"We have tools that will allow us to manage this and manage this in a way that we're going to minimize any impacts to our customers," Lowe's CEO Marvin Ellison told investors on Wednesday's earnings call. "In this environment, we're going to be as keenly focused on competing on price as we are eve
Date: May 21, 2025
Category: Business
Source: Google
The newest expenses Americans are cutting back on to save money: Travel, clothes, car insurance, and DIY projects
"We're all aware that we have an environment of elevated interest rates and inflation, and because of that, the DIY customer is just on the sidelines waiting for some form of an inflection to take place," Marvin Ellison, the CEO of Lowe's, said on the company's second-quarter earnings call.
Date: Sep 12, 2024
Category: Business
Source: Google
20 Great Stock Ideas For 2020, From The Best Fund Managers
enefit from a strong housing market next year, supported by low interest rates. Lowes new CEO Marvin Ellison has improved operating efficiencies and Klimo highlights new investments in tech, like migrating systems to the cloud and improving online experience, as another boost for the company. Whats
Date: Dec 29, 2019
Category: Business
Source: Google
Target, Like Walmart, Proves Main Engine of Economy Is Humming
rters after the earnings release. Lowes CEO Marvin Ellison said Wednesday that the home-improvement retailers gains in the quarter reflected a solid macroeconomic backdrop, while Walmarts finance chief Brett Biggs said last week that American consumers were in relatively good shape.
Our first quarter comparable sales performance is a clear indication that the consumer is healthy and our focus on retail fundamentals is gaining traction, CEO Marvin Ellison said in a statement. However, the unanticipated impact of the convergence of cost pressure, significant transition in our
Date: May 22, 2019
Category: Business
Source: Google
JC Penney shares up as earnings, sales top estimates; retailer to close 18 department stores
yles and hasn't been able to take advantage of rival Sears' struggles as much as anticipated.Since joining the department store chain, Soltau has already made decisions to shut Penney stores and get out of the appliance business, a category her predecessor, Marvin Ellison, had invested heavily in. Sol
Date: Feb 28, 2019
Category: Headlines
Source: Google
Lowe's earnings beat, but shares fall as retailer cuts forecast and plans to exit some businesses
store sales rose 1.5 percent, below analysts' expectations of 2.9 percent. CEO Marvin Ellison in a statement said "continued challenges" with inventory out of stocks, "poor reset execution" and assortment concerns in certain categories pressured the company's ability to turn visits into transactions.
Date: Nov 20, 2018
Category: Headlines
Source: Google
Morning Brief: Amazon reportedly splitting HQ2 between two cities
Lowes closing 51 stores shows its new CEO has learned one valuable lesson:New LowesLOW) CEO Marvin Ellison looks to have learned one valuable lesson to being the top person at a retail company in 2018. That is investors want to see closures of underperforming physical stores in the age of digita