Lowes

Articles on Lowes

  1. Trends & External Forces

NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink

The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […]
2 min read
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  1. Data & Insights

Sears is a shell of its former self. So why is it reopening some stores?

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Sears and Kmart once dominated the retail landscape. When the companies merged in 2005, they had nearly 3,500 stores. For context, that’s more stores than Target, Macy’s and Lowe’s currentlyoperate. But years of business missteps have reduced the once mighty retailers to […]
5 min read
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  1. Channel: Grocery

Stryve Foods expands distribution to retail stores

 ​​[[“value”:” The company’s meat snacks will be available at Southeastern Grocers, Cub Foods, Lunds/Byerly’s, Fresh Thyme, Lowes Foods, AAFES, Holiday Oil, Timewise, Family Express and Dash In. “]] 
< 1 min read
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  1. Channel: Home Improvement

Home Depot, Lowe’s Look to ‘Pros’ for Growth

Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […]
2 min read
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  1. Channel: Home Improvement

Home Depot, Lowe’s Look to ‘Pros’ for Growth

Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […]
2 min read
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  1. Trends & External Forces

Will the U.S. Get Hit With a Recession in 2024?

Subscribe to the Advisor Channel free mailing list for more like this Will the U.S. Get Hit With a Recession in 2024? This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients. For much of the last year, […]
3 min read
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  1. Acquisitions, Divestitures & Mergers

Sycamore Partners Acquires Chico’s for $1 Billion

VC firm Sycamore Partners will purchase Chico’s FAS for $1 billion in a deal that will take the apparel retailer private. Shareholders will receive $7.60 per share in cash, representing a 65% premium to the company’s closing stock price on Sept. 27, 2023, the last trading day prior to the transaction. Chico’s operates more than […]
2 min read
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  1. Department: Nonfood

Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States

Target will close nine stores in four cities on Oct. 21, 2023, saying theft and organized retail crime are threatening the safety of its customers and associates and “contributing to unsustainable business performance,” according to a company statement. Target noted that it has made multiple efforts to secure these location, including adding more security team […]
2 min read
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  1. Operations & Supply Chain

The Weekly Closeout: RH wants to restore iconic Miami Beach property, Banana Republic sells furniture

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about. From Amazon facing a proposed class action […]
5 min read
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  1. Channel: Home Improvement

Lowes Foods acquires Foothills IGA Market in Georgia

Lowes Foods will bring the Lowes banner to Georgia via the acquisition of a Foothills IGA Market in Marble Hill, Georgia, according to reporting from Georgia news group Smoke Signals. This would be the first store in the state of Georgia for the Winston-Salem, North Carolina-based Lowes Foods. The sale is expected to finalize in September. Related: Lowes […]
< 1 min read
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  1. Data & Insights

The Home Improvement Boom: Evolving Consumer Behaviors in a Post-Pandemic Era

During the pandemic, home improvement projects surged. However, as noted in YipitData’s 1H23 State of the Home Improvement Report, consumer behaviors have since recalibrated and subsequently transformed the industry. While GMV sales growth has slowed to 2-3% in 1H23 vs 23.5% in 2021, the industry’s outlook still remains positive with 1H23 amassing an impressive $220 […]
2 min read
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  1. Data & Insights

Concrete Sales: Top Brands & Performance Trends

Market share, sales, and pricing at Home Depot and Lowe’s serve as crucial indicators of brand performance in the concrete, stucco, mortar, and asphalt space among consumers. When looking at major retailers in the concrete industry, two primary brands stand out in sales volume: Quikrete and Sakrete. Concrete Average Selling Price United States Sep 2021 […]
< 1 min read
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  1. Associates & Employees

Lowe’s to Give Over $100M in Bonuses to Frontline Workers This Quarter

In its second-quarter earnings report, Lowe’s announced it would be doling out over $100 million in discretionary and profit-sharing bonuses to its frontline employees. The home improvement retailer employs roughly 300,000 associates, according to its website. Payscale, a compensation software and data company, estimates the average hourly rate at Lowe’s to be $14.74. Shares of […]
2 min read
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  1. Trends & External Forces

Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety

While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […]
2 min read
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  1. Trends & External Forces

Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety

While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […]
2 min read
0
  1. Channel: Home Improvement

Lowe’s to give $100M in bonuses to frontline workers

​Lowe’s on Tuesday reported net sales of $24.9 billion, down 9.1% year over year, and net earnings of $2.7 billion, a decrease of 10.6%. The retailer said that comparable sales fell 1.6% in Q2 but that Pro and online sales growth partially offset lower DIY discretionary demand. Operating income for Q2 fell to $3.9 billion […]
2 min read
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  1. Department: Nonfood

Lowe’s Expands Partnership With Petco to 300 Stores

Lowe’s and Petco have announced the expansion of their pilot program that brings products, services and expertise — for both home and pets — into a one-stop shop, growing from 15 Lowe’s stores to nearly 300 locations by year-end. Focusing on rural communities across the country, this expansion offers a new convenience to shoppers, providing access to […]
< 1 min read
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  1. Department: Nonfood

Lowe’s to Expand Petco Store-in-Stores to 300 Locations, Focused on Rural Locales

Lowe’s and Petco are expanding their store-in-store pilot program, which launched in February 2022, from 15 locations to nearly 300 by year-end. The expansion will focus on rural communities and is part of Lowe’s broader rural strategy of tailoring its assortment in up to 300 stores to include everything needed for farm and home. Petco […]
2 min read
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  1. Channel: Home Improvement

Lowe’s Rolls Out Same-Day Delivery Nationwide

Using its 1,700+ stores to support fast fulfillment, Lowe’s has expanded same-day delivery services across the U.S. in partnership with OneRail. Orders placed on Lowes.com or the retailer’s mobile app by 2 p.m. local time will be delivered that day; orders placed after 2 p.m. will be delivered the following day. The retailer began piloting […]
< 1 min read
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  1. Department: Food

Is Grocery Store Deli Delivery the Next Big Thing

  Restaurants and Convenience stores operators have to be worried if grocery stores deli’s start doing a good job with online ordering and delivery that their sales and customer frequency numbers just might drop.  According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® grocery store deli’s have the advantage of incremental order […]
4 min read
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  1. Data & Insights

Why the Secret to Nailing Your E-Commerce Strategy Requires Lighting Up the Senses

Have you ever compared your online shopping experiences to your in-store experiences? Physical and digital retail experiences should both be inspirational and filled with entertainment and emotion. But that doesn’t change the fact that when it comes to engaging customers and eliciting sales, physical retail has a “leg up” on e-commerce because real-world shopping experiences […]
4 min read
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  1. Technology & Innovation

Retail Media Update: Kroger to Add Screens at 500 Stores, Walmart Names New Tech Partners and Save Mart Joins the Mix

The growth of retail media shows no sign of slowing, as established players announce new expansions and new retailers, most recently Save Mart, enter the mix. In the latest developments, Kroger is looking beyond its websites with plans to expand in-store advertising opportunities, and Walmart is teaming up with more tech partners to help brands […]
3 min read
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  1. Corporate Strategy

Retail TouchPoints Reveals Latest 40 Under 40 Award Winners

Retail TouchPoints and Design:Retail have unveiled the 2023 winners of the annual 40 Under 40 Awards, representing a dynamic and diverse class of executives who have contributed to industry progress.   The 40 Under 40 Awards have evolved to spotlight the personal and professional accomplishments of executives across the retail industry — from store design to CX […]
3 min read
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  13. Stores & Formats

NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink

The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […]
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