More Topics:
Lowe's to Rationalize New Store Openings, Increase Shareholder Payments
Posted June 15, 2011
We Recommend...
By Trefis
Lowe's Companies Inc. (NYSE: LOW) is the world's second largest retailer of home improvement products . Through its 1,700 plus stores spread across the U.S., Canada and Mexico, Lowe's offers a wide range of home improvement products and installation services for individual home owners as well as for professional builders. It competes with the industry leader Home Depot (NYSE:HD) and other players such as Builders FirstSource (NASDAQ:BLDR), Sherwin Williams (NYSE:SHW) and Sears (NASDAQ:SHLD).
At the recent Sanford C. Bernstein Strategic Decisions Conference in New York, Lowe's Chairman and Chief Executive Robert Niblock revealed that the company's lagging performance was not because of the retailer conceding market share to its rival Home Depot but because of sales from new stores cannibalizing business from older outlets. READ FULL ARTICLE
To find out more about the company in this article and to see if you
have business connections, click below:
blog comments powered by