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Lowe’s to Participate in Goldman Sachs 29th Annual Global Retailing Conference

MOORESVILLE, N.C., Sept. 1, 2022 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) announces that Marvin R. Ellison, chairman and chief executive officer, will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference.  

Lowe's Companies, Inc. Logo. (PRNewsFoto/Lowe's Companies, Inc.)

What: Marvin Ellison participating in a fireside chat at the Goldman Sachs 29th Annual Global
When: 1:00 p.m. EDT on Thursday, Sept. 8, 2022
Where: Visit Lowe’s Investor Relations for the audio webcast at A link will be displayed under “Events and Presentations”
How: Listen live online – the archived webcast will be available at the same location

Lowe’s Companies, Inc.

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7 Things You Don’t Know About Lowe’s, According to Its Employees

ivanastar / Getty Images

ivanastar / Getty Images

When it comes to home and outdoor products, Lowe’s is known for featuring a plethora of options and impressively low prices. While this home improvement warehouse has been around for 76 years, there are still some trade secrets you might not know about it.

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To help you have a more informed experience the next time you’re in the store, here’s a roundup of seven things you likely don’t know about Lowe’s from Lowe’s employees — and the best

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Lowe’s is awarding $55 million in bonuses for hourly workers to fight inflation

Lowe’s is awarding bonuses totaling $55 million to its front-line hourly employees to help soften the impact of inflation.

The home improvement store chain said on an earnings call Wednesday it is offering those workers limited-time discounts of up to 20% on everyday household and cleaning items.

“We will continue to look for meaningful ways to improve our associates’ work-life balance while providing them with the tools to build a career at Lowe’s,” Executive Vice President Joe McFarland said.

Overall, the retailer said, customers are cutting back on discretionary purchases, even as a subset continue to hire professional contractors for

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Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflation

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On Tuesday, President Joe Biden signed the Inflation Reduction Act into law and it includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients. It also would help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic.

Lowe’s home improvement stores will pay $55 million in bonuses to hourly frontline workers to help offset high inflation, the company’s CEO said

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Home improvement is still hot amid housing slowdown

Americans are still pretty obsessed with sprucing up their homes, even with prices rising, a cooling housing market and the return of more options for weekend activities.

Driving the news: Home Depot and Lowe’s executives on their respective earnings calls this week said that shoppers continued to spend on building materials, plumbing, paint and high-end mowers and appliances during the second quarter.

  • And when asked repeatedly by analysts if they expect a cool down in sales as the housing market has slowed, the consistent response was “no.”
  • “While we acknowledge that housing turnover has slowed, home prices and home
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Applications open to pitch product to Lowe’s home improvement

“Into the Blue: Lowe’s Product Pitch Event” will be held Nov. 2-3 at the Lowe’s Tech Hub in Charlotte’s South End.

“Into the Blue: Lowe’s Product Pitch Event” will be held Nov. 2-3 at the Lowe’s Tech Hub in Charlotte’s South End.

Lowe’s

Businesses wishing their products were sold at Lowe’s home improvement stores are getting their chance to pitch them to the company.

And, it culminates with a two-day event this fall in Charlotte.

For the first time in Lowe’s 101-year history, the retailer will hold a “live pitch event” for entrepreneurs and businesses of all sizes to become suppliers to the chain.

“We’re always continuously looking for that new and different product,” Sarah Dodd, senior vice president of global

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Lowe’s launches competition for entrepreneurs inspired by “Shark Tank”

Lowe’s launches competition for entrepreneurs inspired by “Shark Tank”

Photo: Katie Peralta Soloff/Axios

Katie Peralta Soloff

Lowe’s is launching an entrepreneur competition in which small businesses can pitch product ideas and have their items displayed in Lowe’s stores and online.

Why it matters: This is a way for Lowe’s to support independent entrepreneurs who may not have the opportunity otherwise to get in front of a big-box retailer, the Mooresville company says. It’s also a way for Lowe’s to tap into creative ideas and products it might not have noticed.

  • Into the Blue, as the competition is called is sort of like a “Shark Tank” competition for the home improvement sector, says
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Lowe’s Tweaks Scheduling System, Offers Employees 4-Day Work Week

Lowe’s is giving full-time workers in its stores the choice to schedule four-day work weeks. The home improvement retailer made the decision after its five-day schedule left many associates complaining about an inability to find a balance between their personal and work lives as a result of having very few consecutive days off, reports Retail Wire. Lowe’s introduced the new four-day scheduling option last week to provide “more flexibility and consistency” in associates’ schedules.

In 2019, Lowe’s instituted a program that gave workers a full weekend off every eight weeks. As a result, there were very few weeks

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