Lowe’s Tells Investors About Its Online Challenges
Lowe's (NYSE: LOW) recently issued third-quarter earnings report gave investors lots of new information to digest. Sales and profitability appear to be holding up well, even if these figures still trail those of chief rival Home Depot (NYSE: HD).
Meanwhile, Lowe's is getting bolder in its plans to transform itself by shutting underperforming stores, especially in the struggling Canadian market. CEO Marvin Ellison and his team detailed their thinking around these fundamental issues in a conference call with investors this past week, and below we'll take a closer look at some highlights from that presentation.
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Source Fool.com
