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Lowe's increases sales by three per cent in the first quarter

Lowe's reports an increase in sales of 3.0 per cent in the first quarter (ending 4 May 2018) of financial year 2018/2019. The second largest chain of DIY stores in the world made sales of USD 17.360 bn in this period. Like-for-like sales rose by 0.6 per cent in total. In the USA, the like-for-like increase came to 0.5 per cent. The delay in the start to spring, in the words of Robert A. Niblock, chairman, president and CEO of the company, prevented better results, particularly in the outdoor product ranges.




|28 May 2018

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