(Reuters) – Lowe’s Companies Inc said on Tuesday it was looking to shed its retail business in Mexico and certain non-core U.S. businesses as the home improvement chain looks to compete more effectively with rivals in the United States.
The No.2 U.S. home improvement chain also posted a smaller-than-expected rise in quarterly comparable sales. Sales at stores open for more than a year rose 1.5 percent in the third quarter, below expectations of a 2.93 percent increase, according to IBES data from Refinitiv.
Marvin - Ellison - Lowe - Executive - Officer
Under Marvin Ellison, Lowe’s newly appointed chief executive officer, the company has been streamlining its business to compete...
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