Lowes

Articles on Lowes

  1. Channel: Home Improvement

Your Views:  Stack & Rank

The other day we took note of an Associated Press report that “a coalition of consumer groups is asking grocery chains to rethink their digital-only coupons, saying the deals discriminate against people who don’t have smartphones or reliable internet access.” The argument, as advanced by Edgar Dworsky, a consumer advocate and former assistant attorney general […]
7 min read
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  1. Shopper & Customer

How Brands Can Get the Most Out of Their Retail Media Strategies

Retail media networks (RMNs) have been dominating the e-commerce conversation as retailers look for new revenue streams amid increasing margin pressure, inflation and ongoing supply chain challenges. These networks serve as a kind of digital end-cap display for brands, giving them a way to optimally position their products on a website for easy discovery — […]
3 min read
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  1. Shopper & Customer

3 Ways Retailers Can Gather, Harness and Effectively Use Zero-Party Data

Much of the conversation about how marketers can collect, harness and effectively use zero-party data focuses on brands, which struggle to gather it, or information consumers proactively provide, because businesses rarely maintain direct relationships with customers at scale. Retailers face an entirely different challenge: an abundance of consumer touchpoints and a massive amount of data […]
3 min read
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  1. Channel: Home Improvement

Lowe’s Sells Canadian Business to Sycamore Partners for $400 Million

Lowe’s has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners for $400 million in cash plus a performance-based deferred consideration. The business, which is based in Boucherville, Quebec, operates approximately 450 corporate and independent affiliate dealer stores under several different formats and banners, including RONA, Lowe’s Canada, Réno-Dépôt and […]
2 min read
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  1. Channel: Restaurants

Free college used as a retail recruiting tool

A growing number of companies including Amazon, Chipotle, Lowe’s, Macy’s and Target are offering free college tuition as a perk of employment. Daniella Malave began working for Chipotle at 17 and now the 24-year-old works as a recruiting analyst for the chain in New Jersey. Ms. Malave graduated with a degree in business management from […]
< 1 min read
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  1. Retailer Media

Lowe’s New Partnership with Yahoo Illustrates the Maturation of Retail Media

Lowe’s has teamed up with Yahoo to power off-site media experiences for brands advertising through the Lowe’s One Roof Media Network. The new partnership is just the latest example of the maturation of the retail media model, which until recently has been dominated by fairly basic website-based offerings such as sponsored search, display ads and […]
2 min read
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  1. Data & Insights

From Reviving Retail to Inventory Management, Here Are This Month’s Insights From Our Top Retail Influencers

Last Friday, RETHINK Retail hosted their September Small Groups Mixer, a monthly virtual event catered to all of 2022’s Top Retail Influencers (TRI). This month attendees discussed a range of topics including the Upcoming Holiday Season, Inventory Management, and CPG companies & their DTC approach. During the mixer, one topic that was discussed at length […]
3 min read
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  1. Corporate Finance

Amazon Creates $150 Million Fund to Invest in Minority-Owned Accelerator and VC Firms

Amazon has launched Amazon Catalytic Capital, an initiative that will invest $150 million in venture capital funds, accelerators, incubators and venture studios that provide funding to entrepreneurs from underrepresented backgrounds, primarily at the pre-seed/seed stage of venture capital funding. The company will invest in funds that focus on Black, Latino, Indigenous, women, and LGBTQIA+ founders […]
2 min read
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  1. Technology & Innovation

September 2022: retail technology deals and deployments at a glance

RTIH rounds up the stand out retail systems deals, deployments and pilots from September, including Walmart, Amazon’s Just Walk Out technology, Kwik Trip, Marks & Spencer, Currys, Boots, Lowe’s, Ikea, and Aldi. Lowe’s is tapping NVIDIA Omniverse Enterprise to create interactive store digital twins in Mill Creek, Wash,. and Charlotte, N.C. “We are always looking […]
6 min read
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  1. Shopper & Customer

