Lowe’s Companies on Wednesday reported strong earnings growth, but its sales missed estimates as a delayed spring weighed on demand for outdoor products. Many other retailers, including Target, have cited un-spring-like weather as impacting their results as well.
The departure of Marvin Ellison from JCP could not have come at a worse time for the beleaguered department store chain -- which is one of the few US retailers to have struggled over the first quarter.
Lowe's Companies got a boost from hurricane-related spending as the retailer topped Street estimates and delivered a strong performance in its third quarter.
DLC has sold the Town Centre in Murfreesboro, Tenn. to St. Louis-based Integris Ventures, according to JLL, which brokered the deal on behalf of the seller.