Similar to themes from The Home Depot’s fourth-quarter earnings reported this week, Lowe’s is investing strategically in its digital and in-store offerings to enhance value and convenience for Pro customers, driving growth amid a challenging macroeconomic landscape. For Lowe’s officials, their priorities comprise elevating online...
The everyday American consumer is dealing with an increasingly strained household budget. And, according to home improvement retailer Lowe’s Tuesday (Nov. 19) third-quarter 2024 earnings call, this ongoing economic environment has resulted in ongoing weak home improvement demand. “The reality is we are a DIY...
The Lowe’s Digital Home Platform, announced by the home improvement retailer Monday (Nov. 4), gives members of the MyLowe’s Rewards program access to free, personalized information about products in their homes. This includes warranties and manuals, maintenance recommendations and how-to content, and recommended subscriptions and...
The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the rising value of their properties and considering spending on home repairs and renovations as interest rates drop, the Wall Street...
April 03, 2024
As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times. In an interview with PYMNTS, Katie Stratton, chief growth officer at the Target-owned on-demand delivery aggregator, spoke to how consumers’ shopping habits have changed in the last year. “People crave […]
November 16, 2022
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects...
March 12, 2025
Lowe’s has introduced an artificial intelligence (AI)-powered virtual home improvement assistant. Dubbed “Mylow” and introduced by the home improvement retailer Wednesday (March 12), the tool lets customers get answers to project how-to questions while also searching for the proper products for their job. “Developed in collaboration with OpenAI and leveraging Lowe’s expert advice, Mylow delivers the expertise of a trusted […]
November 04, 2024
The Lowe’s Digital Home Platform, announced by the home improvement retailer Monday (Nov. 4), gives members of the MyLowe’s Rewards program access to free, personalized information about products in their...
October 22, 2024
The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. More homeowners are borrowing against the rising value of their properties...
June 03, 2024
Lowe’s is preparing to bring its Apple Vision Pro-powered kitchen design experience to its brick-and-mortar stores. Initially launched in February for the Apple Vision Pro, which is the tech company’s mixed-reality...
