Retail News

Lowe’s focuses on capturing market share

Bloomberg/The Middletown Press 12/10/2020

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.

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