News Summary: Lowe’s 2Q profits down 10 percent

Published



SOFT SHOWING: Lowe’s Cos., the nation’s second largest home improvement retailer, reported a 10 percent drop in profit and a 2 percent decline in sales during its fiscal second-quarter.

NEW FLOOR PLAN: Efforts to change merchandising and pricing are taking longer than expected. In contrast, Home Depot reported upbeat results, citing an improvement in the housing market.

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