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Lowe's ended fiscal 2015/2016 (ended 29 January 2016) with sales of USD 59.074 bn, equivalent to an increase of 5.1 percent. Comparable sales increased by 4.8 per cent in total and 5.5 per cent for the US home improvement business.
Growth in the fourth quarter was slightly above average at 5.6 per cent. In these three months the number two in the US and global DIY market transacted sales amounting to USD 13.236 bn.
This year the company plans to expand its store network substantially. It expects to add approximately 45 home improvement and hardware stores. Lowe's had 1 857 outlets in the USA, Canada and Mexico at the end of the financial year.
Growth in the fourth quarter was slightly above average at 5.6 per cent. In these three months the number two in the US and global DIY market transacted sales amounting to USD 13.236 bn.
This year the company plans to expand its store network substantially. It expects to add approximately 45 home improvement and hardware stores. Lowe's had 1 857 outlets in the USA, Canada and Mexico at the end of the financial year.
