Niblock emphasized achievements in
- In the digital space, the company invested in Lowes.com and Lowesforpros.com, improved its pick up in-store capabilities, and grew online sales by 34 percent.
- To better reach the Pro customer,
Lowe's acquired Central Wholesalers andMaintenance Supply Headquarters , two of the nation's leading distributors of maintenance, repair and operations products to the multifamily housing industry. - The company's in-home selling channel, through which project specialists nationwide help customers with planning and executing their biggest projects, surpassed
$2 billion in sales.
"By focusing on the things that matter most to customers and making strategic investments in the systems, capabilities and people required to meet customers' rapidly changing expectations, we have created the conditions necessary for continued growth," said Niblock, who retires in July after 25 years of service. "Our efforts to realize the purpose-driven, customer-centric, service-minded and principles-based culture are at the core of our 2017 progress. From in-store to digital to over the phone and in the home, we're committed to developing and executing better experiences for customers today and in the future."
In addition, the company announced that the board of directors has declared a 17 percent increase in its quarterly cash dividend to
During the meeting, shareholders elected board members
Shareholders also ratified
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The forward-looking statements contained in this press release are expressly qualified in their entirety by the foregoing cautionary statements. A list of important factors that may affect future results is provided in our filings with the
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