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Lowe’s partners with San Francisco start-up to sell tech devices
Lowe’s Companies is partnering with an unusual and very tech-savvy retailer to sell “smart” home devices. The home improvement retailer has teamed up with San-Francisco-based b8ta to launch an in-store shop concept dedicated to demystifying and simplifying the purchase of smart home devices Called “SmartSpot powered by b8ta,” the new concept is currently in place in three Lowe’s stores in California (Livermore, Burbank and Aliso Viejo). -
Lowe’s disappoints in Q3
Sales were up in the third quarter, but Lowe’s Companies’ financial performance impressed neither its investors nor its CEO. The home improvement retailer’s net income dropped dramatically, owing to $462 million non-cash pre-tax charges. Net income declined to $379 million, compared to $736 million in the same quarter last year.

