Lowe's Targets Smaller Pros for Bigger B2B Growth
LOWLowe's(LOW) pymnts.com·2024-05-21 23:49

The home improvement sector is getting its affairs in order while eyeing a macro improvement. That’s the news from home improvement retailer Lowe’s, which cited softer demand and ongoing headwinds — including a slowdown in home sales, higher interest rates and a pullback in consumer spending — during a first-quarter 2024 earnings call Tuesday (May 21). Still, the company beat Wall Street’s expectations for the quarter and stressed to investors that it was making investments into digital and omnichannel oppo ...