Lowe’s Spending $100 Million More for Pandemic Bonus for Workers

Lowe’s  (LOW) – Get Report said Wednesday it would spend another $100 million in bonuses for U.S. hourly employees this month to recognize their service during the coronavirus pandemic, bringing the total to $775 million.

Shares of the Mooresville, North Carolina-based home-improvement retailer were rising 2% to $167. 

Lowe’s said that all active hourly associates in Lowe’s U.S. stores, distribution centers and store support centers will receive the bonus on Oct. 16.

Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. 

The October bonus will match the funds Lowe’s provided to all hourly associates in March, May, July and August.

With this latest round of coronavirus relief, Lowe’s said it will have provided more than $775 million in incremental financial support to associates this year. 

Along with the previous special payments and bonuses, Lowe’s increased pay for full-time, part-time and seasonal associates by

Read More

SoulCycle’s At-Home Bike Launches Across The US, With Live Classes And New Variis Fitness App

Starting today, SoulCycle riders in all 50 states can bring the sweaty, high-energy, in-studio experience into their home with the national launch of SoulCycle’s at-home bike. Initially released to a small set of markets in March, this national launch coincides with the co-launch of Variis mobile app. SoulCycle’s live and on-demand classes stream to the at-home bike’s screen via Variis, Equinox Media’s digital fitness media platform. In addition to powering the digital SoulCycle experience, the standalone Variis mobile app also launches today, powering digital access to a variety of Equinox’ other notable digital fitness and mindfulness modalities.

Not surprisingly given the current climate, demand for SoulCycle’s at-home bike skyrocketed after safer-at-home orders were issued earlier this spring, necessitating a change in rollout plans for the greater launch. According to Equinox Media and Variis

Read More

Why a Winning $6B Value Fund Likes UPS, Walmart, and Home Depot Stock

Text size

Jeff Kripke manages the the $6 billion Pioneer Fund.

Photograph by Tony Luong

Nearly a century before the idea of socially responsible investing took root, Pioneer Investments founder Phil Carret espoused the importance of investing in “good” companies, which at the time meant avoiding tobacco, alcohol, and gambling stocks. 

Today, sustainable investing has evolved to include a range of environmental, social, and governance factors—and the importance of investing with an ESG lens carries even greater weight in the digital age. “Companies spend billions of dollars building their brands, and all of that can go away when bad news goes viral,” says Jeff Kripke, the lead manager of the $6 billion

Pioneer Fund

(ticker: PIODX).

Kripke, 53, took the helm of Pioneer’s 92-year-old flagship portfolio in 2015 and updated its investment approach—reducing the number of holdings by more than half, to a recent 45, and making ESG factors a

Read More

Nigerian Displaced Face Jihadist Attacks After Returning Home

Authorities in volatile northeastern Nigeria have been encouraging thousands of people displaced by jihadist violence to return home, even as bloody attacks persist.

On September 27, hundreds of people came back to Baga, a fishing town on the shores of Lake Chad in Borno state, six years after it was seized by Boko Haram.

Their return came shortly after the convoy of Governor Babagana Umara Zulum was ambushed by the IS-linked Islamic State West Africa Province (ISWAP) while he was making an assessment of the area. Thirty security personnel and civilians were killed.

Jihadists have seized swathes of territory in Borno, Boko Haram’s birthplace, forcing some two million to flee their homes.

Most of the displaced have moved into squalid camps in the regional capital, Maiduguri, relying on food handouts from international charities.

