With the Grain

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Wednesday, May 21, 2008

Rough Time at the Big Store

Business Week is reporting that Lowes is getting hit hard with poor sales. Earnings are down 19% with same store sales dropping 8%. Even worse, the home improvement chain is off 30% from last year's peak. Numbers like these have led to a 2% drop in stock value.

Lowes is blaming the housing crisis but then aren't we all...for everything.

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11:53 AM

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