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Applications open to pitch product to Lowe’s home improvement
“Into the Blue: Lowe’s Product Pitch Event” will be held Nov. 2-3 at the Lowe’s Tech Hub in Charlotte’s South End. Lowe’s Businesses wishing their products were sold at Lowe’s home improvement stores are getting their chance to pitch them to the company. And, it culminates with a two-day event this fall in Charlotte. For the first time in Lowe’s 101-year history, the retailer will hold a “live pitch event” for entrepreneurs and businesses of all sizes to become suppliers to the chain. “We’re always continuously looking for that new and different product,” Sarah Dodd, senior vice president of global merchandising at Lowe’s, told The Charlotte Observer. “And sometimes we…
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Home Depot Vs. Lowe’s: Battle Of The Home Improvement Chains
aluxum This article was coproduced with Mark Roussin. Not long ago, the housing market was once the darling of the U.S. economy. It was an unstoppable force, with sellers making money hand-over-fist in ever-rising amounts. Now things are beginning to soften – though notice I didn’t say “decline” or “weaken.” Only “soften.” That might sound surprising considering our current situation, with red-hot inflation, weakening job stats, and what looks like an oncoming recession. And indeed, buyers are becoming more hesitant to sign on the dotted line. Those who do have been canceling them at the highest rate since early 2020. In the month of June alone, 15% of all homes…
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Police presence outside Lowe’s Home Improvement in Greensboro
Greensboro police said they received several calls about an armed man who ran inside the store. Rayvon Juriel Barrett was arrested a short time later. GREENSBORO, N.C. — A Greensboro Lowe’s Home Improvement is open again after someone entered the store with a gun, forcing an evacuation. Police responded to the East Cone Boulevard store Wednesday afternoon. Police arrested the suspect, 23-year-old Rayvon Juriel Barrett, shortly after. No one was hurt. Barrett is facing several charges, including going armed to the terror of people, possession of firearm by a felon, possession of a stolen firearm, resisting, delaying or obstructing an officer, and carrying a concealed weapon. Police said they were…
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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…
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Lowe’s Memorial Day sale 2022: Up to $750 off appliances
Start your Memorial Day celebrations early with stellar savings at Lowe’s. Right now, get up to 50% off patio furniture, 25% off outdoor tools and equipment and 30% off kitchen cabinet projects. Faucets, vanities and showerheads are also marked down, and you’ll score free delivery when you spend $299 or more on major appliances. Below, check out the best Memorial Days deals from Lowe’s that you can shop right now. Add some elegance to the patio with these metal-framed chairs, featuring powder-coated black frames made from rustproof aluminum. We love this dining set’s unique chevron detailing, as well as the fact that the extendable table has a dedicated slot for…
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How Will Lowe’s Deal With Slowing Home Improvement Spending?
Lowe’s (LOW -2.33%) plans to report fiscal 2022 first-quarter earnings on May 18. The second-largest home improvement company in the world is expecting sales growth to moderate in the coming year. Lowe’s thrived as millions of homeowners took economic lockdowns as an opportunity for long overdue home-improvement projects. Understandably, sales would slow down after such a boost. After all, there are only so many rooms you can paint. The question on investors’ minds is: How will Lowe’s cope with moderating consumer spending? Image source: Getty Images. Profits are forecast to expand even with flat sales Fiscal year 2021, which ended on Jan. 28, was remarkable for Lowe’s. Sales increased by…
