Lowe’s finalizes billion-dollar acquisition to win back customers
Over the past year, Lowe’s has faced significant challenges in attracting customers, as many are battling inflation, the impact of tariffs and an uncertain housing market. In its latest earnings report, the home improvement retailer said sales slightly increased during the second quarter of this year; however, customer behavior continued to be concerning. Comparable sales increased by 1.1% year-over-year. The average amount of money customers spent per purchase spiked by 2.9%, Comparable transaction ...