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Online helps drive Lowe’s 35 percent U.S. same-store sales gain

Fox Business 08/19/2020

Lowe’s online sales jumped 135 percent during the second quarter, helping the home improvement retailer post a 35.1 percent gain in U.S. same-store sales. Lowe’s CEO Marvin Ellison said the chain’s performance was “driven by a consumer focus on the home, core repair and maintenance activities, and wallet share shift away from other discretionary spending.”

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