Despite a decline in sales, Lowe's saw its earnings increase thanks to the February sale of its Canadian retail unit.
Latest In Consumer/Retail
The financials included results for Varis, the company's new B2B marketplace launched during 2022's fourth quarter.
Lowe's reported that 4Q sales increased slightly year-over-year but decreased sequentially from 3Q 2022.
Former United Hardware President Doug Audette stepped down to pursue other opportunities.
Tamera Fenske joins the company after a 22-year career at 3M, where she most recently served as SVP of manufacturing and supply chain.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
Adding the national tile and stone distributor boosts PGS’ offering in the growing commercial flooring market.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
Home improvement retailer reports sales of $26.5 billion in its fiscal fourth quarter.
