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Lowe's Companies, Inc. reports developments tied to its home improvement retail business, including sales and earnings results, comparable sales trends, annual outlooks, cash dividends, and capital allocation. The company serves do-it-yourself, do-it-for-me, and professional customers through a national store, branch, and distribution network for home decorating, maintenance, repair, remodeling, lawn and garden, and project essentials.
Recurring Lowe's news also covers Pro customer credit and rewards programs, seasonal merchandising events, loyalty offerings such as home maintenance services, supply-chain technology partnerships, and community initiatives focused on housing, local renovation projects, disaster relief, and skilled trades training.
Lowe's Companies, Inc. (NYSE: LOW) announces that David M. Denton, CFO, will join a virtual fireside chat hosted by Evercore ISI. This event is scheduled for 8:30 a.m. Eastern Time on July 17, 2020. Investors can access the live discussion online at Lowes.com. Lowe's, a FORTUNE® 50 home improvement retailer, serves about 18 million customers weekly and reported $72.1 billion in sales for fiscal year 2019. The company operates over 2,200 stores and employs around 300,000 associates.
Lowe's Companies, Inc. (NYSE: LOW) announced $100 million in bonuses for its front-line associates amid ongoing COVID-19 challenges, raising total pandemic-related support to over $450 million. Full-time associates will receive $300, while part-timers and seasonals will get $150, complementing earlier bonuses. Additionally, Lowe's increased hourly wages by $2 in April and allocated $87 million in profit-sharing bonuses. The company also donated $70 million to support healthcare workers and minority-owned businesses. This commitment highlights Lowe's focus on employee welfare and community support during the pandemic.
Lowe's Companies has appointed Janice Dupre Little as the new executive vice president of human resources, effective June 22, 2020. Little, with 15 years of expertise in HR and diversity, joined Lowe's in 2017 and previously served as senior vice president of diversity & talent management. She aims to foster an inclusive workplace and enhance employee engagement, supporting Lowe's mission. CEO Marvin R. Ellison highlighted her integral role in shaping leadership strategies and maximizing human capital to ensure Lowe's remains a prime workplace.