Lowe’s said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses. This, as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot. Lowe’s also reported a smaller-than-expected rise in same-store sales.
The company has perennially lagged Home Depot in same-store sales, despite having roughly the same number of stores.
Lowe’s said it was looking at all options for its chain of 13 stores in Mexico.
Be the first to comment