Lowe's sees election wrap-up helping sentiment: report

NBC News Clone summarizes the latest on: Wbna27511682 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

(Reuters) - Wrapping up Tuesday's U.S. presidential elections, regardless of the outcome, will by itself help consumer sentiment, retailer Lowe's Cos <LOW.N> President Larry Stone told the Wall Street Journal in an interview.

(Reuters) - Wrapping up Tuesday's U.S. presidential elections, regardless of the outcome, will by itself help consumer sentiment, retailer Lowe's Cos President Larry Stone told the Wall Street Journal in an interview.

Stone sounded concerned with negative presidential campaign ads, the paper said.

Stone declined to comment on recent business trends or Wall Street's expectations for coming periods but indicated that certain products continued to sell decently, according to the paper.

"Our replacement business has been good," Stone told the paper. "Our appliance business is not totally robust, but it's been good."

Market-tracking firm Traqline's third-quarter numbers for Lowe's on appliances were good, and the industry level of discounting and promotions has been "status quo" from previous quarters, Stone told the paper.

(Reporting by Ajay Kamalakaran in Bangalore)

×
AdBlock Detected!
Please disable it to support our content.

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone