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Monday
Feb272012

Lowe's Net up 13%

DateMonday, February 27, 2012 at 8:03AM

Lowe's reported a 13% increase in earnings for the fiscal fourth quarter and same store sales were up 3.4%.  The second largest home improvement retailer has been closing stores and reshaping its operations in an effort to increase profits and compete with rival Home Depot.   For 2012, Lowe's forecasts a total sales increase of 1% to 2% with same store sales increasing 1% to 3%.  

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