Lowe’s Companies, Inc. is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration. Lowe’s Canadian arm is based in Boucherville, Quebec, and operates or services around 450 corporate and independent affiliate dealer stores under a number of banners, including Lowe’s, RONA, Réno-Dépôt and…
Lowe’s to Give $55 Million in Bonuses for Hourly Workers to Fight Inflation
American retail company Lowe’s is handing out $55 million in bonuses to its front-line hourly employees in an effort to help combat the increasing cost of living. Lowe’s Chief Executive Marvin R. Ellison announced the bonus scheme during the company’s second-quarter earnings call on Wednesday. “I would like to personally thank our associates for their hard work and…
Lowe’s Is Giving $55 Million in Bonuses to Hourly Workers Because of High Inflation
By Catherine Muccigrosso From The Charlotte Observer Lowe’s store employees will soon see bonuses in their paychecks. The home improvement retailer is giving $55 million in bonuses to its hourly workers in stores during this time of high inflation, Lowe’s CEO Marvin Ellison said Wednesday during the second quarter earnings report. “These associates have the…
Lowe’s Hiring More Than 50,000 Workers This Spring
The home improvement retailer Lowe’s is planning to hire more than 50,000 workers this spring to fill seasonal, part-time, and full-time roles at its stores across the country. Lowe’s is also going to issue some $80 million in discretionary bonuses to its current employees, making it the seventh bonus the retailer has provided employees since…
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