Lowe's Companies Inc (LOW.N)
16 Nov 2018
Nov 5 Home improvement chain Lowe's Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc in a slowing housing market.
Lowe's Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years.
Aug 22 Lowe's Cos Inc missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U.S. housing market, sending its shares down 4 percent.
July 9 Home improvement chain Lowe's Cos Inc said on Monday it would eliminate several key positions including chief operating officer.
Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , revealing his third large investment this year. | Video
May 23 Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's, revealing his third large investment this year.
May 23 U.S. home improvement retailer Lowe's Companies Inc missed analysts' forecasts for quarterly same-store sales on Wednesday as an uncharacteristically long winter hit demand.
May 22 J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc, the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.
* LOWE'S COMPANIES SAYS ANNUAL BASE SALARY RATE OF $1.45 MILLION FOR NEWLY APPOINTED CEO MARVIN ELLISON - SEC FILING Source text: (https://bit.ly/2ICO1DK) Further company coverage: