Lowe’s is partnering with MrBeast, and 17,000 other creators, to launch its Creator Network. Will this move prove successful in the long run?
Lowe’s wants to cater more to professionals.
Lowe’s delivered a mixed earnings report as execs discuss what’s next for the company.
Lowe’s is acquiring Artisan Design Group for approximately $1.3 billion.
In a push to reach a younger, digital-first audience, Lowe’s announced a partnership with EA Sports. Do you see a major opportunity for brands in targeting gamers?
Home improvement chains Lowe’s and Home Depot both saw quarterly same-stores sales return to growth after eight straight quarters of declines but offered soft guidance for the current year. Are they setting the bar too low?
Lowe’s has seen its free $150 mystery bucket go viral on TikTok.
Lowe’s CEO, Marvin Ellison, attributes the company’s lower-than-average inventory shrink rate to investments in its workforce. He emphasized the importance of…
A CNBC analysis of several retailers reveals that inventory losses due to shrink and retail theft are generally only a small…
Lowe’s has rehired an employee it previously fired after she attempted to stop suspected shoplifters at one of its stores in…
Lowe’s is rolling out a rural store concept featuring a broader offering of farm, ranch, and outdoor products in up to 300 additional stores by year-end.
“People are going to want to make more significant improvements on those homes. So, we remain and just couldn’t be more bullish on the longer-term view of this industry.”
Lowe’s is the official home improvement retailer of the National Football League. It will also be one place where some customers can go on Sunday to listen to the Super Bowl broadcast. What will Lowe’s in-store broadcast of the Super Bowl mean to customers and associates in the chain’s stores in Kansas City, Philadelphia and Phoenix?
Lowe’s may be giving new meaning to the term lifetime customer value. The home improvement retailer is looking to appeal to consumers as young as five-years-old with a new pilot offering in-store birthday parties for kids. Do you expect Lowe’s “Build a Birthday” party pilot to be a success and widely scaled across the chain’s stores?
Marvin Ellison, CEO at Lowe’s, speaking at the NRF Big Show, said he learned early on that, to get ahead in his career, his best approach was to “just take tough assignments.” Every job he’s taken over the last 25 years has involved succeeding someone who was fired or pushed out. Do you agree with Marvin Ellison’s advice for individuals trying to advance their retail careers?
Lowe’s is bringing all of its One Roof Media Network ad sales and operations in-house. The home improvement retailer said the move will allow it to control all elements of its relationship with advertisers and partner with them in ways to achieve more meaningful interactions with shoppers. Will advertisers benefit from Lowe’s decision to bring its retail media operations under one roof?
Lowe’s last week updated its plan to drive market share growth in the home improvement category. The chain’s “Total Home Strategy” seeks to achieve growth across five areas: professional contractors and construction professionals, online sales, installation services, localization and elevated product assortment. What are the keys to Lowe’s achieving the goals of its Total Home Strategy?
Lowe’s is looking to simplify. The home improvement retailer last week disclosed that it has entered into a definitive agreement to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million in cash and future performance-based considerations. What do you see as Lowe’s strengths and weaknesses over the next year and beyond?
Lowe’s said on Tuesday that it was doing away with the CMO role and that its marketing team would now report to Bill Boltz, executive vice president of merchandising. Does it make sense for retailers to move their marketing operations under merchandising as they focus more on sales promotion activity?
Lowe’s is spending a total of $55 million on bonuses for hourly store associates to help them offset the sting of inflation, which has remained near 40-year highs for much of summer. Has inflation made retailing jobs more or less attractive to those seeking work?
Lowe’s is giving full-time workers in its stores the choice to schedule four-day work weeks. The home improvement made the decision after its five-day schedule left many associates complaining about an inability to find a balance between their personal and work lives. How popular do you think a four-day work week will be for full-time associates working in stores?
Lowe’s has joined the growing list of brands and retailers stepping into the metaverse with hopes of someday building tangible results in the real world. Is Lowe’s decision to launch its own hub for 3-D assets instead of choosing an established metaverse platform the right decision?
Yeti has decided to end sales to Lowe’s after two years. The premium cooler and tumblers maker cited supply chain disruptions and a heightened focus on core wholesale and direct-to-consumer channels as motivating the move. What would be the right and wrong reasons for Yeti to stop selling to Lowe’s?
Lowe’s customers in several states will not only be able to buy products for their household projects in the chain’s stores but can now also shop for dog food and other pet products. Do you expect the Lowe’s/Petco pilot to prove successful and to be scaled to more locations?
Lowe’s recently formed a two-year partnership with AARP to provide strategies and information for older adults aging in their homes. Do you see a focus on home improvement strategies, materials and information for older adults aging in place as the right move for Lowe’s to make?
The general assumption is that the economy’s three-pronged challenge will wind up hurting smaller retailers and vendors significantly more than larger ones. Do you agree that larger retailers and suppliers are significantly better positioned to deal with the current supply chain, labor and inflation challenges?
Big box retailers are pulling forward orders earlier than normal and aggressively investing in core items as supply chain bottlenecks threaten to lead to empty shelves over the holiday season. Do you see more benefits than risks in aggressively stocking inventories in the current climate?
With a seemingly never-ending series of hurricanes, floods, wildfires, earthquakes and other natural disasters, federal authorities can quickly become overwhelmed. Reactions to Hurricane Ida again show how large retailers often help fill the void. What should be the first, second and third priorities in how big box retailers respond to natural disasters?
