FILE PHOTO: A Lowe's retail store is shown in Carlsbad, California, U.S., May 24, 2017. REUTERS/Mike Blake
Shares of the Mooresville, North Carolina-based company rose nearly 6% to $120.10 in premarket trading. Lowe’s said it will close 34 underperforming stores and reorganize its corporate structure in Canada as part of Chief Executive Officer Marvin Ellison’s plan to improve profitability.
Source: News Formal (newsformal.com)
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