Lowe's Total Home Strategy to Support Market Share Gains -- Market Talk

Dow Jones11-16 05:07

1607 ET - Lowe's latest initiatives around its total home strategy are expected to support market share gains and drive longer-term growth in sales and operating margin, BofA Securities analysts say in a research note. The home-improvement retailer should see similar trends to Home Depot, including macroeconomic uncertainty. Still, Lowe's proactive actions should help it offset a difficult, choppy macroeconomic outlook, the analysts say. These initiatives include improved service, investment in inventory depth and store remodels, as well as its rewards program and CRM system. Shares fall 0.4% to $269.40. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 15, 2024 16:07 ET (21:07 GMT)

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These initiatives include improved service, investment in inventory depth and store remodels, as well as its rewards program and CRM system. Shares fall 0.4% to $269.40. 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