A recent softening in the red-hot housing market and a reduction in homeowners tackling DIY projects has raised concerns about near-term growth rates for Home Depot and Lowe’s. Do you see near-term sales pressures for home improvement chains as the U.S. economy opens up?
Two-thirds of parents with a child under 18 plan to do more for Halloween this year compared to other years, according to a survey from Hershey. Will Halloween spending recover strongly or face another challenging year?
Best Buy has benefitted from the stay-at-home trend that developed since the pandemic broke out in 2020. With the belief that Americans will stick with the behavior, the retailer is moving into product categories not normally associated with a consumer electronics chain. Is Best Buy’s push into outdoor living products a keen business move or does it represent a loss of strategic focus?
Kroger has just joined a few other retailers in launching a contest in search of new suppliers. The competition encourages local and regional growers across fresh categories to apply online for a chance to partake in the Go Fresh & Local Supplier Accelerator. What do you think of competitions and pitch programs as a path for retailers to discover new brands?
Even with growing adoption, mobile shopping faces challenges in a number of areas that need to be addressed for retailers and their customers to get full benefit from the experience. What are the obvious and less obvious pain points around mobile checkout?
Lowe’s, Whole Foods and Dunkin’ are bringing some innovative approaches to driving in-store and online engagement for Valentine’s Day, despite the ongoing pandemic. Which of the Valentine’s Day campaigns cited in the article do you think is most likely to be effective in light of the current challenges facing these companies?
In separate virtual sessions last week at the 2021 NRF Big Show, Marvin Ellison, CEO of Lowe’s and Wayfair co-founder and CEO Niraj Shah shared perspectives on how each of the businesses’ operations have set them up for success. What do you see as the biggest impediments to operational excellence throughout retailing today?
Lowe’s says homes have been a place of refuge for Americans under the cloud of the pandemic and now is a perfect time to purchase items that will make staying at home more comfortable and enjoyable. Do you expect Americans to “gift” their homes in a big way this holiday season?
The retail world is anticipating a difficult Halloween season, but retailers, grocers and brands have begun exploring creative strategies that could save the holiday. Do you think promoting boo bags, holding curbside trick-or-treating events and employing other creative Halloween-themed strategies will enable retailers to have a successful Halloween?
Lowe’s announced that it plans to have self-service pickup lockers installed at its stores in most major metropolitan areas by Thanksgiving and those remaining by the end of March 2021. How do you rank the benefits of lockers versus traditional counter pickup services for consumers and retailers?
Lowe’s has its sights set on becoming a significant player in the tool rental market for professional construction trade customers and ambitious do-it-yourselfers working on home projects. Do you expect rentals to continue to grow in the years ahead?
Rivals Home Depot and Lowe’s have each announced this month that they are taking steps to outpace the other when it comes to the delivery and pickup of online orders. Has the coronavirus pandemic created a paradigm shift in how consumers and professional customers purchase from home improvement retailers?
Lowe’s is introducing a new tool that will enable carpenters, electricians, plumbers and other construction professionals to meet with customers to discuss projects without having to go to their homes. Is Lowe’s for Pros JobSIGHT a technology tool that building trade professionals and their customers will welcome at this time?
Same-store sales jumped 12.3 percent at Lowe’s and 7.5 percent at Home Depot in their first-quarters as sheltering Americans found time to tackle household projects. What factors will be most critical in determining the performance of home improvement retailers in the short- and medium-term?
The reality at stores classified as “essential” since the coronavirus outbreak has been that a lot of planned sales promotion activity has been paused. Have you noticed a reduction in temporary price reductions, promotional endcaps and ads from “essential” retailers in recent weeks?
At the NRF Big Show, the CIOs of Lowe’s and Target talked up the benefits of bringing software development in-house to move quicker and be more responsive to meeting customers’ needs. Has the internal development of software become more important with digital’s increasing prevalence across retail and the fast-changing technological landscape?
Shoplifting is a perennial problem for retailers, but some sectors of retail have observed an uptick in an even more costly — and sometimes more dangerous — form of theft. What should retailers do to address organized retail crime as it continues to expand in severity and costliness?
We see many examples of retail industry leaders taking definitive action to protect and serve public interests when other systems don’t or can’t. These are complex issues that challenge retailers to balance business risks with loyalty, sales and profits. They also present growth opportunities. Is it the responsibility of retailers to address gaps in society’s well being?
Lowe’s will sell NFL-branded merchandise online and reserve space in select stores for fan merchandise geared to local teams for the first time, and launch an online “homegating” video series to inspire football fans as they prepare for the NFL season. Is homegating still an underserved opportunity overall for retail?
Lowe’s is eliminating “thousands” of assembly and maintenance worker jobs and outsourcing them to third-party companies. Will outsourcing assembly and maintenance tasks enable store level associates to spend more time on the sales floor serving customers as Lowe’s has indicated?
Fine-tuning data science solutions to optimize results has been the easy part. Taking advantage of the new insights is the more complicated task, said IT execs at the 2019 Retail Innovation Conference. How can retailers reduce the learning curve around machine learning or AI tools for marketing, merchandising and other departments?
Home Depot may be the biggest name in home improvement, but Lowe’s is hoping to change that by partnering with the biggest name in professional sports. How will Lowe’s sponsorship of the NFL affect the public’s perception of its brand?
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