Forecasting a "modest sector pullback", Lowe's expects FY2022 comps to range from flat to a 3% fall.
Lowe's raises its forecast for FY2021 with Q3 US comparables +2.6%, gross margin slightly up.
What's happening at Bunnings, IKEA, The Home Depot, Lowe's, Ace Hardware, B&Q and Leroy Merlin.....?
In our August 2021 Digital Edition: all the news from around the hardware channel, in-depth features and more!
The US DIY boom seems to be coming off the boil as Home Depot, Lowe's, and Ace release Q2 numbers.
Lowe's US comps / LFLs are +24.4% as very strong Q1 helps deliver "better-than-expected year-to-date results".
Lowe's shows it cares about its high spending tradies with not just quick in & out, but also free phone charging, even air for their tyres!
NZ Hardware Journal's March 2021 Digital Edition is now live to read online, free of charge.
Lowe's sees strong fourth quarter with online sales +121%. Year-end sales are +24.2%, earnings +36.3%.
Outsourcing assembly, facility services "will allow store associates to spend more time ... serving customers".
Lowe's and Woolworths have sunk an extra AU$105 into their ailing Masters JV.
on the side
click here to sign up to our free e-newsletter