To fuel long-term growth, expand its footprint and attract new DIY and Pro customers to the brand, Lowe's plans to open 10-15 stores per year over the next several years in fast-growing markets in the U.S.
Lowe's is planning to extend its rural assortments to 150 more stores, bringing everything needed for farm and home under one roof.
The company is providing scenario planning details for its 2025 financial performance to offer increased transparency in a macroeconomic environment that remains uncertain. It will also outline the next set of enterprise-wide Perpetual Productivity Improvement or PPI initiatives, which are expected to generate approximately $1 billion in annual cost savings.
