Lowe's Is (Finally) Penetrating This $900 Billion Market, at Home Depot's Expense
On the surface it looks like little more than a courtesy notification meant to be read and forgotten ... a throwaway announcement made on a slow news day.
The fact is, however, the press release that home improvement retailer Lowe's (NYSE: LOW) posted last week about its new in-store offerings for professional contractors is kind of a big deal. It's the next chapter in an evolution that could grow the company's annual revenue by nearly a third of its current figure, and chip away at rival Home Depot's (NYSE: HD) revenue as a result.
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Source Fool.com
