Lowe's News

Masco Bath, a producer of showers, bathtubs and whirlpools, was given the  “Unsung Hero” award at the Lowe's Fashion Plumbing vendor forum. Masco was honored for the research, design and execution of new merchandising concepts for the bathing aisle and accessible home special order areas. These merchandising concepts have been included in the Lowe's "store of the future" layout, according to the announcement.

Mooresville, N.C.-based Lowe's reported third-quarter net income of $396 million, up 76% from earnings of $225 million a year ago. Revenues increased 2% to $12.07 billion, ahead of consensus estimates of $11.93 billion.

In the aftermath of Hurricane Isaac, Lowe’s stores are offering free recovery advice at three stores in Mississippi.

The U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) said Mississippi residents who suffered damage from wind and flooding caused by Hurricane Isaac can get free advice on rebuilding stronger, more disaster-resistant structures from FEMA specialists at the three stores.

She will succeed Maureen Ausura, who is retiring after 11 years with the company.

Ace took home 1st place, amid other big names in home improvement.

A suspected bank robber in Santa Fe, N.M. was arrested this week after a Lowe’s employee uncovered more than $48,000 in stolen cash from a store trash can, according to an article in the Albuquerque Journal. 

Jaime Jesus Sanchez-Ramos, age 23, was arrested on April 10 and charges with an April 2 robbery at U.S. Bank. The suspect, who was wearing a green hooded jacket and a ski mask, allegedly entered the building and, at gunpoint, demanded money from a teller. Sanchez-Ramos fled with a box of cash stuffed with $52,650, according an FBI affidavit filed in court.

The Empire Co., a wholly owned subsidiary of New Zealand-based Tenon LTD, has been selected as the exclusive distribution partner for Eastman Chemical Company’s new Perennial Wood decking product into Lowe’s stores.

Eastman is a Fortune 500 company with more than 80 years of history in acetylating wood pulp, according to the announcement. In 2010, 13% of Eastman’s total revenues were derived from sales of raw materials to the building and construction industry. 

Lowe's and Houzz, a website for home remodeling ideas, design and social interaction, has announced a marketing relationship that kicks off with a "Dream Kitchen" sweepstakes. The winner of the contest will receive a “dream kitchen,” valued at $50,000, designed and built by Houzz's top designers and contractors with materials from Lowe's.