Wednesday, February 28, 2018

Challenges continue at Lowe’s

Charlotte Observer

Lowe’s reported disappointing earnings Wednesday morning as the retailer continues to work to catch up to its chief rival, Home Depot.

Strengthening in the housing market has provided tailwinds for home-improvement retailers, but Lowe’s still lags behind its larger competitor.

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Sales for the quarter came to $15.49 billion. Same-store sales, a key metric used to gauge a retailer’s health that refers to sales at stores open at least one year, rose 4.1 percent.. . . more