Q3 growth for Lowe’s

In the third quarter (ended 28 October 2010) of its business year Lowe’s increased sales by 1.9 per cent on the same period last year to US $ 11.6 bn. Sales rose 0.2 per cent like-for-like. The company, which is number two in both the US and global DIY markets, has announced an increase of 3.5 per cent to US $ 38.3 bn and like-for-like growth of 1.4 per cent for the first nine months. After ten openings in the third quarter, the company had 1 734 stores in operation in the USA, Canada and Mexico on the last day of the period under consideration.