After a Two-Year Turnaround, Lowe's May Be Done Playing Catch-Up

By Sheridan Fifer

Lowe's CEO Marvin Ellison said at an investor conference that the home improvement retailer has overhauled its website, made its stores easier to navigate, and solidified its commitment to retail fundamentals during its turnaround, which helped it cope with increased demand during the pandemic. The changes Lowe's has made could mean that the retailer is ready to shift its focus from replicating the success of its rivals to taking market share from those rivals. Ellison believes that the best is yet to come for the company as it reaps the rewards of its investments in its business. 

He said “the best days at Lowe’s are still in front of us,” as the company gets a boost from the popularity of home improvement projects during the coronavirus pandemic and capitalizes on its e-commerce investments.

Read the full story at CNBC.