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Anyone see after hours trading. Somebody knows something at 70k shares. Question is which way!
Lowes to merge with Home Depot will be the only long term way existing into future IMHO. No need for both any longer. Baby boomer wealth already redistributed fully last 25 years and now they are dieing off... Everything from these "home centers" to home/real estate in general will tank to the lowest wealth factor of younger adult generation we have had since 1920's in USA. Why you see so many multi-unit aoartments going up to capture this projection. More & more younger adults cannot buy a home, afford to, have pisspoor credit, nor have any mechanical aptitude to maintain one...
Lowes discriminatory and firing folks after years who do not like the aggressive tactics of store new managers and question them- then that employee gets fired on spot.
Not right. In my area of Hickory, NC region, just had another female 10+ year contractor's end cashier who would tell me and others how she has had to stand by her beliefs and feelings against new store manager bullying tactics who made various advances or fits of rage towards her to do faster sales, etc and she would not be berated.. They just fired her and she was one of best people EVER to work in that store and knew contracting industry coming from it and cared about contractor business...
Ellison you big POS, I am a major JCP shareholder today, and what you did to those people you will rot in hell with your tactics! JCP finally has new real leadership, not some CEO who wants to drain $$$ out of the company for himself- YOU and Lowes will both go down...
I wonder how soon Ellison will either lower or stop the LOWES dividend to shareholders of record to save money (for himself)...???
Look at the trend lines instead of a date. Glty
We all know Lowe’s technology is 20 years behind so highly doubtful but I like your enthusiasm;)
LOW is on my list for end of year buying. Not right now, tho
Not surprised, very sad. I felt something was up as my son who is manager in Asheville, NC area, has had his fill of the corp politics today behind Lowes... He is quitting. I also know my contact guy in Hickory, NC Store is quitting this month as well for similar reasons taking early retirement...
Thanks for the info.
Home Depot And Lowe's Accused Of Scanning Millions Of Customers Faces
https://massprivatei.blogspot.com/2019/09/home-depot-and-lowes-accused-of.html
According to the Cook County Record, two recent class action lawsuits accuse Home Depot and Lowe's of secretly using facial recognition to identify customers as soon as they enter their stores.
On Sept. 4, 2019, a group of plaintiffs simultaneously filed virtually identical class action complaints in Cook County Circuit Court in Chicago against Lowe’s and in federal court in Atlanta against Home Depot, accusing the retailers of violating the Illinois state law by “surreptitiously” scanning customers’ faces as they moved about the chains’ stores.
According to the Lowe's lawsuit, home improvement stores are secretly using facial recognition to identify everyone.
“Lowe’s has augmented its in-store security cameras with software that tracks individuals’ movements throughout the store using a unique scan of face geometry. Put simply, Defendants surreptitiously attempt to collect the faceprint of every person who appears in front of one of their facial-recognition cameras.” (To find out more about Home Depot tracking customers, click here.)
Good timing. Insiders are selling as well.
My tiny hands prevented me from saying anything on the board for a while....
It may go lower than that when the tariffs increase starts affecting sales.
I really don't think Marvin cares about anything except positioning himself and his friends to profit personally from whatever store/biz they are involved with. LOOK what he did to JC Penneys during his reigng, and jobs prior that elsewhere he had!
Why today's JCP new executive team has undergone massive changes to Ellison's dirty business as far as executive comp now and other matters while preserving shareholder investment... and are turning that store around for the long haul...
Marvin's best bud McFarlan spoke like he was an expert on the subject of Hispanics needing small drills lol. That comment will probably cost Lowe's more customers. It's as though they are trying to send more business to Home Depot. Lowe's has to many Home Depot people in charge of things. They are increasing long term debt knowing we have a possible recession coming soon. Maybe they will spend the rest of the 15 billion dollar loan to buy back stock this year, so Lowe's PPS can surpass Home Depot lol. Profits should be used for share buybacks and not debt with interest. It's sad to see.
Discrimination suits going to fly! Lowes going down- simple as that! Get out while you can.
As of this past Monday's managers store meeting via corp feed, Ellisons best buddy VP McFarlan made statement which has entire global social media in uproar. He made statement to all store managers that the new DeWalt subcompact drill was going to make Lowes tons of money and to push its sales on them, because it has a very small grip, and would be well suited for the Hispanic population out there "because Hispanics have small hands..." Can you believe this !!!
All mentioned during Monday's live stream video conference from Lowes Corp in Charlotte, NC to all stores nationwide...
