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Lowe’s CEO talks expectations, preparations for the future

Lowe's Home Improvement (Charlotte Business Journal)

Lowe’s Cos. Inc. CEO Marvin Ellison says 2020 isn’t an anomaly.

Yes, the pandemic drove shoppers to the Mooresville-based home-improvement giant’s stores in droves — and continues to do so.

But behind the scenes, Lowe’s was already two years into a strategy focused on retail fundamentals. It’s made investments in merchandising, store operations, Lowes.com and supply chain, while working to improve and modernize its omnichannel ecosystem.

Ellison expressed confidence that Lowe’s will continue to take market share and improve operating profit in 2021 — regardless of the macro environment.

The executive talked with CBJ this week about how the retailer is working toward that. Read the full story here.


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