Tag Archives: Lowe’s

AHAM Unveils Sustainability Standard for Small Appliances, Floor-Care Products

AHAM

WASHINGTON-The Association of Home Appliance Manufacturers (AHAM), in partnership with CSA Group and UL Environment, has released a sustainability standard for small appliances and floor-care products. Titled “AHAM 7002-2014/CSA SPE-7002-14/UL 7002, Sustainability Standard for Household Portable and Floor Care Appliances,” the new standard is the first voluntary standard for these appliances, according to an AHAMMore »

Lowe’s Q2 Net Up 10.4 Percent

lowe's

MOORESVILLE, N.C.-With home improvement continuing its upward trend, Lowe’s logged a 10.4 percent jump in second-quarter net income, which totaled $1 billion. Net sales in the quarter, which ended on Aug. 1, rose 5.7 percent to $16.6 billion, including a pickup of 4.4 percent in same-store sales. Along with the ongoing strength in home improvementMore »

Lowe’s to Open Customer Support Center

lowe's

MOORESVILLE, N.C.-Lowe’s will locate a new customer support center in Indianapolis, investing $20.5 million in purchasing, renovating and equipping the facility. Measuring 140,000 square feet, the new center will support both stores and Internet sales, delivery services and repair services for Lowe’s customers across the nation. It is expected to be in operation in theMore »

Sourcing in São Paulo: The Brazilian Buyer Project

H07-hswBrazil2Brinox_R1

By Allison Zisko Over the course of two days in early May, 51 Brazilian housewares manufacturers descended on a hotel conference room in São Paulo, Brazil, lugging suitcases filled with plastic and glass and metal goods, armed with the optimism of traveling salesmen. They set their sights on 12 international buying companies from seven countries,More »

Lowe’s Ups Ramsay to IT Chief

Paul Ramsay

MOORESVILLE, N.C.-Paul Ramsay, acting chief information officer for Lowe’s, has been promoted to permanent chief information officer. Ramsay has been acting chief information officer since March. He is responsible for the day-to-day operations of Lowe’s IT organization, including the development of a technology portfolio that supports the operations of the company’s stores, distribution network, e-commerceMore »

Lowe’s Q1 Net Up 15.6 Percent

lowe's

MOORESVILLE, N.C.-Solid sales of indoor products and improved margins helped firm Lowe’s bottom line to the tune of 15.6 percent, to $624 million in net income for the quarter ending on May 2. Net sales were up 2.4 percent to $13.4 billion, including a same-store sales gain of 0.9 percent. Robert Niblock, Lowe’s chairman, presidentMore »

Lowe’s Q3 Net Jumps 26 Percent

Lowe’s

MOORESVILLE, N.C.-An upward track in both sales and margin brought Lowe’s a 26 percent gain in third-quarter net income, to $499 million. The home-improvement retailer’s net sales were up 7.3 percent to $13 billion in the quarter, which ended on Nov. 1. This included a pickup of 6.2 percent in same-store sales. Robert Niblock, Lowe’sMore »

Lowe’s Q2 Net Jumps 26 Percent on Strong Sales

Lowe’s

MOORESVILLE, N.C.-With both total and same-store sales surging, Lowe’s logged a second-quarter increase of 26 percent in net income, to $941 million. The company’s top line got its drive from the upward trend in home improvement, according to Robert Niblock, chairman, president and CEO. Net sales were up 10.3 percent to $15.7 billion, including anMore »