Lowe’s evolution to defend its brand and cost advantages kick off new leadership team.
With Marvin Ellison taking the helm at the beginning of July and a massive overhaul of the C-suite, we aren’t surprised that changes are underway at Lowe's. Taking his first step to alter the business, CEO Ellison announced the wind-down of the Orchard Supply brand, which was acquired in 2013 and has troubled the wide-moat company, generating a $76 million impairment in 2016. He also announced an inventory rationalization plan; both are set for execution over the remainder of the year. Given tha...Lowe's Companies is a home improvement retailer. The company provides home improvement products in lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens categories. The company provides installation services through independent contractors in product categories, including appliances, flooring, kitchens, lumber and building materials, and millwork. The company also provides extended protection plans for various products within the appliances, kitchens, fashion fixtures, millwork, rough plumbing and electrical, seasonal and outdoor living, and tools and hardware categories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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