Lowe's wants to come out of this COVID-19 crisis a better company than it was going into it, CEO Marvin Ellison said.Lowe's just posted a 34.2% jump in year over year comparable sales in its second quarter.
"We are looking forward to building on this momentum on the back half of 2020 and for years to come," CEO Marvin Ellison said on the call.Consumers are continuing to flock to Lowe's for paint, interior decor, and lighting fixtures during the coronavirus pandemic, leading to bombshell quarterly earnings results for the home improvement retailer.
"We are looking forward to building on this momentum on the back half of 2020 and for years to come," he added. Bill Boltz, Lowe's vice president of merchandising, reiterated the company's belief that Lowe's shoppers have developed a "keen focus on the home" during the pandemic, with so many individuals working from home.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the French Riviera's pandemic party problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Houston we have a problem.... or in this case, France. 25 guys and only one woman, huge problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Home Depot sees a record-breaking sales spike into the summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The livestock are so predictable 🔺 E:😆 B:He siam Ra kandırdımı sizi hiç MKFGod:♥️ When people finally get to chill at home Them:hol up this lowkey trash
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lowe's employees weigh in on the company's controversial mask policy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Maybe workers should all show up an hour late for thier next shift. What are rules if we just give non mask wearers a pass. Then Lowe's won't mind that I don't trade with them. Lowes is part of the problem of the virus keeps spreading. Unprotected coughs/sneezes within the store cross contaminate products. Will I have to disrobe in my garage after visiting a Lowe’s store so I don’t accidentally bring the virus in my house b\\c someone coughed near me?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Target soars 9% after crushing earnings and reporting record same-store sales jump (TGT) | Markets InsiderTarget on Wednesday reported quarterly earnings that blew past Wall Street's expectations for the retailer. Shares of Target surged as muc...
Source: BusinessInsider - 🏆 729. / 51 Read more »
VCs say these 20 retail startups will soar in 2020 during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »