Robert A. Niblock Archives

May 25, 2017Total Retail's Top 100 Fastest-Growing Retailers: Lowe's Grows Net Sales 10% With Acquisition, Tech Investments

April 12, 2012Lowe’s CIO to retire

Mooresville, N.C. -- Lowe's Cos. announced that Michael K. Brown, executive VP and CIO, will retire after almost 28 years with the company. The company has begun a search for a replacement. Brown will continue to serve in his present role for a period of time to assist with the transition. Brown was named CIO in 2011 after a 26-year career in store operations and merchandising. He joined the company in 1984. “After a successful career in store operations and merchandising, Mike took on responsibility for the company’s IT function, upgrading technology and store infrastructure, positively impacting employees' ability

February 28, 2012Focus on the customer pays off for Lowe's in Q4

MOORESVILLE, N.C. — Lowe's rebranding efforts and focus on delivering a better customer experience seem to be paying off as the company ended the year with strong fourth-quarter sales and earnings. The company reported net earnings of $322 million for the fourth quarter, a 13% increase over the same period a year ago. Diluted earnings per share increased 23.8% to 26 cents from 21 cents in the fourth quarter of 2010. Lowe's reported sales for the quarter increased 11% to $11.6 billion, up from $10.5 billion in the same period a year ago. Comparable-store sales for the fourth quarter

November 16, 2011Lowe's Q3 Profit Plummets on Store Closing Charges

Lowe's reported that net income for the quarter ended Oct. 28 dropped 44 percent as store-closing charges undercut a slight uptick in quarterly sales. The retailer reported net earnings of $225 million, compared with $404 million in the year-ago period.

August 19, 2011Lowe's Profit Dips, Closes 7 Stores

Lowe’s reported that profit for the quarter ended July 29 was $830 million, down from $832 million in the year-ago period. The home improvement retailer closed seven underperforming stores on Aug. 17 and trimmed its earnings forecast for the year.

August 18, 2011Lowe's profit dips in Q2, closed seven stores on Sunday

Mooresville, N.C. -- Lowe’s Cos. reported Monday that profit for the quarter ended July 29 was $830 million, down from $832 million in the year-ago period. The home improvement retailer closed seven underperforming stores on Sunday and trimmed its earnings forecast for the year. “Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations," said Robert A. Niblock, CEO. Net sales edged up 1.3% to $14.5 billion; same-store sales dipped 0.3%. During the quarter, Lowe’s opened two stores, and said it expects to open about 25 stores in 2011, representing average sq.