Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Lowe's Quarterly Sales Down Slightly
May 29, 2013
 Printable format
 Email this Article
 Search

Appliance and home improvement retailer Lowe's Companies, Inc., reported net earnings of $540 million for the first quarter of its fiscal year 2013.

In the quarter, which ended May 3, 2013, a 2.5% increase over the same period a year previous.

Sales for the quarter were down 0.5% to $13.1 billion, from $13.2 billion in the first quarter of fiscal year 2012. Comparable sales for the quarter were down 0.7%.

"Results for indoor categories were solid for the quarter, a testament to the team's continued focus on improving our core business through cross-functional collaboration and consistent execution in stores and across other selling channels," said Robert A. Niblock, Lowe's chairman, president, and CEO.

"Cooler than normal temperatures and greater precipitation resulted in a delayed spring selling season which impacted our results in exterior categories," Niblock added. "While overall performance in the month of March was particularly soft, April improved significantly and we have maintained that positive momentum through the first few weeks of May."

In fiscal year 2013, total sales are expected to increase approximately 4%. Comparable sales are expected to increase approximately 3.5%. Lowe's expects to open about 10 stores in the year.

As of May 2013, Lowe's operated 1,755 stores in the United States, Canada, and Mexico, representing 197.5 million square feet of retail selling space.

Back to Daily News

 

Daily News

...........................................................

Nov 24, 2014: Husqvarna named exclusive chainsaw provider for Asplundh

Nov 24, 2014: LG garners Innovation Award for Home Appliances

Nov 24, 2014: Survey: 10% of consumers plan big-ticket appliance purchases in the coming year

Nov 24, 2014: 2014 Green Building Standard available from ASHRAE

Nov 24, 2014: Smeg enters small appliance market in the United States

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows