Housebound Americans lavished billions on their homes last year at stores such as Lowe’s, setting up home offices and getting around to the small projects they suddenly had ample time for. Lowe’s sales rose 24.2% to just under $90 billion on that macro tailwind, narrowing its performance gap with rival Home Depot. The home improvement giant also helped itself with a vastly improved e-commerce site and savvy merchandising moves, such as stocking a wider assortment of holiday season goods like exercise bikes. While the home spending boom could ease this year, Lowe’s is redoubling its efforts to win more business from contractors who do larger projects.
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Latest news for Lowe’s
- RetailHow Lowe’s plans to win over contractors from Home DepotApril 13, 2021 4:01 AM UTC
- RetailLowe’s aims to fund local community repair projects as sales streak continuesMarch 9, 2021 5:01 AM UTC
- RetailHow Lowe’s and Home Depot plan to keep growing even after the COVID home improvement boomNovember 20, 2020 5:00 PM UTC
- RetailHow Lowe’s plans to finally become a holiday season playerOctober 20, 2020 4:30 PM UTC
- LeadershipLowe’s teams up with Daymond John to diversify its suppliers with a virtual pitch competitionSeptember 15, 2020 9:30 AM UTC