Lowe’s Cuts Sales Forecast as Consumers Decide Against DIY
Consumers are putting do-it-yourself (DIY) projects on hold, which is bad news for Lowe’s. The home improvement chain has slashed its full-year sales outlook, saying Tuesday (Nov. 21) that it had seen a “greater-than-expected pullback” — to the tune of 13% — in sales as homeowners held off on new DIY work. “Given our 75% DIY mix, […]
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