Lowe’s focuses on capturing market share
December 10, 2020
Lowe’s CEO Marvin Ellison said at an investor conference that the retailer is focused on driving market share gains in 2021 by setting itself up as a “total home solution” for consumers. Mr. Ellison believes that home improvement projects that have become more popular during the pandemic will continue even as COVID-19 becomes less of a threat. He also said that steps that the chain took to build on its digital investments will serve it well going forward in terms of sales and margins.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.