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“Bird seed is on sale right now, and you still get your discount,” veteran Sam Newman said about the Lowe’s policy update.
The Mooresville-based retailer is giving $100 million in discretionary and profit-sharing bonuses to employees despite net earnings decline in 2Q.
Home improvement company Lowe's will provide $55 million in bonuses to its hourly frontline workers to help with the burden of high inflation, the retailer said in an earnings call Wednesday.
Lowe's Companies, Inc. ( ⫽ loʊz ⫽ LOHZ) is an American retail company specializing in home improvement. [4] Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America. [5]
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The Mooresville-based retailer is giving $140 million in discretionary bonuses despite earnings decline in fourth quarter and annual sales.
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