Lowe's Companies Inc (LOW.N)
Wed, Aug 22 2018
Home improvement retailer Lowe's Companies Inc said on Wednesday it expects it will shut all of the Orchard Supply Hardware stores it acquired out of bankruptcy five years ago and focus on its core business.
Lowe's Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years.
Aug 22 Lowe's Cos Inc missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U.S. housing market, sending its shares down 4 percent.
July 9 Home improvement chain Lowe's Cos Inc said on Monday it would eliminate several key positions including chief operating officer.
Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , revealing his third large investment this year. | Video
May 23 Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's, revealing his third large investment this year.
* Q1 EARNINGS PER SHARE VIEW $1.22 -- THOMSON REUTERS I/B/E/S
May 23 U.S. home improvement retailer Lowe's Companies Inc missed analysts' forecasts for quarterly same-store sales on Wednesday as an uncharacteristically long winter hit demand.
May 22 J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc, the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.
* LOWE'S COMPANIES SAYS ANNUAL BASE SALARY RATE OF $1.45 MILLION FOR NEWLY APPOINTED CEO MARVIN ELLISON - SEC FILING Source text: (https://bit.ly/2ICO1DK) Further company coverage: