Lowe’s announce ten per cent increase

The American home improvement retailer Lowe’s announces a sharp rise in business. In the second quarter (to 2 August 2013) the company increased sales by 10.3 per cent on the same period last year to US $ 15.7 bn. Even in comparable terms it achieved a 9.6 per cent increase, which is almost a double-digit rate of growth. Altogether sales saw growth of 5.1 per cent to a total of US $ 28.8 bn for the first six months of the company’s fiscal year; in comparable terms the increase came to 4.6 per cent. On the cut-off date Lowe’s had 1 758 stores in operation in the USA, Canada and Mexico.