NEW YORK | Lowe’s reports disappointing sales; to exit Mexico

STL.News



NEW YORK — Lowe’s Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot.

The home improvement chain said Tuesday it would also exit its contracting service, Alacrity Renovation Services, and its Iris Smart Home businesses in the U.S.

The moves come as Lowe’s is trying to focus on running a basic home improvement chain under CEO Marvin Ellison, who took the reins this past summer.

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