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San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Mooresville, N.C. — Lowe’s reported slightly lower net earnings and net sales, but higher comp store sales in its fiscal fourth quarter, ended Feb. 1.
Net earnings were $288 million in the quarter, compared with $322 million year on year. Net sales for the fourth quarter decreased 5 percent to $11 billion, from $11.6 billion in the fourth quarter of 2011.
Comp-store sales for the fourth quarter of 2012 increased 1.9 percent on a consolidated basis as well as for the U.S. business.
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Las Vegas – Home-improvement chain Lowe’s is coming to International CES to expand its Iris home-control and home-monitoring system with the addition of 15 more products and services, including Iris’s first home-network products.
The do-it-yourself system, launched in July 2012, enables homeowners to monitor and control home systems from anywhere via smartphone, tablet or computer with a free basic level of service.
Products will be demonstrated in the San Polo room 3403 of the Venetian.
Mooresville, N.C. - Lowe’s has added LG Electronics to its majap assortment.
Starting in the first quarter of 2013, the No. 2 home improvement chain will carry LG kitchen and laundry products in all 1,700-plus stores and online.
The offering will include refrigerators, washers, dryers, dishwashers and ranges.
Mooresville, N.C. — Lowe’s will roll out its wireless Iris home-control and monitoring system to all of its 1,750 stores by the end of next year, up from a current 500 stores, a spokesperson told TWICE.
The company’s three own-brand Iris systems, launched in July, are also available on the company’s website.
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