Wednesday, February 26, 2020

An Old-Fashioned Brick-and-Mortar Earnings Beat for Lowe's

The Street
The time-tested tale of the mean old fox not being able to blow down the three little piggies' brick-and-mortar house might be a decent analogy for Lowe's most recent quarterly earnings.

The Home Depot rival attributed almost all of the improvement to two things: cost-cutting, including the closure of non-performing stores, and good old-fashioned brick-and-mortar sales – and less so on 'straw-and-mud' e-commerce. . . . more