Barry Lewis/InPictures via Getty Images
In fact, Lowe's CEO Marvin Ellison said that the aging housing stock in the US is good for business. Both Lowe's CEO Marvin Ellison and Home Depot CEO Craig Menear said that new construction has little bearing on their businesses. Instead, upgrading older, existing homes guarantees customers keep coming back.
Ellison delved into why older housing stock and a "limited inventory in new homes" actually provide a boost for home improvement retailers.
No shit.
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.
We went inside a West Bank factory to see how people make soap out of olive oil - 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 »
Lowe's e-commerce makeover came just in time for new home projects - 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 »
4 signs you can afford a second home, according to a financial planner - 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. Really helpful information during a pandemic and recession!
Source: BusinessInsider - 🏆 729. / 51 Read more »