4 Steps Retailers Can Take to Market Themselves in a Recession

Marketing is often first on the chopping block during a recession, and with GDP contracting two quarters in a row, retail marketers are working hard to determine how to make each dollar go further. Many organizations will cut marketing spend in a bid to preserve margins. But research shows slashing marketing programs can undermine revenue […]
4 min read
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  1. Media & Marketing

IBM veteran Duncan Robson becomes Chief IT Architect at Next

Next has hired Duncan Robson as Chief IT Architect. He joins from IBM where he spent almost 30 years, taking on such roles as Retail CTO for IBM UK and Executive IT Architect for the Distribution Industry and IBM TCG Chair. In a LinkedIn post, dated 20th September, Robson said: “Today was my first day […]
4 min read
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  1. Media & Marketing

Getir offers free milk with rapid delivery orders of £20 plus

Rapid grocery delivery service Getir is giving away free milk in the UK amidst the cost of living crisis.  The company says that, in supermarkets, it is cheaper to buy milk in bigger quantities, but it may not be practical for those living alone, the elderly and those who do not use a lot of […]
3 min read
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  1. Technology & Innovation

Lowe’s Introduces Interactive ‘Digital Twin’ to Align With 3D Product Catalog

Home improvement retailer Lowe’s has unveiled its interactive retail digital twin in two stores and will open its virtual 3D product catalog to populate this new technology in the coming weeks. Lowe’s digital twin is powered by the NVIDIA Omniverse Enterprise, which allows associates to engage with a store’s digital data to optimize operations and […]
2 min read
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  1. Data & Insights

Home Depot beats Amazon and Lowe’s in home improvement sales

Although both sales and prices of homes have dropped to a two-year low, the home improvement category has managed to still drive positive growth. After a brief dip in YoY home improvement sales in March 2022, sales have since rebounded this year. During the early summer months, for example, YoY online and offline GMV was […]
2 min read
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  1. Channel: Mass

Walmart Connect Update, 2Q22 eCom Recap, Amazon Seller ‘Packable’ Ceasing Operations

Walmart Connect Update – positive feedback in light of cost pressures brands are facing: In our latest Walmart Connect Update, we take a look at how brands are investing into the platform given macroeconomic pressures. Overall we’ve seen that brands are still investing on budget given the high conversion rate of retail media investments and an […]
5 min read
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  1. Corporate Finance

Major Retailers Investing in Cap Spending Despite Inflationary Pressures

CNBC reports that even “with the S&P Retail Index down nearly 30% this year, most of the industry is boosting investment in capital spending by double digits, including industry leaders Walmart and Amazon.com. Among the top tier, only struggling clothier Gap and home-improvement chain Lowe’s are cutting back significantly. At electronics retailer Best Buy, first-half profits […]
2 min read
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  1. Channel: Ecommerce & Digital

Lowe’s rolls out same-day delivery across USA with Instacart

Lowe’s and Instacart have announced that same-day delivery is now available from more than 1,700 of the former’s stores Stateside. Nearly 30,000 items can be ordered for delivery in as fast as an hour. Lowe’s is one of the first retailers on the Instacart app to roll-out same-day and scheduled delivery for large items, up […]
< 1 min read
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  1. Channel: Ecommerce & Digital

Lowe’s Introduces Same-Day Delivery Nationwide in Deal With Instacart

Lowe’s and Instacart announced that same-day delivery is now available from more than 1,700 Lowe’s stores nationwide. Nearly 30,000 items can be ordered for delivery in as fast as an hour. Lowe’s is one of the first retailers on the Instacart App to roll out same-day and scheduled delivery for large items, up to 3x3x5 […]
< 1 min read
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  1. Corporate Strategy

Lowe’s Marketing Chief Out as Part of ‘Broader Realignment’

Lowe’s EVP and Chief Brand and Marketing Officer Marisa Thalberg has left the company after working with the home improvement retailer since February 2020. The executive’s departure is part of a “broader realignment,” according to a Lowe’s spokesperson, and Thalberg’s position will not be filled; instead, the company will integrate its merchandising and marketing functions. […]
2 min read
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  1. Corporate Strategy

