Like its bigger rival Home Depot, home improvement retailer Lowe’s is benefitting big time from the ongoing housing boom. Household formation is up and millions of Americans are renovating their homes. Though Lowe’s has trailed its rival in terms of profitability, the company has been making big strides on other fronts, becoming one of the biggest beneficiaries of Sears’ shrinking appliance business and proving deft at winning the business of millennials. And Lowe’s looks to have snagged home improvement chain Rona in Canada, finally turning it into a serious player in that market overnight. Still, Lowe’s results have been choppy. And like Home Depot, a significant increase in interest rates would likely be bad for Lowe’s, potentially shutting the door on the housing boom and hurting sales as well.
News about Lowe’s
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