Monday, August 27, 2018

Marvin Ellison’s new playbook for Lowe’s

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