Lowes

Articles on Lowes

  1. Trends & External Forces

Lowe’s sales fall short of Wall Street’s expectations

Lowe’s pointed to colder spring weather as the cause of a decline in demand for outdoor supplies in the first quarter. The home improvement retailer posted net sales of $23.66 billion, below the $23.76 billion expected by analysts. The chain’s earnings were $3.51 a share, above the $3.22 consensus.
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  1. Trends & External Forces

Q1 2022 Roundup: Big Box Giants’ Sales Growth Slows, Cool Weather Chills Home Improvement Results

The nation’s largest retailers have been holding strong against supply chain challenges, high fuel costs and inflation, but their combined ongoing impact is finally starting to weigh on their performance. Both Walmart and Target reported weak single-digit sales growth in their latest quarters, and while continued home improvement interest elevated The Home Depot to record […]
3 min read
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  1. Channel: Home Improvement

Lowe’s Posts Mixed Q1 Earnings as Chilly Spring Cools Demand 

Chilly spring weather was blamed on home improvement retailer Lowe’s drop in first-quarter fiscal year sales, coming in at $23.7 billion compared to $24.4 billion in the first quarter of 2021, according to the company’s earnings report on Wednesday (May 18). Its biggest rival Home Depot on Tuesday (May 17) reported sales of $38.9 billion for the […]
2 min read
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  1. Media & Marketing

Buy now pay later hits hospitality as Brighton’s Lucky Beach claims industry first

Lucky Beach cafe in Brighton says that it is the first hospitality business in the UK to introduce buy now pay later technology.  The initiative has seen Klarna working in partnership with storekit to deliver BNPL to the restaurants, cafes, and hotels which comprise the latter’s customer base. Lucky Beach was the beta client for […]
3 min read
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  1. Media & Marketing

Lolli announces Shake Shack Bitcoin partnership

Lolli users can now earn free Bitcoin rewards at Shake Shack when they shop with the former’s new Card Boost feature. In an online post, Lolli says: “Just link any debit or credit card on the Lolli app for iOS and activate a Shake Shack Card Boost before heading to Shake Shack to make a […]
2 min read
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  1. Trends & External Forces

Inflation Creates Precarity For Retail CFOs

Interesting piece from the Wall Street Journal about how the current economic moment – higher inflation than at any time in recent decades, a slowdown in consumer spending, and a stock market roiled by economic and geopolitical uncertainty – is creating job insecurity for a number of retail CFOs. Companies like Walmart, Lowe’s, and Wayfair […]
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  1. Corporate Strategy

Pfizer names David Denton chief financial officer

NEW YORK — Pfizer announced Monday that former CVS executive David Denton will join the company as chief financial officer (CFO) and executive vice president effective May 2. Denton will be a member of Pfizer’s Executive Leadership Team reporting to chairman and chief executive officer, Albert Bourla. David Denton He joins Pfizer from Lowe’s Companies […]
2 min read
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  1. Corporate Strategy

Lowe’s Promotes Finance Exec to CFO

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. Sink will work closely with Denton during the transition phase. “Brandon is a highly accomplished executive, and we are excited for him […]
2 min read
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  1. Corporate Purpose

Women-Owned Businesses Are on the Move

March is Women’s History Month, and there’s never been a better time to celebrate the women-owned businesses that are innovating across the consumer packaged goods (CPG) industry.
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  1. Shopper & Customer

Building Brands On Category Expertise

It was uncanny. Every time I needed some obscure type of screw, switch, or hinge, the team at my hometown hardware store—Elliott’s—knew exactly what I needed and where in the store’s many aisles of fasteners to find it. The salespeople would go to just the right place in just the right aisle, pull out a […]
5 min read
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  1. Retailer Media

Retail Media Networks Are One Of The Most Important Trends Of 2022, But They Need To Evolve

Amazon released its Q4 earnings on February 3, which included the disclosure that Amazon had sold $31.1 billion in ads on its platform in 2021, making Amazon a bigger advertising platform than YouTube. Two weeks later, on February 17,
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  1. Retailer Media

Retail Media – Current Investments & Funding; External Partners

83% of brands are investing in retail media on Walmart.com: Over the last 2 years, we have seen a proliferation in retail media platforms as many large retailers have invested significantly to capture the higher growth, above-average profitability, and captive consumer base that come from these platforms. As there are more options for advertising, brands […]
3 min read
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  1. Channel: Delivery

Instacart to deliver DIY products for Lowe’s

Lowe’s and Instacart have joined forces to pilot same-day delivery for tens of thousands of home improvement products. In doing so, Lowe’s is making its mark as the first home improvement retailer featured on the grocery platform.  The two companies announced the partnership Wednesday to address a “growing consumer need as both home improvement product […]
2 min read
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  1. Channel: Delivery

Welcoming Lowe’s as Instacart’s First Home Improvement Retailer 

Today, Instacart and Lowe’s announced a new partnership to offer same-day delivery of home improvement essentials in as fast as one hour. Customers can now access a wide selection of over 20,000 Lowe’s items, including tools, small home appliances, building supplies, light fixtures, home hardware, garden, outdoor essentials and more, delivered same-day. We’re currently piloting […]
2 min read
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  1. Channel: Home Improvement

