Lowe’s is competing in the price wars -- especially with Internet retailers -- by using the merchant mind-set of “dead net pricing.” Speaking at the UBS Global Consumer Conference Wednesday, Lowe’s CEO Robert Niblock described his company’s improvements...
MOORESVILLE, N.C — Former Whirlpool executive, Kevin Summers, has been appointed chief information officer of Lowe's, effective July 9. Summers will report to chairman, president and CEO Robert Niblock. He replaces Michael Brown, who retired earlier this month. Summers brings to Lowe’s more than 20 years of experience in technology-related fields, having served most recently as SVP and global chief information officer for Whirlpool. During his career, Summers has worked with some of the country’s leading brands, including The Coca Cola Company, Bell South Technology Services and General Electric. “Lowe’s has made significant investments in technology to provide employees
The Retail Industry Leaders Association (RILA) announced that Gregg Steinhafel, chairman, president and CEO of Target Corp., has been elected to chairman of its board of directors. Steinhafel, who previously served as the board’s vice chairman, succeeds Bill Rhodes, chairman, president and CEO of AutoZone Inc., who had served as chairman since 2010. RILA’s newly elected officers to its board of directors include: Gregg Steinhafel, chairman, president and CEO of Target Corp. (Chairman) Richard Dreiling, chairman and CEO of Dollar General Corp. (Vice Chairman) Gregory Wasson, president and CEO of Walgreen Co. (Second Vice Chairman) Eric Wiseman, chairman, president