Lowe’s sounds alarm bells around a growing problem
The home improvement retailer is calling out a startling consumer trend.
Lowe’s (LOW) , along with other retailers within the home improvement sector, is continuous to suffer from an alarming trend that’s putting a dent in its profits. Due to the this fact, the company is heavily relying on three major factors to lend a hand tackle the issue.
In its third-quarter earnings report for 2024, Lowe's revealed that its customers have grown weary of spending money in its stores. Lowe’s comparable sales throughout the quarter declined by about 1% year over year.
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