Lowe’s debuts marketplace, plans store fleet growth

Quick Summary:

The company will also extend its rural offerings, expand jobsite delivery and teased initiatives that are expected to deliver $1 billion in annual savings.

While mortgage rates remain around 6.8%, demand for discretionary products remains weak and spending on big ticket items is soft, TD Cowen analysts led by Max Rakhlenko said.

This initiative is expected to capture more pro spending, improve the close rate on large orders and leverage large suppliers to handle the delivery.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Company Large 2025 Lowe’s Billion Sales Growth Jobsite Delivery Initiatives Analysts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 12:39:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24422434

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