Lowe's closes 7 stores, posts flat second-quarter earnings

08/16/2011 | Wall Street Journal, The · Google

Lowe's announced its second-quarter profits fell 0.2% from the year-ago period, citing the economy for weak home-improvement demand. The company said it closed seven stores that failed to meet performance standards. "Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations," CEO Robert Niblock said.

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Wall Street Journal, The · Google

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