Thursday, March 26, 2020

Though coronavirus-driven uncertainty reigns, Lowe’s CEO says business is holding up

Like many retailers that sell items considered essential, Lowe’s is seeing some benefit from the coronavirus outbreak (beyond just being able to keep stores open).

Shoppers are buying large appliances like freezers and refrigerators to store food they’ve purchased in preparation for staying home for extended periods of time, says Lowe’s chief executive Marvin Ellison.. . . more