CEO Robert Niblock

On August 17, 2009, Robert Niblock said Lowe's is scaling back it's expansion."Consumers are only taking on home improvement projects that they feel are absolutely necessary and are postponing discretionary projects until clarity about the future returns," Niblock said in a conference call. The company said it is scaling back expansion plans in 2010. The company now expects to open 35 to 45 stores during the year. It said it is also taking a $48 million charge for canceling plans for opening...Read Full Story

Home-improvement retailer Lowe's Cos. says its profit rose 10 percent in the second quarter as sales edged up and the company kept costs in check.Lowe's says revenue from stores open at least a year rose 1.6 percent.Chairman and CEO Robert Niblock says there won't be consistent improvement in demand until the labor and housing markets improve.The Mooresville, N.C., company says net income rose to $832 million, or 58 cents per share, in the quarter ended July 30. That's up from $759 million...Read Full Story

Lowe's Cos. says its first-quarter net income rose 2.7 percent as people spent more money on home-improvement projects and bought more big ticket items.The No. 2 home-improvement retailer says it earned $489 million, or 34 cents a share, in the three-month period ending April 30. In the same period last year the Mooresville, N.C., company earned $476 million, or 32 cents a share.Revenue rose 4.7 percent to $12.39 billion.The results handily beat the expectations of analysts. According to...Read Full Story

Wal-Mart joined with a large union and a liberal think tank on Tuesday to endorse the idea of an employer mandate in health care reform, setting the major retailer apart from most other businesses.The Retail Industry Leaders Association (RILA) hosted its semi-annual Board of Directors meeting this week in Washington DC. Robert A. Niblock, Chairman & Chief Executive Officer, Lowe's Companies, Inc. also serves as Chairman of the RILA Board of Directors.RILA opposes legislation that would...Read Full Story

Granite kitchen and bathroom countertops is absolutely the chief surface in this day and age. Lowes has on-line available granite countertops with exceptional availability through Lowes Employees. http://www.jacksonstoneworks.com/I purchased a custom-built granite vanity top from a Gainesville, Fl. Granite Retail Company at Lowes and I was able to receive my vanity countertop in approximately a week or so. http://www.jacksonstoneworks.com/lowes1/I've found an extraordinary piece of granite...Read Full Story

Granite stone countertops is clearly the primary surface these days Lowes provides a selection of excellent granite vanity tops made by a company called Jackson Stoneworks Industries .I purchased a custom-built granite vanity top from a Gainesville, Fl. Granite Retail Company at Lowes and I was able to receive my vanity countertop in approximately a week or soI've found an extraordinary piece of granite countertop for my ktichen by a granite industry retail name Jackson Stoneworks at Lowes, I...Read Full Story

AppState put out a short article about Mr Niblock's speach at the CEO lecture series.  Sounds like Niblock focused on a CEO's sense of integrity and leadership potential.  Here is an exerpt of the appstate.edu article BOONE—It’s up to the next generation of business leaders to restore the public’s faith in corporate America, said Lowe’s Companies chairman and CEO Robert Niblock. Speaking to students and guests at the Harlan E. Boyles Distinguished CEO Lecture Series at Appalachian State...Read Full Story

Lowes, Lowe's Companies, Inc. today announced it will offer all active, reserve, honorably discharged and retired military personnel and members of their immediate families a 10 percent discount on purchases U.S. store during the Veterans Day holiday. The discount is available November 11 to November 15. The discount is available in stock and special order purchases and up to 5000. To be eligible, individuals must present a valid military identification or other proof of service. Excluded...Read Full Story

Forbes published Niblock's yealy compensation at $5.5 million (USD). Not bad!Robert A Niblock's Compensation Vs. Retailing Medians Salary   $0.85 mil     $1.02 mil Bonus $2.55 mil $1.24 mil Other $0.35 mil $0.73 mil Stock Gains $1.74 mil $0.00 mil   Total Compensation $5.50 mil   $4.25 milRead Full Story

Lowes is one of the largest retail home improvement chains in the U.S. In fact, it is second to only The Home Depot. It operates over 1,700 retail locations in the U.S. serving more than 14,000,000 customers a week. Initially they did not want to take the route of competitors with their huge mega store locations, but in order to survive they eventually adopted the philosophy and it has payed off for them. Lowes is a great place to shop and their prices are competitive. Although sometime not...Read Full Story