Tools

News aus der Elektroindustrie

25
Aug

Lowe's from Mooresville / NC, the second largest home improvement retailer  in the US...

Lowe's from Mooresville / NC, the second largest home improvement retailer  in the US after Home Depot, was able to increase its sales in the second quarter (May-July 2020) by over 30% from USD 21.0 bn. (EUR 17.8 bn.) to USD 27.3 bn. (EUR 23.1 bn.).

Net earnings even increased by 69% from USD 1.68 bn. (EUR 1.42 bn.) to USD 2.83 bn. (EUR 2.39 bn.).

At the beginning of August, Lowe's also announced that it would install tool rental departments nationwide in all of its branches, where e.g. professionals and do-it-yourselfers can rent branded products such as Husqvarna, Bosch and Metabo, to complete their projects. The first opening was in Lowe’s branch in Charlotte/ NC on August 20th.

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Sonepar’s Belgian subsidiary Cebeo has taken over the tool dealer Vanas Beyond Tools from Kruibeke near Antwerp with effect from 1st February.

Sonepar’s Belgian subsidiary Cebeo has taken over the tool dealer Vanas Beyond Tools from Kruibeke near Antwerp with effect from 1st February.

This family business was founded in 1946, currently employs about 45 people and made a turnover of EUR 14 m in 2014.

The takeover confirms Sonepar’s interest in expanding into the tools sector as well (hall equipment, tool cupboards, furniture and lifting tools).

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