News | USA

Back

Lowe’s aims to expand its professional business

Lowe's is aiming for a targeted expansion of its professional customer business. The sales penetration for DIY and DIFM (do-it-for-me) customers is currently 75 to 80 per cent, while pro customers account for 20 to 25 per cent. However, the entire home improvement product market is geared half-and-half to DIY and pro customers. The company perceives a significant opportunity to grow pro sales, as became clear at the latest analyst conference in December.

Lowe's also intends to invest in new distribution centres to optimise fulfilment and delivery. The number of regional distribution centres and flatbed distribution centres supplying the stores, which currently stands at 15, will not increase for the time being, but the portfolio of eleven bulk distribution centres is to be boosted to more than 20. Instead of the five cross-dock delivery terminals currently in existence, there will be 90 of these in future to improve the delivery of bulk articles to end customers. The parcel service for customer delivery is to be upgraded by the addition of a second direct fulfilment centre.

| 8 January 2019


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Clas Ohlson’s project with storage provider Vinden

The Swedish retailer Clas Ohlson now offers a one month free storage service included in the purchase of storage boxes. The offer is part of Clas View news...

Praktiker Hungary grows by 20 per cent in 2018

Praktiker Hungary reports record sales for 2018. Returns rose by 19.5 per cent to HUF 57.1 bn (EUR 178 mio). Thus, the company has claimed second View news...

Participants rate 7th Global DIY Summit as very good

The majority of participants of the 7th Global DIY Summit in Dublin last week gave the event very good ratings. In the survey, which was carried out View news...

Industry Tools by Ferroforma in the new trade fair association +Industry

Last week, from 4 to 6 June 2019, the newly founded trade fair association +Industry took place in Bilbao (Spain). It included the also refocused View news...