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Dive Brief: Lowe’s has responded to a report that some of its laminate flooring may be contaminated by toxins by suspending sales of it, in what the retailer calls an “abundance of caution.” ...
Flooring, which includes wood, laminate and tile, makes up 6 percent of Lowe’s sales. The company doesn’t break out the laminate portion separately. Bloomberg News contributed to this story.
Unlike at Lumber Liquidators, flooring makes up a small part of Lowe's business-just 6 percent of sales. Bryant says less than 10 percent of its laminate product is manufactured outside the U.S.
Lowe's Cos Inc forecast annual sales below market expectations on Wednesday and warned of a slight decline in the home improvement market this year due to rising prices and borrowing costs.
Lowe’s, the second biggest home improvement retailer in the U.S. behind Home Depot, ... Lowe’s to halt sale of flooring containing phthalates by end of 2015 By Katherine Peralta.
Similar to Lowe's, Home Depot also took a more cautious tone on full year sales guidance. Comparable sales are set to decline between 3% and 4% for the fiscal year, worse than the 1% drop ...
Lowe's Pro Sales Rise as Outlook Holds. ... Lowe's Companies (NYSE:LOW) delivered Q1 2025 results on May 21, 2025, ... surface finishes including flooring, countertops, and cabinets.
Lowe's, which generates roughly 75% of sales from the do-it-yourself category, has seen demand weaken for projects such as flooring, kitchen and bath remodeling, which typically require refinancing.
Lowe's said it expects full-year total sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion for fiscal 2024.
The sluggish home improvement backdrop brought on by high interest rates hammered Lowe's (LOW) second quarter P&L. Lowe's reported on Tuesday that quarterly sales tanked 5.6% from the prior year ...
Q1 FY2025 sales reached $20.9 billion with comparable sales down 1.7%, and mid-single-digit growth in Pro sales helped offset weaker DIY demand. Lowe's Pro Sales Rise as Outlook Holds Skip to main ...