its Valspar Reserve paint product.

The award, which typically goes to a number of Lowe's vendor partners who have made significant strides in product development, recognized Valspar Reserve's HydroChroma coloring system.

November 25, 2014

Lowe's has expanded its Iris smart-home offerings with the addition of the Smart Valve by Waxman, an automatic water shut-off valve that protects homes from flooding.

Here's how it works: the Smart Valve connects to water leak detectors and temperature sensors, automatically shutting off the water supply in the case of a leak or temperatures low enough to cause pipes to freeze.

November 19, 2014

It wasn't an overly encouraging day for HCN stocks, but Lowe's (LOW) was up 6.37% on news of better-than-expected earnings in Q3.

November 19, 2014

Lowe's is raising its full-year outlook on the strength of its third-quarter performance, which has exceeded expectations on Wall Street.

Fiscal 2014 guidance now pegs sales at an increase of 4.5% to 5%; comparable sales up 3.5% to 4%; a total of 10 new locations; and diluted earnings per share of $2.68 for the fiscal year ending Jan. 30, 2015.

November 18, 2014

Lowe's has brought back Ross McCanless to fill the role of general counsel, secretary and chief compliance officer, effective Jan. 12, 2015. 

McCanless previously held the legal role at Lowe's from 2003 to 2006. Since then, he went on to serve as chief legal officer, general counsel and secretary for Extended Stay America, Inc. and ESH Hospitality, Inc.

In his new position with Lowe's, he will be responsible for the company's legal matters, as well as advising the chairman and board of directors on corporate governance.

November 14, 2014

Environmental advocates and building industry pros have long circled each other in conflict and cooperation, but it seems that there's a loud and growing faction of activists putting a relatively new issue on the map.

October 28, 2014

Lowe's announced that it will enter its first two stores in Manhattan. The home improvement giant has two locations slated to open in the second half of 2015, one at 2008 Broadway at West 68th Street, and a second at 635 6th Avenue at West 19th Street. 

October 7, 2014

Six-time NASCAR Spring Cup champion Jimmie Johnson put his considerable resources to work in the relief effort following the 2013 tornado in Oklahoma.

Together with Lowe's, the Jimmie Johnson Foundation helped fund the reconstruction of three school gyms at Highland East, Plaza Towers Elementary and Briarwood Elementary in Moore, all of which are now ready for the 2014-2015 school year.

September 17, 2014

Orlando, Florida -- Financing and technology were among the new-and-improved tools that Ace Hardware executives rolled out onto the stage of the Ace Hardware general session here Wednesday morning.

At the same session, the co-op rallied around the morning's slogan "Building Momentum," and executives had statistics to back it up.             

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.