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Lowe's names Michael Jones chief customer officer
Lowe's has named Michael A. Jones chief customer officer, replacing the soon-to-be-retired Gregory Bridgeford.
Effective April 30, Jones (who is currently chief merchandising officer) will transition into his new role, in which he'll be responsible for developing a customer-centric experience via design, merchandising, marketing and digital interfaces.
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Net earnings surge at Lowe's in Q3
Mooresville, N.C.-based Lowe's reported a solid third quarter, with sizable gains in earnings and sales.
The company's net earnings increased 26.0% to $499 million. Sales for the quarter jumped 7.3% to $13.0 billion, up from $12.1 billion in the year ago quarter. Comparable sales for the quarter increased 6.2%.