Lowe's fortifies expansion strategy

Wilkesboro, NC — Lowe's Companies Inc. continues to plot an aggressive growth strategy as the company has announced plans to grow its store base by 130 units in 2003 and up to 140 units in 2004.

In anticipation of today's annual conference for analysts and investors, the retailer also said that it expects to increase revenue by 18 percent to 19 percent annually and grow earnings per share by 19 percent to 20 percent annually over the next two years.

"While we continue to see mixed economic signals, based on broad-based strength in home improvement spending, we believe Americans will remain willing to invest in their homes to derive both current enjoyment and the potential for longer-term appreciation," said Robert Tillman, chairman and ceo.

Stores in Northeastern metro markets — including Boston and the greater New York area — now lead the company in average ticket, volume per store and customer count.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!