Mooresville, NC — Lowe’s Companies, Inc. plans to restructure its store operations and merchandising organizations to improve efficiencies and enhance the shopping experience.
Mooresville, NC — Lowe’s Companies, Inc. plans to restructure its store operations and merchandising organizations. The consolidation is designed to improve efficiencies, increase speed to market for new products and services, and enhance the shopping experience for customers.
The company’s U.S. store operations organization will now operate under three divisions: North, South and West. In addition, the divisional structure will be streamlined to 14 regions nationally, from 21, to ensure greater consistency and efficiency. Details regarding the new regional structure will be finalized at a later time. Each division will be led by a senior vice president (SVP) of operations, reporting to Rick D. Damron, executive vice president of store operations.
Lowe’s merchandising organization has been reorganized into two product divisions. Each division will be led by an SVP/general merchandising manager (GMM), reporting to Robert J. Gfeller Jr., executive vice president of merchandising.
Lowe’s Companies, Inc. is a FORTUNE® 50 company has more than 1,750 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.