Lowe's News

The retailer touted its progress on waste reduction, energy, workplace safety and diversity, product sustainability and charitable giving.

Lowe's outperformed its own expectations on the crest of a rising wave in the housing market.

The independent merchants that operate 164 RONA stores across Canada have added their voice to the opposition of a Lowe’s takeover.

The dealers have written a letter to Lowe’s CEO Robert Niblock, which was made public Wednesday. In it the dealers write:

The battle over online purchasing and sales tax might be winding to a close as more Republican governors are dropping their opposition to a mandatory state tax on Internet sales. The turning point may have been in May, when New Jersey Gov. Chris Christie cut a deal with Amazon.com: Residents of New Jersey would pay a 7% sales tax on Amazon.com purchases, and the nation’s largest e-tailer would build two distribution centers in the state.

Police are asking for the public’s help in identifying two men suspected of stealing six Husqvarna chain saws at a Lowe’s store in Springfield, Mass., according to a report on WGGB-TV, an ABC affiliate.

On May 21, the individuals allegedly placed the items, valued at $766 each, in a store cart and wheeled it out the front door. 

Meanwhile, The Home Depot points to a $250 million commitment to veterans housing. 

In New York, Long Island Business News reported that Lowe’s took a bath on a real estate deal involving a proposed Long Island store.

According to the newspaper, the Mooresville, N.C.-based home center giant paid some $26 million for a piece of property formerly owned by Pall Corp. But it decided to sell when community opposition prevented a zoning change. According to the paper, Lowe’s recently sold it to St. Francis Hospital for about $16 million.

Lowe’s corporate downsizing, initially reported as a reduction in customer service employees, will apply to corporate staff as well, according to an article in the Charlotte Observer.