Home pro business lifts Lowe’s results
August 18, 2021
Lowe’s exceeded Wall Street’s expectations for sales, comps and earnings during the second quarter as the DIY chain saw its business buoyed by orders by home professionals. CEO Marvin Ellison said the chain saw demand remain strong for appliances, bath, flooring and kitchen products during the most recent quarter and he expects his company’s business to remain strong. “The pandemic has created a long-term impact of the home’s importance, and we just don’t see that changing,” he said.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.