Lowe’s Companies, Inc.: Will Its Diversification of Sourcing & Supply Chain Strategy Be A Potential Game Changer? 

Lowe’s Companies reported third-quarter sales of $20.2 billion, with comparable sales down 1.1%. Despite the overall decline, the company noted strength in Pro and online sales, which were key drivers of performance. Pro sales increased with high single-digit positive comps, attributed to investments in the Pro shopping experience. Online sales also grew by 6%, driven by improvements in conversion and traffic, including a double-digit increase in traffic via Lowe’s mobile app and an expanded same-day paint delivery service.