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J-Rhino

03/17/08 5:53 PM

#3774 RE: GamblerNC #3772

Lowe's profit better than expected, shares rise

ATLANTA (Reuters) - Home improvement retailer Lowe's Cos reported a better-than-expected quarterly profit on Monday and said it expects some headwinds facing its business to ease this year, and its shares gained 4 percent.

...Lowe's said it would open 120 stores in 2008, scaling back planned stores in hard-hit housing markets such as California. In September, Lowe's had said it would open 135 to 145 stores in North America annually from 2008 through 2010.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20080225&id=8234875

Wow..thats a lot of stores in one year. Where are they going to find all the displays and shelving???