Lowe's toughs it out
Retail Editor 2 -- Home Textiles Today, May 22, 2013
Mooresville, NC - Despite delayed spring selling in parts of the country, Lowe's net earnings ticked up 2.5% to $540 million, or 49 cents per share in the first quarter.
Sales slipped 0.5% to $13.1 billion and comps declined 0.7%.
"Results for indoor categories were solid for the quarter, a testament to the team's continued focus on improving our core business through cross-functional collaboration and consistent execution in stores and across other selling channels," said Robert Niblock, chairman, president and ceo.
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