Lowe's Bet on Pro Business, the Biggest Differentiator to Home Depot -- Market Talk

Dow Jones11-20 07:42

1842 ET - Lowe's continued focus on the small and mid-sized pro customer paid off in the latest quarter, and remains the biggest difference in sales productivity vs. Home Depot, DA Davidson analysts say in a research note. The home-improvement retailer is taking more share in the small to mid sized pro segment due to investments in several areas, including improving brands, job-lot quantity in stocks and service, the analysts say. Lowe's loyalty program and improved pro online sales are also being supported by its "shop the job" pro e-commerce initiative, the analysts add. "Even in a tough environment that continues to show negative comp trends, Lowe's pro business stood out with a high-single digit increase." (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 19, 2024 18:42 ET (23:42 GMT)

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The home-improvement retailer is taking more share in the small to mid sized pro segment due to investments in several areas, including improving brands, job-lot quantity in stocks and service, the analysts say. Lowe's loyalty program and improved pro online sales are also being supported by its \"shop the job\" pro e-commerce initiative, the analysts add. \"Even in a tough environment that continues to show negative comp trends, Lowe's pro business stood out with a high-single digit increase.\" (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 18:42 ET (23:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484718890"}