Home improvement retailer Lowe's Cos. became the latest big box retailer to report surging sales during the fiscal second quarter as Americans are finding more ways to improve their home during...
NEW YORK (AP) — Lowe's Cos.'s move to revamp its outdated online business in recent months paid off in the first quarter, as shoppers shut in because of the pandemic shifted to online services for...
NEW YORK (AP) — Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations.
Lowe's blew past second quarter profit expectations, buoyed by strong demand for spring goods and sales to contractors.
Even though the home improvement retailer wrestled with lower lumber...
CHARLOTTE, N.C. (AP) — Lowe's has selected Charlotte, North Carolina, to house a 2,000-employee global tech hub. The city hopes the project will cement its reputation as a home for technological...
CHARLOTTE, N.C. (AP) — Lowe's Cos. is seeking to keep secret some of its documents in a discrimination case filed by an African-American ex-executive who says the home improvement chain unfairly fired him.
NEW YORK (AP) — Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot.
The home improvement chain said Tuesday it would also exit its contracting service, Alacrity Renovation Services, and its Iris Smart Home businesses in the U.S.
NEW YORK (AP) — J.C. Penney is counting on a former CEO of the nation's largest fabric and crafts chain to inject some energy into the struggling department store chain.
The retailer on Tuesday named Jill Soltau, who had been the president and CEO of Jo-Ann Stores since March 2015, to be its next CEO, effective mid-October.
NEW YORK (AP) — Lowe's rebounded in the second quarter after dismal weather cut into projects at home — and into company profits — to start the year. Investors also shrugged off a more guarded outlook as the home-improvement retailer shifts direction under new CEO Marvin Ellison.
NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
J.C. Penney Co., down 15 cents to $2.35
The department store said Chairman and CEO Marvin Ellison is leaving to become CEO of Lowe's.
Adobe Systems Inc., up 69 cents to $238.79
The software maker is buying Magento Commerce and repurchasing more stock.
Tata Motors Ltd., up 88 cents to $22.91
China's Finance Ministry said it will reduce duties on imported cars.
NEW YORK (AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's.
The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3 percent.
MOORESVILLE, N.C. (AP) — J.C. Penney's CEO is leaving the company to become the top executive at Lowe's.
The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low.
Shares of Lowe's Cos., which has struggled to keep pace with rival Home Depot, are up more than 4 percent. Ellison spent 12 years at Home Depot Inc. before he joined J.C. Penney.
NEW YORK (AP) — J.C. Penney blamed weak clothing sales on bad spring weather and said it would offer more plus-size fashions to try to boost sales.
The company also cut its earnings outlook for the year and its stock tumbled 12 percent Thursday.
NEW YORK (AP) — J.C. Penney delivered some encouraging news: It reported a solid rise in sales at established stores Friday, reversing four straight quarters of declines. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring.
NEW YORK (AP) — J.C. Penney is joining its department store rivals in pruning its store numbers in an era of online shopping.
Penney said Friday that it will close 130 to 140 stores as well as two distribution centers over the next several months as it tries to improve profitability. The company said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees.
J.C. Penney cut its sales outlook for the year after reporting a surprise decline in a key sales figure for the third quarter as it wrestled with sluggish clothing sales.
The report is a setback for Penney, whose business has been volatile, bouncing back in the summer after a tough start to the year.
Nonetheless, shares rose in afternoon trading Friday after dropping as much as 10 percent in premarket dealings.
EMMAUS, Pa. (AP) — A coroner says a Pennsylvania man died when a car jack failed and a vehicle rolled onto him.
The Lehigh County coroner says the dead man is 59-year-old Marvin Ellison Jr.
He was killed Monday morning while working on the car in the driveway of his home in Upper Saucon Township. The coroner ruled that Ellison died because he couldn't breathe.