Lowes Companies News

Just in time to finish up his Christmas shopping, Larry Stone pulled in a quick and easy 1.375 million by exercising some of his stock options. Larry was smart and waited. By doing so, he got the best deal on his options compared to all the other Lowe's execs who cashed in theirs. Larry got almost $24.00/sh for his 316,912 shares.

Atlanta-based BGCA will use part of the funding to repair or improve 19 clubs, including renovations to the DeKalb County unit of Boys & Girls Clubs of Metro Atlanta.

Dave Bagler is the store manager at the new Lowe's outlet in OrlA©ans. The U.S. home-improvement giant opened its doors here Monday in its first of three locations expected for Ottawa.

Plug-and-Play Panels Hit Shelves at Lowe's Energy Center in 21 Locations.

For the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc. (Nasdaq:AKNS), a leading installer and manufacturer of solar power systems. The Andalay AC panels are available at 21 Lowe's home-improvement stores throughout California. The panels, which were recently honored with a 2009 Popular Mechanics Breakthrough Product award, are featured as part of Lowe's Energy Center at the stores.

"The PC revolution in the computer industry occurred when new technology made PCs easy to use and affordable," said Barry Cinnamon, CEO of Akeena Solar. "Likewise, with panels becoming plug-and-play appliances, the solar revolution has started. The availability of solar panels in Lowe's stores makes it easy for homeowners to go solar and is a big step toward getting solar on every sunny rooftop."

The Lowe's Energy Center is a one-stop, easy-to-shop destination that empowers customers to create an energy plan that fits their budget and home-improvement goals. An information kiosk offers a touch-screen display to help customers evaluate their home's solar and wind potential, and the Energy Center features products that help them measure their energy use, reduce energy consumption and generate clean energy. Lowe's is the first major retailer to offer many of these products in one place, products that range from power monitors and small solar chargers to a solar panel system. The Energy Center will be in additional U.S. and Canadian stores in 2010.

The Board of Directors of Borders Group, Inc. (NYSE: BGP) announced that David Shelton, 62, has been elected as a new Director.

Shelton has had a 36-year career with $48.2 billion home improvement retailer Lowe’s Companies, Inc. that began in 1970 and concluded in 2006 with his retirement. His most recent position at Lowe’s was Senior Vice President, Real Estate, Engineering and Construction, a role he held since 1997. Prior to that post, Shelton was Vice President, Sales Operations and Vice President, Store Operations. Throughout his earlier years with Lowe’s, Shelton served in a variety of positions including Store Manager, Corporate Store Operations Analyst and Vice President, Pricing and Training.

Mr. Shelton was the Senior Vice President who led the Lowe's Real Estate team that built more than 100 Lowes stores every year throughout the United States.

“We are pleased to welcome David as a Director,” said Borders Group Chief Executive Officer Ron Marshall. “He brings valuable experience and insights to Borders from nearly four decades with one of the nation’s leading retailers. We look forward to benefiting from his guidance.”

Shelton holds a bachelor’s degree from Berea College and earned master’s and doctoral degrees from the University of North Carolina/Greensboro. He also serves as the Chair for the Berea College Board of Trustees.

Lowes Companies, the world's second-biggest home improvement chain, said it's continuing its Canadian expansion with the opening of three new stores in the west of the country.

Lowe's Companies Inc. filed Quarterly Report for the period ended 2009-10-30. Lowe's Companies Inc.

The second half of November 2009 was a very busy time for the Lowe's Chief Executive. On November 16th, Robert Niblock announced that Lowe's earnings were down 30% in the 3rd Quarter of 2009. He offered some explanations on how Lowe's was being negatively impacted by "the macro environment". Lowe's stock took an immediate hit that day.

While investors, employees and customers were waiting on Niblock to discuss his plan to improve things at Lowe's, Niblock did something totally unexpected. Instead of focusing on the problems at Lowe's, he ditched his normal duties as CEO of Lowe's to go play NASCAR crew member with Jimmie Johnson.

On November 22, 2009, instead of preparing his company for the upcoming "biggest day of retail shopping", known as "Black Friday", Niblock decided to skip out of his CEO duties at Lowe's and attend the NASCAR race in Homestead, FL.

Niblock is not your typical quiet CEO of a sponsor. He actually participates in race activities. And this probably wouldn't be a bad thing except for the fact that Lowe's sales and profits have been down for nine consecutive quarters.

Starting November 30, 2009, four time (consecutive) NASCAR Champion Jimmie Johnson embarks on his media tour. And you can bet that Robert Niblock will once again be at Jimmie's side for a series of photo ops.

Hopefully once all the hoop-la, photo ops and interviews are over, Niblock will get back to his job as the CEO of Lowe's.

The drivers who pass through the intersection of Mineral Spring and Douglas avenues surely can't help noticing the construction project on the site of a former car dealership.

About 664,700 Perfect Flame SLG series gas grills in the U.S. and Canada have been recalled.

Lowe's Companies, Inc. announced the promotion of Todd I. Woods to senior vice president, deputy general counsel and assistant secretary.

THE HUMANITY!!!!!

In the bizarre world of corporate greed and selfishness that has come to define our times, Robert Niblock saw his income go UP 11% at the same time Lowe's income fell by 22% and our economy teters on the brink of a depression.

The top brass at Lowes were fully aware that 2008 would be a disaster so they decided to base their pay on easily achievable low-ball targets.

$6.6 million AND a private Jet Mr. Niblock made $6.6 Million Dollars last year while employees were laid off and their stock price fell through the floor. To add insult to injury, private Jets are mandated in his contract for safety, health and security reasons.

Just like the Auto Industry, Lowes has yet to figure out that its executives can fly first class at a fraction of the price and save thousands of jobs a year for hard working people who are the back-bone of the company.

Lowe's Companies, Inc. F3Q09 Earnings Call November 16, 2009 9:00 am ET Executives Robert A. Niblock - Chairman of the Board, Chief Executive Officer Larry D. Stone - President, Chief Operating Officer Robert F. Hull Jr.

Home improvement giant Home Depot reported its third-quarter earnings this week with no surprises for me.

The Consumer Product Safety Commission and Health Canada have announced a voluntary recall of Perfect Flame SLG Series Gas Grills sold through Lowes Home Improvement Stores between September 2005 and May 2009.

In spite of the Obama administration's latest effort to boost the U.S. housing market by extending the first-time homebuyer credit, numbers reported yesterday by the nation's biggest home-improvement retailer, The Home Depot Inc.

Submitted by Liz Tracy, Rebuilding Together, Manchester, on 2009-11-17.   Recently volunteers from Lowe's and Rebuilding Together dedicated their time and expertise to improve the homes of two Manchester families.

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Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit on Monday as consumers put off big renovations and the U.S. housing market remains sluggish.

Lowe's Companies, Inc. reported net earnings of $344 million for the quarter ended Oct.