Lowe’s to Close Stores In Restructuring Push
The company said the closures would incur costs of as much as $300 million, or 28 cents per share.
CFOs on the Move: Week Ending Aug. 24
United Airlines, Hertz, Uber, Lowe's, Coty, 99 Cents Only Stores, Superior Group, IAP Worldwide, Dorman Products, Parexel
CFOs on the Move: Week Ending June 8
Ellie Mae, Lowe's, Newell Brands, CPI Card Group, Advance Publications, The Andersons, Fitbit, Hayward Industries, Owens & Minor, Celgene
Lowe’s Shares Drop 3% on Q1 Earnings Miss
Same-store sales grew 1.9%, above the company's historical average but below rival Home Depot's 5.5% gain in its first quarter.
Lowe’s Buys Wholesaler to Boost Pro Business
The $512 million acquisition of Maintenance Supply Headquarters will enhance Lowe's ability to serve customers such as contractors.
CFOs on the Move: Week Ending Jan. 20
Kellogg, Lowe’s, PPG, AIP Aerospace, Bluestem Group, Rocky Brands, Huron Consulting Group, American Campus Communities
New Cures for Health Costs
Innovative ways to engage employees offer hope for bringing health care spending under control.
Lowe’s to Acquire Canada’s Rona for $2.3B
The home improvement giant is hoping to avoid the political complications that helped derail its 2012 offer for Rona.
Lowe’s Case Highlights Worker Misclassification Lessons
The rising use of independent contractors could cause more companies to become entangled in costly lawsuits.
Bleak Week for Three Retailers
Staples says it will close 140 stores this year, while Lowe's and Target cut their revenue and profit forecasts, respectively.