Content about Robert Niblock

February 26, 2014

Mooresville, N.C.-based Lowe’s reported fourth quarter sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.

The company posted fourth-quarter net earnings of $306 million, up 6.3%.

November 21, 2013

Lowe’s CEO Robert Niblock said the Mooresville, N.C.-based retail giant saw strength in all parts of the country in the third quarter. 

As the company reported 6.2% comparable store sales gains, it also saw comps grow in 11 of 12 product categories. 

The only category to slip was outdoor power equipment. Niblock explained the catgory “was achieving solid positive comps into the last week of the quarter when faced with a substantial headwind from the sales of generators, the result of Superstorm Sandy.”

August 22, 2013

Mooresville, N.C.-based Lowe's CEO Robert Niblock added some color to the company's plans to acquire 72 Orchard Supply Hardware stores. 

Earlier this week, the federal antitrust review and bankruptcy court approved Lowe's $205 million bid. In comments to investors Wednesday, Niblock said he expected the deal to close at the end of August.

August 21, 2013

Mooresville, N.C.-based Lowe's Cos. reported second-quarter sales of $15.7 billion, up 10.3% from $14.2 billion in the same quarter last year.

Comp-store sales for the world's second-largest home improvement retailer were up 9.6%, as net earnings jumped 16.2% to $1.48 billion.

April 19, 2013

The retailer’s Corporate Social Responsibility Report Card covers education, environment and more.

March 14, 2013

One of the ways Lowe’s says its competing in the price wars -- especially with Internet retailers -- is a merchant mind-set of “dead net pricing.”

December 17, 2012

Since Lowe’s announced a leadership realignment in May, a major position remains unfilled: chief merchant. 

Back in May, the retailer’s leadership realignment created two groups -- a Customer Experience organization led by Gregory Bridgeford, and the Operations organization, led by Rick Damron. One position still missing is a chief merchant.

October 22, 2012

An Oct.

September 14, 2012

In the aftermath of Hurricane Isaac, Lowe’s stores are offering free recovery advice at three stores in Mississippi.

The U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) said Mississippi residents who suffered damage from wind and flooding caused by Hurricane Isaac can get free advice on rebuilding stronger, more disaster-resistant structures from FEMA specialists at the three stores.

August 29, 2012

Of all the Home Depot metrics that were reported in its second quarter — including double-digit earnings gains — the comparable-store sales metric of positive 2.1% doesn’t jump off the page.

August 22, 2012

The independent merchants that operate 164 RONA stores across Canada have added their voice to the opposition of a Lowe’s takeover.

The dealers have written a letter to Lowe’s CEO Robert Niblock, which was made public Wednesday. In it the dealers write:

August 20, 2012

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.”

June 27, 2012

Lowe’s has hired Kevin Summers as its new chief information officer, effective July 9. He will replace Michael Brown, who announced last April that he had accepted the company’s Voluntary Separation Program and decided to retire after almost 28 years with Lowe’s.

June 4, 2012

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. 

February 27, 2012

Lowe’s reported net earnings of $322 million for the quarter ended Feb. 3, a 13.0% increase over the same period a year ago. 

Sales for the fourth quarter increased 11.0% to $11.6 billion, up from $10.5 billion in the same period a year ago. 

January 6, 2012

Describing 2011 as a pivotal year for the nation’s No. 2 home center chain, Lowe’s executives continued to hammer on their theme transformation from retailer to a “home improvement company” during its annual conference last month.

What exactly is a home improvement company? CEO Robert Niblock explained.

January 6, 2012

Lowe’s and “All-American Muslim” Many readers responded to our coverage of Lowe’s decision to pull advertising from a TLC reality show. 

“Good for Lowe’s. [The company] has the right to put its sponsorship money any place it believes will get it the most exposure.” — Don Dye Mary’s River Lumber Co. Corvallis, Ore.

November 16, 2011

Lowe's has big plans. That's another way of saying it has a lot on its plate. 

During a third-quarter earnings call in which Lowe's CEO Robert Niblock described the company's performance as below its expectations, he was asked about distractions and changes and their impact on results. 

The CEO went on to explain that it's better to consolidate changes and get through them quickly than to wait for things to get better. 

October 17, 2011

Mooresville, N.C.-based Lowe's said today it is closing 20 underperforming stores in 15 states and slowing down its rate of new-store development. Ten locations have already shuttered, while the remaining 10 will be closed in about a month, after closing sales.

August 31, 2011

On the eve of the company’s second-quarter earnings announcement, Lowe’s closed seven underperforming stores. 


Shuttered are locations in Meriden, Conn.; Riverdale, Ga.; Elgin and Schaumburg, Ill.; Kenai, Alaska.; Cambridge, Minn.; and Ticonderoga N.Y.


Obviously, the move upset the affected communities. For instance, Alaska Senator Lisa Murkowski complained of the lack of notice. But CEO Robert Niblock is paid to make tough decisions, which is how he described the seven closings.


August 31, 2011

Lowe’s second-quarter financial report was a disappointment to the company’s executives, who made no excuses for the retailer’s poor showing. Earnings were down slightly, revenues grew by only 1.3%, and comp-store sales were essentially flat. “Even after taking into account the challenges of the macro environment, we are still not pleased with our performance this year,” said chairman and CEO Robert Niblock, speaking at an analysts’ conference call on Aug. 15. 


August 29, 2011

Lowe’s second-quarter financial report was a disappointment to the company’s executives, who made no excuses for the retailer’s poor showing. Earnings were down slightly, revenues grew by only 1.3%, and comp-store sales were essentially flat. “Even after taking into account the challenges of the macro-environment, we are still not pleased with our performance this year,” said chairman and CEO Robert Niblock, speaking at an analysts’ conference call on Aug. 15.

August 15, 2011

Mooresville, N.C.-based Lowe’s reported sales of $14.5 billion in the second quarter ended July 29, up 1.3% from the same period a year ago.

Comparable-store sales increased 0.3% in the second quarter. The company posted earnings for the quarter of $830 million, down just slightly from $832 million in the same quarter last year.

April 11, 2011

According to an Associated Press report, Lowes' CEO Robert Niblock's pay package rose to about $12 million in 2010, up 3% from the previous year.

Niblock received a base salary of $1.1 million, but the bulk of his pay came in the form of stock and option grants, according to the article.

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