Lowe’s beats high expectations

Wall Street forecast a strong quarter for Lowe’s and the home improvement chain did even better than expected. The retailer posted a five percent gain in same-store sales, above the FactSet consensus of three percent. Net income of $1.78 per share was well ahead of the 71 cents expected by investors.
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  1. Technology & Innovation

Marxent rebrands to 3D Cloud, rolls out new products

Marxent, a specialist in 3D e-commerce and 3D omnichannel experiences for enterprise furniture and home improvement retailers, has announced a rebrand to 3D Cloud by Marxent, along with a series of new applications and application bundles. The move comes amid increasing retailer demand for scalable, secure enterprise 3D commerce solutions.  3D Cloud subscribers include retailers and […]
2 min read
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  1. Channel: Home Improvement

Lowe’s Launches Modern Home Décor Brand Origin21

Home improvement retailer Lowe’s is elevating its efforts to provide “styles for every style” with the launch of a modern style Retail Brand (private brand) , Origin21, which delivers approachable, modern design. From inspiration, to installation, to completion, Lowe’s is offering shoppers everything they need to execute and finish their home projects, helping them The […]
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  1. Retail Operations

Estimates for pure play, last mile provider, & omnichannel accounts

For this week’s edition of 3 Things, we are diving into our eCommerce Retailer Forecasts. Our forecasts can be paired with our recent 2022 eCommerce Performance Benchmark which explores brands’ expectations for eCommerce growth, penetration, mix of business and margin. Combining both perspectives can aid in more accurately forecasting for your own brand. One of […]
4 min read
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  1. Media & Marketing

Lowe’s & Petco Collab on Store-in-Store Concept

Lowe’s and Petco today announced a pilot store-in-store concept that brings the two retailers and Petco’s Retail Brands (private brands) into one, convenient stop at select Lowe’s locations. The first Lowe’s + Petco store-in-store concept is expected to open at Lowe’s Alamo Ranch, Texas location in early February, with plans to expand to 14 The […]
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  1. Shopper & Customer

The Emerson Group announces personnel moves

WAYNE, Pa. — The Emerson Group has announced a number of changes and realignments to their organization that will allow the company to focus its personnel resources and further build out capabilities to better serve their brands and retailers. Jen Beatty, East Area Lead, will pick up responsibility for both Inside Sales and Drug Wholesale retail, […]
2 min read
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  1. Channel: Club

Jason & Scot Show Episode 285 – 2021 Full Year and Holiday Data Deep Dive

A weekly podcast with the latest e-commerce news and events. Episode 285 is a deep dive into the data from 2021 and holiday 2021. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ????? The US Dept of Commerce December Advanced Retail Sales Data is […]
33 min read
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  1. Holiday & Events

In-store Conversions Key to 2021 Holiday Performance

Converting store visits to spending was the key to 2021 holiday retail performance during a season marked by earlier shopping and fewer discounts than ever before. Target stood out among its big-box peers–converting double digit YoY visit growth to higher in-store spend, while also topping online sales growth. Walmart* was less successful at converting YoY […]
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  1. Technology & Innovation

Sonic goes live on Lolli Bitcoin rewards platform

US-based fast food restaurant chain Sonic has partnered with cryptocurrency startup Lolli. Its customers can now earn up to 4% in Bitcoin rewards on the likes of shakes, slushes, hamburgers, and hot dogs. “As we launch our brand new mobile app, one of our goals is to give our 400,000+ users more opportunities to earn […]
2 min read
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  1. Technology & Innovation

Jimmy John’s goes live on Lolli Bitcoin rewards platform

US-based sandwich chain Jimmy John’s has partnered with Bitcoin rewards startup Lolli. Shoppers can now earn up to 4% in Bitcoin rewards on delivery or pick-up when they order online at Jimmy John’s. Now that @jimmyjohns is on Lolli answer this question: What do you call sandwiches? — Lolli 🍭 (@trylolli) December 30, 2021 Funding […]
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  1. Channel: Department Stores

Jason & Scot Show Episode 283 – 2021 Year End Review

A weekly podcast with the latest e-commerce news and events. Episode 283 is a recap the most significant changes to the retail industry in 2021. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ????? It’s our final show of 2021! We recap the US […]
27 min read
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  1. Channel: Specialty & Other

Lowe’s says pandemic-fueled home improvement demand could cool in year ahead

Lowe’s sales have gotten a lift from Americans who fixed up their yards, tackled DIY projects and redecorated rooms during the Covid pandemic. But the company warned the robust pace could cool in the year ahead. The home improvement retailer said same-store sales could drop by as much as 3% or be roughly flat in […]
3 min read
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Editor’s Choice

  1. Channel: Dollar/Value
  2. Channel: Dollar/Value
  3. Corporate Strategy
  4. Corporate Finance
  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  1. Data & Insights
  2. Corporate Strategy
  3. Department: HBC
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
  7. Trends & External Forces
  8. Merchandising

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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  1. Technology & Innovation
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Developing a Perfect Store Strategy in 2022

In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […]
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