Like many officials before him, Zulum has insisted that the displaced “must return” to rebuild their homes

Read More

Q3 2021 Earnings Estimate for Lowe’s Companies, Inc. Issued By Piper Sandler (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Analysts at Piper Sandler upped their Q3 2021 earnings estimates for Lowe’s Companies in a report released on Monday, October 5th. Piper Sandler analyst P. Keith now anticipates that the home improvement retailer will post earnings of $1.99 per share for the quarter, up from their previous forecast of $1.90. Piper Sandler also issued estimates for Lowe’s Companies’ FY2021 earnings at $8.68 EPS, Q3 2022 earnings at $2.16 EPS and FY2022 earnings at $8.89 EPS.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.80. The firm had revenue of $27.30 billion during the quarter, compared to the consensus estimate of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The business’s revenue

Read More

Marquette Township Lowe’s to offer drive-through trick-or-treating this year

MARQUETTE TOWNSHIP, Mich. (WLUC) – Lowe’s in Marquette Township will be offering up a new option for Halloween this year.

According to a release, the company is launching drive-through, curbside trick-or-treating events at all stores nationwide from 6:00 p.m. to 7:00 p.m. on Oct. 22 and Oct. 29.

Beginning Saturday, Oct. 10, families can visit Lowes.com/DIY to reserve a spot for Lowe’s Halloween experience at the Marquette Township store, or store closest to them.

Then, families can drive up to receive candy and a small pumpkin at no cost to take home. Lowe’s has even offered some cool pumpkin design ideas in this video. Costumes are encouraged, but are not required to attend.

“We know that customers still want to celebrate Halloween, even if the holiday may look different for us this year. While the pandemic has changed many elements of everyday life, the tradition of trick-or-treating doesn’t have to

Read More

Sheriff: Man wanted after filming under bathroom stall in Lowe’s

They say he filmed someone from under a bathroom stall.

RIVERVIEW, Fla. — Hillsborough County Sheriff’s deputies are searching for a man they say was caught filming inside the restroom of a Riverview home improvement store. 

Deputies say the man entered the Lowe’s on Gibsonton Drive in Riverview around 5:45 p.m. on Sept. 29 and immediately walked toward the store’s bathrooms.

Later, around 6:30 p.m., the victim told deputies they saw the man reach under the bathroom stall with a cell phone to record them. According to law enforcement, the victim attempted to confront him following the incident, but the man quickly left the store. 

Surveillance video shows a man leaving in a dark-colored Chevrolet Suburban. 

Deputies say the man is between the age of 50 and 60 years old. Investigators say he was last seen wearing a white and blue paid button-up shirt, blue jeans and a black M5

Read More

Lowe’s to offer curbside trick-or-treating this Halloween

Dive Brief:

  • Lowe’s on Monday announced the launch of its curbside trick-or-treating event at its stores across the country from 6-7 p.m. on Oct. 22 and Oct. 29.

  • Starting Oct. 10, families can book a spot online for Lowe’s Halloween experience at a nearby location, where they then can drive up to get candy and a small pumpkin for free. Costumes are welcome but are not required, the company said. 

  • On Oct. 28, the home improvement retailer is encouraging consumers to carve a pumpkin with a message of gratitude to first responders to celebrate National First Responders Day and share their creations on social media using #BuildThanks. 

Dive Insight:

Lowe’s is among other retailers engaging with Halloween consumers in new ways this year. The holiday is going to be different for many companies, including Party City, where Halloween accounts for around 20% of its domestic sales. 

A National Retail Federation

Read More

The Pandemic DIY Boom – The Atlantic

But in April, she realized that she had the opposite problem: Orders had started pouring in. Schauffler told me the company’s sales are up 400 percent over last year, and her best sellers—sheets of peel-and-stick white subway “tiles” and metallic mosaics—had completely sold out twice already. “Everyone was at home, they had time, they looked at their environment, and they went online,” she said. They started watching tutorials and ordering supplies.

Home Depot and Lowe’s registered monster sales increases not long after the pandemic began, both on the internet and in their brick-and-mortar stores—which Home Depot lobbied local governments to label essential businesses. That’s in spite of interruptions in residential construction and professional remodeling in many areas of the country.

At Apartment Therapy, a website about home improvement and design, editor in chief Laura Schocker viewed the country’s pandemic anxieties through the prism of her readership, which is 60 percent

Read More