Lowe’s Sales Sag Amid Home Improvement Decrease
North Carolina-based Lowe’s saw its comparable sales slip by 1.6 percent in the second quarter, the company said on Wednesday (Aug. 18), led by a drop of 2.2 percent in the company’s home improvement business.
Total sales in the three months ending July 30 were $27.6 billion, up slightly from $27.3 billion in the second quarter of 2020. Lowe’s saw 21 percent growth in its Pro segment and a 10 percent boost in installation services in the second quarter of this year. Online sales went up about 7 percent year over year, compared to a 135 percent spike the