Lowe's

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Lowe is the second largest home improvement retailer in the US after Home Depot, with sales of USD 55.66 bn (EUR 48.95 bn)........

Lowe is the second largest home improvement retailer in the US after Home Depot, with sales of USD 55.66 bn (EUR 48.95 bn).

in the 9 months of its 2018 fiscal year (February - October), compared to a year ago this was a plus of 4.8%. Net earnings were USD 3.1 bn (EUR 2.7 n); an increase of 8.5%.

Despite the good results, the new CEO Marvin R. Ellison was not satisfied with some sections and problems in certain categories.

Lowe does not look for short-term solutions to these problems; they want to redesign processes and systems in order to achieve sustainable improvements. Activities that are no longer part of the core business or branches that underperform will be closed.

These include now 20 stores in the United States, and 31 stores in Canada; Furthermore, they intend to exit their retail operations in Mexico.

Now it's all about focusing on the 4th quarter and its core business.

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Lowe's, after Home Depot the second-largest home improvement retailer in the US, loses its top boss.

Lowe's, after Home Depot the second-largest home improvement retailer in the US, loses its top boss.

Robert A. Niblock, retires after 25 years, 13 of which as Chairman and CEO. Niblock will remain on an interim basis until a successor has been found to ensure a smooth transition.

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Lowe's, the second-largest home improvement retailer in the US after Home Depot, achieved sales of USD 68.6 bn (EUR 55.8 bn) in 2017/2018 (end of February 2018).....

Lowe's, the second-largest home improvement retailer in the US after Home Depot, achieved sales of USD 68.6 bn (EUR 55.8 bn) in 2017/2018 (end of February 2018).....

against USD 65.0 bn (EUR 52.9 bn) the year before. This represents an increase of 5.5%. Net income was USD 3.4 bn (EUR 2.8 bn), up 12.9%.

Lowe’s operates 2,152 stores in Canada, Mexico and the US, employing over 310,000 people.

Like Home Depot, Lowe's benefited from the construction boom in the United States, and Robert A. Niblock, President and CEO, was pleased with the outcome.

With the rapidly evolving competition, they want to accelerate their strategic investments in 2018 by making better use of the benefits of the tax reform.

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