Retail

Lowe’s CEO Marvin Ellison says sales have been up during coronavirus pandemic

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Americans who are stuck in their homes during the coronavirus pandemic aren’t just video-conferencing and binge-watching TV. Lowe’s CEO Marvin Ellison said they’re also replacing appliances and doing DIY projects.

In an interview with CNBC on Wednesday, Ellison said the home improvement retailer has seen an increase across nearly every store category as customers not only stock up on cleaning supplies, but fix up and maintain their homes.

“As customers are sheltering in place, they’re looking at that deferred list of home projects,” he said. “As they spend time around the home, they now have more time on their hands to tackle some of those things.”

Ellison commended employees who are…

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Source cnbc.com

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