Lowe's acquires online retailer ATG Stores
January 9, 2012-- Home Textiles Today,
Mooresville, N.C. - Home improvement retailer Lowe's Cos. said it has acquired ATG Stores, an online retailer that specializes in home improvement and lifestyle products.
Lowe's said the acquisition of ATG, which will retain its own brand and headquarters in Kirkland, Wash., underscores Lowe's commitment to providing customers with "an endless aisle" of products.
The company said ATG offers 3.5 million products from more than 3,300 brand manufacturers. Both companies include home furnishings products in their assortments.
Terms of the purchase were undisclosed.
"The addition of ATG Stores is a strategic fit, providing more opportunities to Lowe's to be a relevant partner at every stage of the home improvement process and deliver better customer experiences from inspiration to planning to enjoyment," said Robert A. Niblock, Lowe's chairman, president and ceo.