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Lowe’s says same-store sales rose 5% in 4Q 2021, in part because the housing stock is aging and more frustrated buyers are opting for 30-plus year-old homes. NEW YORK – The home improvement boom shows few signs of slowing down. Lowe’s told shareholders Wednesday its same-store sales were up 5% in the fourth quarter. The…
The home improvement boom shows few signs of slowing down. Lowe’s told shareholders Wednesday its same-store sales were up 5% in the fourth quarter. The company also raised its sales forecast for the year to $99 billion. That was after Home Depot reported an 8% increase in same-store sales the day before. One big reason…
