Lowe's boosts total pandemic assistance to nearly $600 million with additional bonus to support frontline associates in August
MOORESVILLE, N.C., July 30, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it will provide an additional
Full-time hourly associates will receive
"No one could have anticipated how long we would be navigating this pandemic together. As we approach the start of another school year, our commitment to support our hard-working associates will continue into August," said Marvin R. Ellison, Lowe's president and CEO. "We are incredibly proud of how our stores, supply chain and corporate associates have faced this pandemic head-on to solve challenges in our communities and care for our customers. We are grateful for their resilience, teamwork and ongoing commitment to safety, and are pleased to share this additional bonus to help with childcare, remote-schooling and other general expenses they are managing during these tough times."
With the bonus announced today, Lowe's will have invested approximately
Lowe's also continues to support its communities through much-needed grants and PPE product donations. The company has committed more than
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of
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SOURCE Lowe's Companies, Inc.