Lowe's reports third-quarter profit drop of 24 percent

December 2008
Home Channel News;12/15/2008, Vol. 34 Issue 16, p4
The article reports on the business performance of Lowe's Cos. Inc. in the U.S. The company accounted that its third-quarter profit decreased 24% as consumers eschewed home improvement projects and big-ticket purchases. According to Lowe's chairman and chief executive officer (CEO) Robert Niblock, the third quarter continued what has been a very difficult period as many exterior factors weighed on home improvement sales.


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