News: $LOW Lowe's Companies Inc (LOW) Q2 2019 Earnings Call Transcript
Image source: The Motley Fool. Lowe's Companies Inc (NYSE: LOW) Q2 2019 Earnings Call Aug 21, 2019 , 9:00 a.m. ET Operator Continue reading
Got this from Lowe's Companies Inc (LOW) Q2 2019 Earnings Call Transcript
News: $LOW Retail Surge Powers Near 300-Pt. Surge by Dow
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. The Dow Jones Industrial Average screamed higher 298.08 points to 26,260.52, The S&P 500 recovered 26.82 points to 2,927.33 The NASDAQ climbed 81.83 point, o...
Read the whole news Retail Surge Powers Near 300-Pt. Surge by Dow
News: $LOW Dow to Hike on Solid Retail Results
U.S. stock index futures moved higher on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. Futures for the Dow Jones Industrials rocketed 161 points, or 0.6%, to 26,092. Futures for the S&P 500 were raised 20 points, or 0.7%,...
In case you are interested Dow to Hike on Solid Retail Results
News: $LOW Lowe's Reports Second Quarter Sales And Earnings Results
MOORESVILLE, N.C. , Aug. 21, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.7 billion and diluted earnings per share of $2.14 for the quarter ended Aug. 2, 2019 , compared to net earnings of $1.5 billion and diluted earnings per share...
Find out more Lowe's Reports Second Quarter Sales And Earnings Results
It great for a swing trade I-Man.
I just sold the rest of my shares. I'll reload if or when it dips again.
CNBC pumping LOW this morning along wiht TGT.
I hate Lowes. I hate Ellison even more as what he did to JCP and others prior coming to Lowes. But you all will learn in time...
All I can say, is perhaps in certain areas of the USA Lowes is run well, all i know as a contracting business owner, is Lowes in Hickory, NC area is the worst (both stores), and the Viewmont branch is losing the best people they could have (who have some industry knowledge) and they are quitting out of frustration, while Lowes hires very young stupid replacements that don't know how to deal with customers nor what a simple tool or process is about... And in September, they will be losing even more older knowledgeable persons I know out of frustration as they can no longer deal with management (or mentality of these young 18-20 yr olds) and changes and being dickked around in hours constantly, etc...
I'm only holding half my position here. I loaded up on BGG instead.
So sorry I’m just saying I purchased some shares. Don’t trade futures my man. You will get even more upset. Lowe’s is heading Home Depot course of action and more changes to the company will come. Meaning it will get darker before we see light. That’s why I’m not invested and just using charts to make $. Glta
This is laughable. Everything is down. Anyone with low targets is hitting. Everyone is evaluating day by day. We can all make up a lot of low targets. My $87 target may hit. You no more predicted this than I predict the sun will go down at some point today. Thanks for your insight to the board. How about some constructive business analysis? That would actually be helpful.
With the macroeconomic problems I’m thinking this may go lower then I anticipated. Will evaluate day by day.
It has worked well here. We're getting very close to your first target.
Ellison will be your demise as I posted months ago.
Lowes in Hickory, NC area ridiculous, and we no longer even purchase cabinetry for our business through them as they can never get order right, waste our time with requested feedback, and simply do not care about local construction industry contractors who need various countertops, cabinetry, etc for our customer remodeling projects we undertake. We found more reliable wholesaler suppliers now to work with..
$70 is the absolute floor if we enter another recession soon IMO. I've been holding a position in Lowe's since 2010. I always sell half on spikes and reload on dips. My position continues to grow. The dividend has also been increasing. Holding a position here has paid off very well. Marvin is making a lot of changes for Lowe's. Some good and some bad IMO. Hopefully the good outweighs the bad. We shall see soon enough. Marvin has been increasing his position and Lowe's has funds set aside for share buybacks. At least they are focusing on technology and growing our online presence. I would also like to see them put taking care of the customers in the stores as top priority again. Home Depot is beating them on this front. Business relies on word of mouth. If Lowe's customers don't get enough help in the stores they will spend their money at HD or with other competitors. Shareholders will oust Marvin if he doesn't perform for us.
My target is 50. No really, the money they wasted at JCpennies will be the same here. Maybe not this week or even year but there will be a slow death to Lowe's..
So much for holding people accountable for keeping the stores clean and also assembling things. While they can assume there is no liability there will always be. But they can't write the people they outsourced up like they used too.
