Chain Store Age
Marvin Ellison has wasted no time in shaking things up at Lowe’s.
In his first week on the job, Lowe’s CEO Marvin Ellison unveiled a major restructuring of executive staff. And in the company’s first quarterly report under Ellison, Lowe’s unveiled a bombshell decision to close all 99 Orchard Supply Hardware stores.
So what else is new at Mooresville, N.C.-based Lowe’s? There’s a lot. The company reported second quarter revenue in excess of $20 billion – another first. Here are some of the other highlights from Lowe’s first quarterly report and earnings call under Ellison’s watch.. . . more