Same-store sales jumped 12.3 percent at Lowe’s and 7.5 percent at Home Depot in their first-quarters as sheltering Americans found time to tackle household projects.
Lowe’s CEO Marvin Ellison said on his company’s conference call last Wednesday that the retailer benefited from the arrival of spring weather in many Western and Southern geographies “as well as a customer mindset that was heavily concentrated on the home.”
