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Lowe’s CEO Marvin Ellison says work-from-home and a robust housing market continue to give the home improvement retailer a boost
Consumers may be preparing for spring and summer travel and events but Lowe’s Cos. Chief Executive Marvin Ellison says shoppers will keep spending on their homes. “The home will be forever redefined by the pandemic,” Ellison told MarketWatch on Wednesday after the home improvement retailer LOW, -1.80% reported fiscal first-quarter results. Key among the ways in which the home has shifted during COVID-19 is that for many it doubles as a workspace. He doesn’t see the nation’s workers heading back to the office in the same way they did before the pandemic. “This drives a different kind of home spend that did not occur pre-pandemic,” he said. “That bodes well…