Planning at Lowe's

Lowe's is planning to expand by opening between 150 and 160 new outlets this year. This should result in growth of around 11 per cent for the combined retail area. A sum of US $ 140 – 145 mio has been set aside for this investment. Where turnover is concerned, the company is aiming for an increase of 10 per cent in 2007, though it reckons that two per cent growth at the most is possible in like-for-like terms.