Lowe's Companies Inc. - LOW STOCK NEWS

Lowe's has announced its 2022 Vendor Partners of the Year, recognizing A.O. Smith, Blackstone, and Mansfield Plumbing for their excellence in quality, innovation, and service. A.O. Smith achieved double-digit sales growth in water heaters, Blackstone expanded its griddle category significantly, while Mansfield Plumbing excelled in providing plumbing fixtures. Additionally, Owens Corning was honored as Sustainability Partner of the Year for reducing greenhouse gas emissions by 60% since 2007. This recognition highlights the crucial role these suppliers play in enhancing customer satisfaction and driving sales amid economic challenges.

Lowe's has pledged $2 million to aid relief efforts in Florida following Hurricane Ian's devastation. The donation supports disaster relief partners and provides essential supplies like emergency shelter and food. More than 200 associates from Lowe's Emergency Response Team are deployed to assist affected stores and communities. The company is also activating its Emergency Command Center and distributing free cleanup supplies through bucket brigade events. Financial assistance through the Lowe's Employee Relief Fund is doubling employee donations through Oct. 31.

Lowe's has partnered with Samsung to launch a limited-edition collection of refrigerator panels for the Samsung Bespoke 4-Door French Door Refrigerator, designed by artists Alexa Meade, Amber Vittoria, and Domonique Brown. These exclusive panels allow consumers to customize their appliances while showcasing personal style. With a focus on art and customization, the collaboration aims to transform kitchens into unique spaces. Lowe's, known as the No. 1 home appliance retailer, emphasizes quality, innovation, and style in its offerings.

Lowe's is celebrating National First Responders Day by offering eligible first responders a $10 discount on purchases over $75 from Oct. 21 to Oct. 28, 2022. In addition to discounts, Lowe's hosts fire safety demos and community projects to support first responders. Part of the Lowe's Hometowns initiative, the company commits $100 million over five years to enhance community spaces. Projects include renovations for local emergency services. The initiative reflects Lowe's appreciation for first responders who play a vital role in community safety.

Lowe's has launched the first interactive store digital twin in the home improvement retail industry during NVIDIA GTC, powered by NVIDIA's Omniverse. This digital twin enables store associates to access and visualize extensive digital data to enhance store operations and customer experiences. Currently live in two stores, it incorporates AR technology for tasks like restocking and optimizing product placements. In the upcoming weeks, Lowe's plans to release part of its 3D product catalog to Omniverse users, encouraging innovative retail applications.

Lowe's has partnered with Instacart to offer same-day delivery from over 1,700 stores across the U.S., enhancing convenience for customers. The initiative allows delivery of nearly 30,000 items, including home improvement essentials, gifts, and holiday decorations, within an hour. This service aims to simplify shopping experiences during the busy fall season. Lowe's, a leading home improvement retailer with over $96 billion in sales in fiscal year 2021, is expanding its e-commerce offerings to improve customer satisfaction and streamline project preparation.

Lowe's is partnering with Sleep in Heavenly Peace to participate in the Bunks Across America event on September 10, aiming to build over 7,500 bunk beds in one day. More than 30 stores will join volunteers, contributing over $350,000 in products. Since 2012, Lowe's has helped build over 123,000 beds to address childhood bedlessness, aligning with their commitment to community support. The initiative reflects Lowe's ongoing support to provide safe and affordable housing for children and families.

Lowe's Companies, Inc. (NYSE: LOW) announced on September 6, 2022, its agreement to issue $4.75 billion in senior notes. The offering includes $1 billion of 4.400% notes due 2025, $1.25 billion of 5.000% notes due 2033, $1.5 billion of 5.625% notes due 2053, and $1 billion of 5.800% notes due 2062. Proceeds will be used for general corporate purposes. The closing date is anticipated for September 8, 2022, contingent on standard conditions. Major financial institutions, including Barclays and Goldman Sachs, are managing the offering.

Lowe's Companies, Inc. (NYSE: LOW) will have its CEO, Marvin R. Ellison, participate in a fireside chat during the Goldman Sachs 29th Annual Global Retailing Conference. The event is scheduled for 1:00 p.m. EDT on September 8, 2022. Investors can access the audio webcast via Lowe's Investor Relations, where an archived version will be available approximately 24 hours later. In fiscal 2021, Lowe's reported over $96 billion in sales, serving around 19 million customer transactions weekly.