Industry News

Lowe’s Companies, Inc. (NYSE:LOW) has reported a dip in first-quarter sales and has cut its full-year forecast due to the impact of record lumber deflation, bad weather and softer-than-expected consumer demand. The home improvement retailer reported total sales of $22.3 billion for the quarter to May 5, 2023, with comparable sales falling by 4.3%. It also
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Sherwood Lumber, a leading distributor of lumber and building materials, has announced its acquisition of Middle Atlantic Wholesale Lumber (MAWL), a key regional supplier of lumber products. This exciting partnership will provide Sherwood Lumber with an expanded geographic footprint and enhanced service capabilities, enabling the company to better serve its customers. By combining the strengths
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