Mooresville, N.C.-based Lowe’s reported net earnings of $540 million for the quarter ended May 3, 2013, a 2.5% increase over the same period a year ago. 

Sales for the quarter decreased 0.5% to $13.1 billion from $13.2 billion in the year-ago quarter. Comparable-store sales for the quarter decreased 0.7%. 

According to a report in the Washington Business Journal, Lowe’s plans to open in the Washington, D.C., area. 

The journal reported that the Mooresville, N.C.-based retailer will open a 130,000-sq.-ft. store in a retail development anchored by Costco Wholesale Corp. The project is reportedly being developed by Fort Lincoln New Town Corp.

Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

Mooresville, N.C.-based Lowe’s posted declines in net sales, comp-store sales and earnings in the second quarter ended Aug. 3.

“Our results fell short of our overall expectations,” said Robert Niblock, Lowe’s chairman, president and CEO. “However, I have confidence in our strategy and in our employees, and while we recognize the significant magnitude of change that we’ve asked the organization to absorb as we transform our business, we fully understand that we must improve our level of execution.”

At its annual meeting Friday, Lowe’s CEO Robert Niblock said that uncertainty remains in the marketplace, but the Mooresville, N.C.-based company is increasingly leveraging technology to build stronger relationships with customers. 

Mooresville, N.C.-based announced today that Michael K. Brown, executive VP and chief information officer, has announced plans to accept the company's Voluntary Separation Program and retire after almost 28 years with the company.

The company has already begun a search for a chief information officer. Brown will continue to serve in his present role for a period of time to assist with the transition.

Lowe's is notifying approximately 5,200 western North Carolina customer-service employees that they could be eligible for a buyout as part of a staff reduction initiative, according to an article in the Triangle Business Journal. 

Mooresville, N.C.-based Lowe’s has appointed Dollar General CEO Richard Dreiling, 58, to the home improvement giant's board of directors.

Dreiling will serve on the board’s audit and governance committees. The addition brings Lowe’s board of directors to 12 members, 11 of who are independent. 

The Mooresville, N.C.-based home improvement retailer's MyLowe's online product will be on display at the 2012 International CES show in Las Vegas.

The tech features of MyLowe's include a card or key fob to track in-store purchases online; a digital home profile to create rooms and store floor dimensions, product details and notes for the home; and folders to organize projects and ideas.

The Jan. 10-12 consumer electronics show is one of the biggest trade fair's in the country. 

Mooresville, N.C.-based Lowe’s announced plans for a new Customer Support Center in Albuquerque, N.M. 

The center is expected to be operational during the first quarter of 2012, complementing the company's existing center located in Wilkesboro, N.C.

At its annual conference in Mooresville, N.C., held Tuesday, Lowe's executives are prepared to talk growth and the transformation from retailer to a "home improvement company."