Replies to post #276 on Lowes Companies Inc (LOW)

[I-Man]

Investigation Relating to 401(k) Plan of Lowe's Companies, Inc. (NYSE:LOW) Announced by Stull, Stull & Brody

11:42 pm ET May 11, 2018 (Globe Newswire)

Stull, Stull & Brody today announced that an ERISA action has been filed and that it has commenced an investigation relating to the 401(k) defined contribution plans of Lowe's Companies, Inc. (NYSE:LOW) ("Lowe's" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of Lowe's 401(k) plans violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering the Hewitt Growth Fund as an investment option in the Lowe's 401(k) Plan.

If you had an individual account under any of the Company's 401(k) plans during the last several years and have questions about your legal rights or interests with respect to these matters, please contact Michael J. Klein, Esq. at Stull, Stull & Brody by e-mail at [e-mail], by calling 1-212-687-7230, x147, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.

[I-Man]

UPDATE: Lowe's needs to show how it's different from Home Depot in order to grow
2:21 pm ET May 25, 2018 (MarketWatch)

By Tonya Garcia, MarketWatch

Analysts and Pershing Square's Bill Ackman are bullish about Lowe's new CEO, Marvin Ellison

Lowe's Cos. Inc. needs to do a better job of showing how it's different from Home Depot Inc. if it wants to move out of its competitor's shadow and grow, analysts say.

Lowe's (LOW) lags behind in the home repair space because it's an "impulse destination" rather than one used for planning home improvement projects like Home Depot, according to GlobalData Retail.

"That means that when demand drops because of the weather, Lowe's falls off the radar and suffers a disproportionate decline in footfall and sales," wrote Neil Saunders, managing director of GlobalData Retail.

Both Lowe's and Home Depot (HD) cited the wintry weather as a reason for lackluster results.


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Long term as I stated before, there is no need for 2 big box retailers like this as fewer people are able to buy or repair a home today or even qualify for a mortgage, vs. to what was going on 25 years ago forward when 1st wave baby boomers were starting to retire, and had the last bastion of wealth generated as a whole due to when our country was a industrial/manufacturing powerhouse and 80% middle class... Today we have become a consumption and high credit society of low grade foreign retail supplied products at best... Home Depot & Lowes sell the same damn products made by the same people, just a little branding difference to seem separate, but not. Same with all lawn equipment and such.