Lowe’s chief marketing officer exits as company realigns structure

The company is reorganizing its leadership structure, with its marketing team now reporting to Executive Vice President of Merchandising Bill Boltz. Dive Brief: Marisa Thalberg, Lowe’s chief brand and marketing officer, has exited the company as part of a broader reorganization effort. Thalberg became Lowe’s CMO in February 2020. As part of the realignment, the home improvement retailer’s […]
2 min read
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  1. Corporate Strategy

Lowe’s CMO departs as part of a corporate reorg

Lowe’s chief marketing officer Marisa Thalberg has left the home improvement retailer as part of a corporate reorganization that will see its marketing team move under Bill Boltz, executive vice president of merchandising. Lowe’s online team, which previously reported to Mr. Boltz, will now report to Seemantini Godbole, Lowe’s chief digital and information officer.
< 1 min read
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  1. Shopper & Customer

2Q earnings show how retailers dealt with inventory and inflation issues

Target and Walmart have found that consumers are cutting back on discretionary purchases in categories including apparel and consumer electronics. At the same time, purchases of everyday staples are holding up even with rising prices. Lowe’s and Home Depot have seen a drop in the amount of money that consumers are purchasing for home improvement […]
< 1 min read
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  1. Associates & Employees

Lowe’s Gives Inflation Bonuses to Hourly Workforce

Lowe’s is offering hourly employees $55 million in bonuses to help offset the sting of inflation, which has remained near 40-year highs all summer, the company announced on an earnings call Wednesday. The home improvement retailer is offering this incentive even as inflation moderated slightly, with gas prices softening in July from their peak the previous month, a […]
< 1 min read
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Editor’s Choice

  1. Shopper & Customer
  2. Department: Consumer Durables
  3. Department: Nonfood
  4. Corporate Strategy
  5. Corporate Finance
  6. ESG
  7. Partnerships & Alt Profit
  8. Media & Marketing
  9. Retailer Media
  10. Agencies & Vendors
  11. Data & Insights
  12. Shopper & Customer
  13. Trends & External Forces
  14. Associates & Employees
  15. Operations & Supply Chain
  16. Stores & Formats

Retail Media is Here in a Big Way: Should Search be Worried?

By John Spiropoulos Media is filled with evolutionary step-change transitions which permanently alter the marketplace. Each evolutionary event, seen in terms of advertiser outlays – the media mix – is driven by incremental change during economic uncertainty. This is particularly true – and trackable – in modern times. Some of these events were covered in […]
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  1. Media & Marketing
  2. Department: Consumer Durables
  3. Department: HBC
  4. Department: Nonfood
  5. Corporate Finance
  6. Partnerships & Alt Profit
  7. Media & Marketing
  8. Agencies & Vendors
  9. Data & Insights
  10. Technology & Innovation
  11. Holiday & Events

U.S. SMI Core Release Note – October 2022

SMI Core data captures the actual spend data from the SMI Pool partners of major holding companies and large independent agencies, representing up to 95% of all US national brand ad spending, to provide a complete monthly view of the SMI Pool market size, investment share and category performance. Core Data delivers detailed ad intelligence across all media […]
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  1. Trends & External Forces
  2. Channel: Grocery
  3. Department: HBC
  4. ESG
  5. Media & Marketing
  6. Trends & External Forces
  7. Associates & Employees
  8. Merchandising

Kroger Health Center marks first anniversary

CINCINNATI — The Kroger Health Center for Advanced Community Care, a joint project of Kroger Health and the University of Cincinnati James L. Winkle College of Pharmacy, recently celebrated its one-year anniversary. The Center employs pharmacists, technicians, nurse practitioners, and dietitians to provide an interprofessional model of care. It also provides practical experiences for students […]
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  1. Channel: Dollar/Value
  2. Corporate Strategy
  3. Corporate Finance
  4. Corporate Purpose
  5. ESG
  6. Media & Marketing
  7. Shopper & Customer
  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar Tree sales up 8.1% in third quarter

CHESAPEAKE, Va.— Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were up […]
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