Home Improvement Retail Robert Niblock

  • *Q1 adj EPS $0.87 vs est $0.85. *Net sales jump 7.8 pct to $15.23 bln vs est $14.87 bln. May 18- Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the U.S. housing market and favorable weather led to strong demand for building and home renovation products.

  • 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.

  • 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.