Spring Projects Boost Lowe's Results
"Despite the difficult external environment, Lowe's strong commitment to customer service and a compelling product offering led to continued market share gains in the first quarter," Robert A. Niblock, Lowe's chairman and CEO, says in its statement.
"The economic pressures on consumers remain intense, and bigger ticket projects continue to be postponed as wary home improvement consumers watch the economic climate and housing market dynamics very closely. But, as spring arrived, we saw relative strength in smaller, outdoor projects."--Sarah Mahoney