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LexRetail sector
Home Depot has bet $18bn on US housing market paralysis Premium content
...Rival Lowe’s reported an even steeper 11 per cent drop in annual sales. Wooing professional contractors and tradespeople makes sense....
April 2, 2024
ObituaryCharlie Munger
Charlie Munger, Berkshire Hathaway vice-chair, 1924-2023
...“Like Warren, I had a considerable passion to get rich,” Munger told Janet Lowe for her 2000 biography of him, Damn Right. “Not because I wanted Ferraris. I wanted the independence....
November 28, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Technology sector
MoviePass is back and this time it’s crypto, because of course it is
...MoviePass Inc., the technology platform enhancing the exploration of film and the moviegoing experience, announced today it has raised its seed financing led by Animoca Brands with participation from Claritas...
January 13, 2023
Semiconductors
US chipmaker to build semiconductor plant in Germany
...Wolfspeed hoped that 20 to 25 per cent of the total cost of the investment would come from subsidies, said the company’s chief executive Gregg Lowe....
February 1, 2023
Pfizer Inc
Pfizer pins hopes on record pipeline to recover from post-Covid hangover
...Dave Denton, who joined Pfizer as chief financial officer in April from US retailer Lowe’s, told The Financial Times he is confident the company can manage the transition....
February 21, 2023
Retail sector
Walmart and Home Depot ease fears of recession even as inflation persists
...Retailer Target and DIY chain Lowe’s, which report earnings on Wednesday morning, rose 4.6 per cent and 2.9 per cent, respectively. Are we heading towards a global recession?...
August 16, 2022
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthTechnology regulation
Big Tech pulls out all the stops to halt ‘self-preferencing’ antitrust bill
...“The internet giants are in Yolo [you only live once] mode — they are desperate and are doing whatever they can to change the trajectory,” said Luther Lowe, senior vice-president of public policy at Yelp...
June 6, 2022
LexHome Depot Inc
Home Depot/Lowe’s: housing scramble furnishes rooms for improvement Premium content
...Home Depot and Lowe’s shares — at 24 and 19 times forward earnings — are trading in line with a year ago. That is curious given that last May a global crisis was unfolding....
May 19, 2021
Electric vehicles
Electric vehicle maker Rivian sued for ‘unlawful’ firing
...“Ms Schwab is determined to hold Rivian accountable for its bad behaviour,” Lowe said. Schwab outlined her complaint in a blog post titled “Life outside the boys club”....
November 5, 2021
ReviewTheatre
Best of Enemies — James Graham’s gripping culture-war drama
...An excellent, multitasking cast take on friends, partners, news anchors, nervous TV executives, furious protesters and cameo appearances as famous figures such as James Baldwin (Syrus Lowe, brilliant), Enoch...
December 10, 2021
LexUS retail
DIY retailers: falling lumber prices will not knock down returns Premium content
...Share prices of Home Depot and Lowe’s, America’s largest do-it-yourself retailers, have fallen around a tenth over the same period....
June 21, 2021
Big Tech
Big Tech split leads to demise of Internet Association
...“This org could’ve saved itself years ago by kicking out everyone with a market cap greater than $500bn,” tweeted Luther Lowe, Yelp’s head of public policy. Yelp left the association in 2019....
December 23, 2021
LexHome Depot Inc
Home Depot/Lowe’s: the DIY is cast Premium content
...But Lowe’s is narrowing the gap....
August 12, 2020
News in-depthRetail sector
Lockdown home improvement boom boosts US DIY chains
...Lowe’s sales rose even more in the quarter than Home Depot, which is more reliant on tradesmen....
August 22, 2020
LexUS retail
Big-box retailers: winner takes all Premium content
...Outside groceries and general merchandise, big-box DIY retailers Home Depot and Lowe’s have also made tremendous sales gains as people stuck at home finally tackle home improvement projects....
November 24, 2020
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Apple Inc
Apple Pay draws antitrust attention
...Australia’s central bank chief Philip Lowe recently said Apple’s approach to payments was “raising competition issues”....
December 18, 2020
Home Depot Inc
Home Depot sales soar as Americans turn to DIY
...DIY has become a rare bright spot in the US retail sector, with Home Depot and its rival Lowe’s benefiting as the pandemic enforced extended time indoors, encouraging many Americans to do up their homes....
August 18, 2020
News in-depthFT Alphaville
Is PayPal driving the bitcoin spike?
...As Erik Lowe, head of content at bitcoin fund Pantera noted to FT Alphaville by email: PayPal’s October 21st launch announcement coincided with the service’s availability for select US accounts....
November 20, 2020
EU tech regulation
Google overhauls European search results to avoid probe
...“[We] see that they are sending less traffic to the web than the proposals made to Almunia,” said Luther Lowe, senior vice-president of public policy at Yelp, after running user experiments on the recent...
March 19, 2019
Mergers & Acquisitions
US investors launch $7bn hostile bid for CoreLogic
...Management and DE Shaw, is a well-known activist investor, who has led campaigns against the boards of the US automation and building equipment group Emerson Electric and the home improvement retailer Lowe...
June 26, 2020
News in-depthPersonal & Household Goods
Americans splash out on bikes and televisions
...Paint, power tools and timber had sold particularly well, according to Lowe’s, which has about 2,200 outlets....
May 20, 2020
US retail
US retail: how to spend it Premium content
...Chains including Walmart, Kroger, Target, Home Depot and Lowes have ramped up spending on wages, sick leave, extra cleaning and protective equipment for employee amid the pandemic....
May 18, 2020
Apple Inc
Apple explores iHeartMedia stake to boost its streaming service
...Industry executives say that Beats 1, a 24-hour live station featuring high-profile DJs such as Zane Lowe and Julie Adenuga, was largely designed to promote the subscription service and has not attracted...
November 1, 2018
US retail
Target and Lowe’s sales show US shoppers still spending
...Meanwhile, home improvement chain Lowe’s closed 10 per cent higher. Both companies posted stronger-than-expected sales growth during the second quarter....
August 21, 2019
Lowe's Cos Inc
DIY retailer Lowe’s issues profit warning on rising costs
...In contrast to Lowe’s, Home Depot this week said it was still on track to deliver its annual profits target. Lowe’s is closing underperforming stores as part of its efforts to better compete....
May 22, 2019

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