We may hit your targets this week racer115.
doubt its going to $90
& on “thelayoff.com” says more cuts to come: unload crew is next, then more specialists.
I expected they would cut store employees to help pay for the new technology hub in Charlotte. Hopefully they can get some of the LowBots to replace the employees that they are eliminating lol.
http://www.lowesinnovationlabs.com/lowebot
Lowe’s Lays Off Thousands of Store Workers
Home-improvement chain will outsource maintenance, assembly jobs as retailers scrutinize labor costs
By Sarah Nassauer
Updated Aug. 1, 2019 5:52 pm ET
Lowe’s Co LOW -1.88%? s. told thousands of store workers this week their jobs were being eliminated as the company outsourced tasks such as assembling barbecue grills and janitorial services.
The home-improvement chain notified maintenance staff and assemblers that put together grills, wheelbarrows and other products that they were being laid off, according to the company and employees. Those roles will be taken over by third-party companies.
Each of Lowe’s roughly 1,800 U.S. stores has several staff members doing these jobs. Laid off employees, including full-time staff with years of service, aren’t being paid severance. Instead they are being offered “transition pay” totaling up to about two weeks for full-time workers, one employee said. All workers are able to reapply for open positions with the company, employees said, but aren’t guaranteed the same hourly pay.
Lowe’s employed 190,000 full-time and 110,000 part-time workers as of Feb. 1.
“We are moving to third-party assemblers and facility services to allow Lowe’s store associates to spend more time on the sales floor serving customers,” said a spokeswoman for Lowe’s.
The move is a sign that new CEO Marvin Ellison plans to continue to cut costs aggressively to improve profits at the chain. Earlier this year, the company lowered its profit targets for the year.
What staffing changes have you noticed at your local stores as the retail business evolves? Join the conversation below.
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Traditional retailers are scrutinizing their labor costs as they face increasing competition and adapt to consumers making more of their purchases online. Retailers from Walmart Inc.to the smallest shops are under pressure as they increase starting hourly wages to attract workers in a tight U.S. job market. Walmart is testing a new store management structure that will thin middle-manager ranks. Lowe’s and rival Home Depot Inc.have added self-checkout counters to free workers for other roles.
Mr. Ellison—previously a senior executive for Home Depot and most recently CEO of struggling department store J.C. Penney Co. —took over at Lowe’s last summer and moved quickly to shuffle executive ranks, often giving top jobs to former colleagues from Home Depot. He closed 47 less-profitable U.S. and Canadian stores last year and shut down Orchard Supply Hardware stores, a small regional hardware chain that Lowe’s acquired five years previously.
In recent years, Lowe’s sales growth has lagged behind rival Home Depot. Investors largely cheered Mr. Ellison’s arrival at Lowe’s as an opportunity to boost performance. In the most recent quarter, Lowe’s sales growth outpaced Home Depot for the first time since 2016. But profit margins declined more than expected and Lowe’s cut its profit expectations for the year, leading to a 12% drop in the company’s stock that day.
I agree. Nice timing on the sell. I came into LOW at 93 due to the short term upside back to 120s (I hope!). HD a superior company and I watch that for any chance to snag a deal also.
Lowe’s stock will never catch up to Home Depot, not in my lifetime. HD owns about 10-20 other successful companies within their stock it’s not just HD. Lowe’s stores are run so loosely, they throw $ in the garbage, let product walk out the door, if investors knew everything that goes on at the stores, they would be out so quick. Lowe’s is making a shit ton of $, but they could be making so much more, if the stores were run tighter/micromanaged. I sold my stock @ about 117.
Too funny! :) trading is a skill I have not mastered but doing well for quite some time now:). Glta!
Exactly. Watch I can do that too - first target 87, second 84. How easy is this??? LOL
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Lowe’s Companies, Inc. is a home improvement retailer, with specific emphasis on retail do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers, who utilize its installation services, and commercial business customers. The Company offers a line of products and services for home decorating, maintenance, repair, remodeling and property maintenance. As of February 1, 2008, it operated 1,534 stores in 50 states and Canada, with 174 million square feet of retail selling space. Lowe’s Companies, Inc. serves homeowners, renters and commercial business customers. Homeowners and renters primarily consist of do-it-yourselfers, and others buying for personal and family use. Commercial business customers include repair and remodeling contractors, electricians, landscapers, painters, plumbers, and commercial and residential property maintenance professionals, among others. |
https://twitter.com/lowes http://www.lowes.com/l/company-information.html
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