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Lowe’s donates over $9 million to help keep homes safe and affordable in Charlotte

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Lowe’s Home Improvement store is donating $9.25 million in funding, products and gift cards to organizations in Charlotte to keep “homes safe, healthy and affordable” amid the coronavirus crisis.

Lowe’s announced Tuesday it is making the donations in a combination of funding, products and gift cards to nearly 30 local charitable groups and businesses for affordable housing, skilled trades training and technology, the company announced Tuesday.

The Mooresville-based company is extending how it thinks about the word home, company executive vice president of human resources Janice Little said.

Little told the Observer the donations are another step in the company’s efforts to help with community projects. Lowe’s also has an employee volunteer program that has been focused on affordable housing and skilled trades over the last year.

“We really need to make sure that we can support all members of our community,” she said.

Some of the Charlotte hometown

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Lowe’s, Madison Square Garden Sports, Nike, Salesforce and Microsoft highlighted as Zacks Bull and Bear of the Day

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For Immediate Release

Chicago, IL – October 9, 2020 – Zacks Equity Research Shares of Lowe’s Companies, Inc. LOW as the Bull of the Day, Madison Square Garden Sports Corp. MSGS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIKE, Inc. NKE, salesforce.com, inc. CRM and Microsoft Corporation MSFT.

Here is a synopsis of all five stocks:

Bull of the Day:

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely on in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have

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Lowe’s gives $100 million more in bonuses to hourly employees

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Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020.

David Paul Morris | Bloomberg | Getty Images

Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees, as strong demand for home improvement continues.

It marks the sixth time the home improvement retailer has given additional pay to workers at its stores, distribution centers and support centers during the coronavirus pandemic. It gave bonuses to part-time, full-time and seasonal employees in March, May, July and August. It also increased pay by $2 an hour for the month of April. 

With the latest round, the home improvement retailer will have paid more than $675 million in additional pay to employees this year. It will pay the latest bonuses on Oct. 16. Full-time hourly employees will receive $300 and part-time and seasonal hourly employees

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Can Lowe’s Overtake Home Depot’s Top Spot?

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Where do you shop for home improvement projects? For many Americans, increasingly, the answer is Lowe’s (NYSE: LOW). Home Depot (NYSE: HD), a Dow Jones Industrial Average component and the largest U.S. home improvement retailer, benefited enormously from the recent positive trends in home improvement. But competitor Lowe’s did even better, and is right on its heels for the top spot. Can Home Depot keep its lead, or is it in danger of being overtaken by Lowe’s?

Why Home Depot needs to worry

Home Depot has been the leading home improvement chain for decades, being the first to create and expand its big box stores across the U.S. Annual sales came in at more than $110 billion in 2019, a 2% increase over the prior year. The company is admired as solution-driven and agile, and as it helps people across the country with do-it-yourself building projects, sales continue

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Lowe’s NFL “Home Team Roster” Is Doing Amazing Community Service Projects Across the Country

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Lowe’s

During these tough times of the coronavirus pandemic, we’ve been amazed at how many people—celebrities and regular folks alike—have devoted themselves to helping those in need. Now, we’re happy to hear this piece of feel-good news from Lowe’s, the home improvement store, which has just launched the “Home Team Roster,” a lineup of players from all 32 NFL teams working on various community impact projects in their respective NFL hometowns.

For the partnership, each player will volunteer on a project ranging from affordable housing repairs and small business support to veterans’ outreach and disaster recovery. Lamar Jackson, Baltimore Ravens’ quarterback and 2019 NFL MVP, is serving as “captain” for Lowe’s Home Team, and is very much looking forward to making a difference in Charm City.

For his specific project, the star quarterback will work with Lowe’s and Baltimore’s Southwest Partnership to help with the opening of the United Way

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Lowe’s Gains From Home Improvement Business & Online Sales

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Home renovation and maintenance activities have been gaining prominence lately, thanks to increased stay-at-home practices amid the coronavirus pandemic. The trend has been benefiting certain home improvement market players, including Lowe’s Companies, Inc. LOW. This apart, the company’s efforts to expand digital offerings is worth appreciating. These upsides were well-reflected in the company’s second-quarter fiscal 2020 results, with the top and the bottom line improving year on year. Let’s dig deeper.

Bright Prospects in Home Improvements Market

Growing inclination toward home improvement projects is quite visible in Lowe’s second-quarter fiscal 2020 results. Comparable sales (comps) for the company’s U.S. home-improvement business increased 35.1% in the second quarter, following an increase of 12.3% in the first quarter.

In the reported quarter, comps gained from sturdy project demand from DIY and pro customers across channels, product categories and geographies. It saw comps growth of more than 20% across all its merchandising divisions,

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Lowe’s website improvements could boost sales, execs say

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  • Lowe’s CEO Marvin Ellison spoke about the company’s omnichannel strategy during the company’s Wednesday earnings call.
  • In response to a question about brick-and-mortar sales, Ellison said that the company is hoping that an e-commerce overhaul will boost the performance of its physical stores.
  • “We think it’s part and parcel that Lowes.com has to improve,” Ellison said. 
  • Visit Business Insider’s homepage for more stories.

Lowe’s is hoping to boost its brick-and-mortar sales by upping its e-commerce game, CEO Marvin Ellison said during an earnings call with analysts Wednesday.

Ellison shared his thoughts on the retailer’s omnichannel approach in response to a question from Cleveland Research Company CEO Eric Bosshard, who asked the leadership team what had been limiting core brick-and-mortar sales. Bosshard also asked what steps Lowe’s planned to take to bolster its physical stores in 2020.

In its fourth-quarter earnings, Lowe’s posted a comparable sales increase of 2.5%, down from

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Employee at Apex Lowe’s Home Improvement tests positive for COVID-19

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APEX, N.C. (WNCN) – An employee at the Lowe’s Home Improvement store located in Apex’s Beaver Creek Commons shopping center has tested positive for COVID-19, according to a company spokesperson.

“The well-being of our associates and customers is Lowe’s priority, and we have confirmed a COVID-19 case of a Lowe’s associate at our Apex store, located at 1101 Beaver Creek Commons Dr.,” the spokesperson told CBS 17.

RELATED: Full coverage of the coronavirus outbreak

The company official added that the worker “has been quarantined and is receiving care.” The employee last worked on Monday.

Lowe’s employees who worked closely with the associate over a period of time are now on paid leave, the official said.

Sarah Sewell’s husband has worked at the Lowe’s in Apex since last fall.

She says they found out on Thursday that one of his coworkers tested positive for COVID-19.

“Our concern was how do you

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