Johnson, Hendrick Motorsports Agree To Contract Extension Nov 21, 2009
Lowe's Companies Inc. also signed an agreement with Hendrick to remain as the primary sponsor of Johnson's No.48 team through 2013. Johnson enters Sunday's season-ending Ford 400 at Homestead Miami Speedway with a comfortable 108-point lead over teammate Mark Martin. (ABC 7 News, DC)
We'll keep price pledge to ACCC: Woolies Nov 12, 2009
The ACCC on Wednesday approved the takeover of Danks by Carboxy Pty Ltd, a joint venture vehicle between Woolworths and US hardware giant Lowe's Companies Inc - the world's second biggest home improvement retailer. The two companies hope to take on Wesfarmers' successful hardware chain and cash cow, Bunnings and carve up Australia's $24 billion hardware market by creating 150 warehouse- type hardware stores that will compete with Danks' independent retailers in close proximity. (Sydney Morning Herald -- Business)
Stock Market Shrugs Off Jobs Report Nov 7, 2009
Shares of home-improvement retailers Home Depot () and Lowe's Companies () climbed after Bank of America Merill Lynch upgraded both companies to buy from underperform. Treasuries were flat. (BusinessWeek)
ACCC report step to preventing duopoly Oct 19, 2009
Carboxy is a joint venture vehicle created by Woolworths and US hardware giant Lowe's Companies Inc - the world's second biggest home improvement retailer - to complete the takeover en route to securing Danks' supplier relationships with 583 Home Timber are, Thrifty-Link Hardware, and Plants Plus stores and 939 other independent retailers. Woolworths and Lowe's are hoping to take on Wesfarmers' successful hardware chain and cash cow, Bunnings, and carve up Australia's $24 billion hardware market... (Sydney Morning Herald -- Business)
Woolworths hardware will go ahead: ACCC Oct 16, 2009
Carboxy is a joint venture between Woolworths and US hardware giant Lowe's Companies Inc, the world's second biggest home improvement retailer. "The ACCC considers that even if Woolworths and Lowe's didn't acquire Danks, Woolworths would still be likely to open a network of big box home improvement stores in Australia and these issues are being examined with this in mind," the regulator said in a statement. (Sydney Morning Herald -- Business)
Stocks End Higher as Market Awaits Fed Sep 23, 2009
Home improvement chain Lowe's Companies () said on Tuesday it sees a 7%-9% fiscal 2010 same-store sales decline and a 3% total sales drop, with earnings per share (EPS) of $1. 13-$1. (BusinessWeek)
Woolies set to hammer Bunnings dominance Sep 15, 2009
Don Stallings is the former boss of the Canadian operations of Lowe's Companies Inc and hopes to repeat US hardware retail history in Australia by creating a similar business model for Woolworths. Mr Stallings was recently appointed chief executive of the Woolworths joint venture with Lowe's known as Carboxy Pty Ltd.. (Sydney Morning Herald -- Business)
Woolworths appoints executives for hardware joint venture Sep 10, 2009
Australia's largest retailer Woolworths has appointed some of the executives of its recently announced joint venture with US home improvement company Lowe's Companies. The joint venture will take on the hardware sector and create a network of large format hardware stores, targeting 150 sites within five years. (Sydney Morning Herald -- Business)
Woolworths tips good hardware earnings Aug 30, 2009
Woolworths' plan involves a tie-up with US hardware giant Lowe's Companies Inc to develop 150 sites in Australia in the next five years. Woolworths has also made a take-over bid for Australian hardware group Danks Holdings Ltd, which supplies hundreds of Home Timber are, Thrifty-Link Hardware, and Plants Plus stores. (Sydney Morning Herald -- Business)
Lowe's Enters Joint Venture To Develop Home Improvement Stores in Australia Aug 25, 2009
MOORESVILLE, N.C., Aug. 24 /PRNewswire-FirstCall/ -- Lowe's Companies, Inc. (NYSE: ) announced today the company has entered into a joint venture agreement with Australia's largest retailer, Woolworths Limited (ASX: WOW), to develop a network of home improvement stores for consumers in Australia ... 2 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 14 million customers a week at more than 1,675 home improvement stores in the United States and Canada ...... (PR Newswire)
Bring it on, Bunnings says Aug 25, 2009
Woolworths has entered into an agreement with US home improvement retailer Lowe's Companies Inc to buy Danks, and the offer has been unanimously recommended to Danks shareholders by the company's board. The Woolworths and Lowe's joint venture is offering $13. (Sydney Morning Herald -- Business)
Wall St outlook Stocks tipped to fall as earnings wind down Aug 15, 2009
Less than 50 Standard & Poor's 500 companies remain to report quarterly financial results, including the two major home improvement retailers, Lowe's Companies and Home Depot. Clothing retailer Gap and discount chain store Target are also on tap. (Sydney Morning Herald -- Business)
New Lowe's is typical of chain's largest stores Jul 10, 2009
At 117,000 square feet, the Lowe's store opening in Torrington today is about as big as a Lowe's Companies Inc. store gets. The new Torrington outlet, at 420 Winsted Road, is the company's 15th in Connecticut and its 70th in New England. (Republican-American)
More power for shareholders in N.D. pension funds? Jul 5, 2009
In recent months, shareholders in at least 18 companies - from troubled insurance giant American International Group Inc. to Exxon Mobil Corp., Staples Inc. and Lowe's Companies Inc. - have been asked to reincorporate in North Dakota, using a new state law that guarantees shareholders a broad assortment of rights ... The remaining six are AIG Inc., the insurer (83,236 shares); Amgen Inc., a drug company (66,901); Sempra Energy, a California gas and electric utility (31,700); Lowe's Companies... (Bismarck Tribune, ND)
Satyam losing more clients May 21, 2009
HYDERABAD: Two US-based clients of Satyam Computers, Agilent Technologies and Lowe's Companies, along with another banking sector client Euronet Worldwide, have terminated their contracts with the scam-hit IT firm. The firm had been losing clients from the time the scam broke in January this year and Tech Mahindra's (TechM) takeover has not been able to arrest the trend. (India Times, India)
MicroStrategy to Provide Additional Reporting and Analytics Tools for Lowe's May 21, 2009
May 20 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated (Nasdaq: ), a leading worldwide provider of business intelligence (BI) software, today announced that Lowe's Companies, Inc. (NYSE: ) plans to expand its deployment of MicroStrategy to support new business intelligence applications for its store management ... "Over the years, we have realized significant benefits from our business intelligence applications in helping us satisfy customer needs, maintain efficient operations, and... (PR Newswire)
Bigger firms try to retain workers May 3, 2009
Home Depot cut 3,000 Arizona positions and fell to No. 16 from No. 8, while competitor Lowe's Companies trimmed 1,100 jobs. Grocers, which added hundreds of jobs in 2007-08, pulled back in 2008-09. (AZCentral -- Business)
Grant Zimmerman Named To List For Lowe's Senior CLASS Award Mar 7, 2009
2 billion, Lowe's Companies, Inc. is a FORTUNE 50 company that serves approximately 14 million customers a week at more than 1,650 home improvement stores in the United States and Canada. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. (Tarheelblue.com)
