PYMNTS-MonitorEdge-May-2024

Lowes

Lowe’s vs Home Depot: A Tale of Two Strategies for Professional Builders
Lowe’s vs Home Depot: A Tale of Two Strategies for Professional Builders
November 19, 2024  |  Earnings

The everyday American consumer is dealing with an increasingly strained household budget. And, according to home improvement retailer Lowe’s Tuesday (Nov. 19) third-quarter 2024 earnings...

READ MORE >
Lowe’s Targets Subscribers With Personalized Home Repair Support
Lowe’s Targets Subscribers With Personalized Home Repair Support
November 04, 2024  |  Subscriptions

The Lowe’s Digital Home Platform, announced by the home improvement retailer Monday (Nov. 4), gives members of the MyLowe’s Rewards program access to free, personalized...

READ MORE >
Home Improvement Expected to Pick Up Amid Lower Interest Rates
Home Improvement Expected to Pick Up Amid Lower Interest Rates
October 22, 2024  |  Retail

The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the...

READ MORE >
Lowe’s Looks to Grow With Pros as Consumer Demand Dwindles
Lowe’s Looks to Grow With Pros as Consumer Demand Dwindles
August 20, 2024  |  Earnings

The home improvement market could use some improvement itself. That’s the latest from Lowe’s Companies Inc. During its second-quarter 2024 earnings call Tuesday (Aug. 20),...

READ MORE >
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024  |  Retail

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about...

READ MORE >
Lowe’s to Pilot In-Store Mixed-Reality Experience for Kitchen Design
Lowe’s to Pilot In-Store Mixed-Reality Experience for Kitchen Design
June 03, 2024  |  Retail

Lowe’s is preparing to bring its Apple Vision Pro-powered kitchen design experience to its brick-and-mortar stores. Initially launched in February for the Apple Vision Pro, which...

READ MORE >
Lowe’s Targets Smaller Pros for Bigger B2B Growth
Lowe’s Targets Smaller Pros for Bigger B2B Growth
May 21, 2024  |  Earnings

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...

READ MORE >
Millennials Are Home Improvement Retailers’ Best Customers
Millennials Are Home Improvement Retailers’ Best Customers
May 06, 2024  |  Retail

When it comes to home improvement retail, millennials are taking the lead, PYMNTS Intelligence research reveals. By the Numbers The PYMNTS Intelligence report “The Online...

READ MORE >
Shipt Sees Financial Pressure Driving Online Seasonal Sales
Shipt Sees Financial Pressure Driving Online Seasonal Sales
April 03, 2024  |  Retail

As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times....

READ MORE >