Lowe's News

Six months after the RONA acquisition, Lowe's Canada is issuing a progress report.

A timelapse photography app for the masses is turned into a powerful marketing tool 

The coating competition will heat up in March as Lowe’s rolls out HGTV HOME by Sherwin-Williams.

The HGTV HOME by Sherwin-Williams product line will feature what both companies describe as “a new and improved interior and exterior paint program.” The line will be available at both Sherwin-Williams' company stores and Lowe's stores nationwide, as well as exclusive line extensions available at Lowe's. 

Mooresville, N.C.-based Lowe's Cos. reported second-quarter sales of $15.7 billion, up 10.3% from $14.2 billion in the same quarter last year.

Comp-store sales for the world's second-largest home improvement retailer were up 9.6%, as net earnings jumped 16.2% to $1.48 billion.

On Tuesday, Lowe’s reported its fourth-quarter financial results. On Wednesday, it was Home Depot’s turn. How do the two home center giants compare?

Lowe’s will begin carrying a line of outdoor sheds made of structural insulated panels (SIPS) at its 1,700 retail locations, as well as through its website. But unlike traditional SIPS – rigid foam insulation between two panels of oriented strand board (OSB) – the new product will be made with sheets of magnesium oxide, often referred to as MgO.

Lowe’s has announced the appointment of Marise Kumar as senior VP strategy and modeling. In this newly created role, Kumar is responsible for identifying opportunities that will positively impact the customer experience. She will work closely with leaders in the Customer Experience unit and across the organization to ensure these opportunities are practical, financially valid and create a compelling experience for customers across all channels. 

Mooresville, N.C.-based Lowe’s pulled the plug on its proposal to acquire the Canadian retailer and distributor RONA. 

The proposal, dated July 8, would have had Lowe’s acquire Boucherville, Quebec-based RONA for C$14.50 per share. 

While announcing its withdrawal of the offer, Lowe’s continued to promote the idea of a combined Lowe’s and RONA as one that makes business sense and would create significant value for all stakeholders.”