Home improvement chain Lowe’s has not been immune to the forces turning the retail world upside down as more consumers make their purchases digitally. The ever-changing industry led the company to lay off close to 3,000 employees last year. At the same time, Lowe’s is shifting resources to invest in innovation. Lowe’s Innovation Labs partners with outside organizations like Google and Microsoft to develop technology that will improve store operations and customer experience.
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News about Lowe’s
Ouch. Shares jump 7% when CEO says he's leaving.
The two companies are riding the housing boom.
"The company’s management and board take great pleasure in sharing the company’s success with our employees.”
The retailer expects the housing boom to last a good while longer.