We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.42 | 1.49% | 233.00 | 238.15 | 231.98 | 233.58 | 1,834,731 | 00:03:33 |
By Imani Moise and Suzanne Kapner
Marvin Ellison is quitting his job as chief executive of struggling J.C. Penney Co. to take over leadership of Lowe's Cos., another retailer in need of a revamp.
The retail veteran joined Penney in 2014 and shifted the department-store chain away from apparel toward appliances. Last year, he closed hundreds of stores and slashed jobs. But the company's sales continue to lag behind rivals.
Lowe's, meanwhile, has been searching for a new CEO that can improve results at the home-improvement chain, which faces pressure from an activist investor and has trailed behind sales gains at Home Depot Inc.
"This is the most challenging and competitive retail market that we've seen in over 50 years," Mr. Ellison told analysts last week on a conference call. Before Penney, he previously worked at Home Depot and Target Corp.
On Tuesday, Lowe's said it had hired Mr. Ellison and he would join the company on July 2. Penney shares slid 8% to $2.30 during premarket trading while Lowe's rose 1.8% to $89.
Write to Imani Moise at imani.moise@wsj.com and Suzanne Kapner at Suzanne.Kapner@wsj.com
(END) Dow Jones Newswires
May 22, 2018 09:51 ET (13:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Lowes Companies Chart |
1 Month Lowes Companies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions