Robert Niblock

  • Feb 25- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, reported same-store sales well above analysts' estimates as lower gas prices and an improving job market encouraged Americans to spend more on home renovations. The forecast translates to sales of $58.75- $59.04 billion- above the average analyst estimate of $58.52 billion, according to Thomson Reuters...

  • Lowe's has strong 4Q as consumers tackle home projects Wednesday, 25 Feb 2015 | 6:12 AM ET

    NEW YORK— Lowe's fourth-quarter profit climbed as an improving economy gave homeowners more confidence to take on home projects. While the Commerce Department reported Wednesday that new home sales were basically flat in January, the performance was still better than a year ago when extremely harsh winter weather caused home-buying to stall.

  • Wal-Mart Stores Inc, Target Corp, Best Buy Co Inc and Lowe's Cos Inc and other merchants are combining in-store pickup with lower online prices to draw shoppers to their stores. "Most retailers are still trying to figure out where is the right place to position this additional inventory... a lot of them aren't quite prepared," said Michael DuVall, a supply chain...

  • UPDATE 3-Lowe's raises fiscal-year profit, sales forecasts Wednesday, 19 Nov 2014 | 10:15 AM ET

    Nov 19- Lowe's Cos Inc, the No. 2 U.S. home improvement chain, on Wednesday raised its fiscal-year profit and sales forecasts as an improving job market encourages home owners to increase spending on renovations. Lowe's raised its full-year profit forecast to $2.68 per share from $2.63. Wall Street was expecting $55.78 billion.

  • Orchard Goes Bankrupt; Lowe's Plays Stalking Horse Monday, 17 Jun 2013 | 7:11 AM ET

    Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.

  • Lowe's seeks 2 senior executives Friday, 19 Oct 2012 | 11:49 AM ET

    NEW YORK-- Lowe's is seeking to hire two senior level executives that could play a role in its CEO succession plan. The No. 2 home improvement retailer is looking for a chief merchandising officer and a head of supply chain, two positions left vacant since Lowe's reorganized in May.