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Article Excerpt
-- Company Increases Dividend by 50 Percent -- Outlines Core Strategies for Continuous Business Improvement -- Shareholders Elect Board Members
CHARLOTTE, N.C., May 27 /PRNewswire-FirstCall/ -- At its annual meeting of shareholders today, Lowe's Companies, Inc. outlined key initiatives that are driving continuous improvement in the company's business.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031205/LOWLOGO )
"With record sales, industry-leading comps, and 160,000 employees focused on delivering superior customer service, Lowe's delivered an outstanding year in 2004," said Lowe's Chairman, President and CEO Robert A. Niblock.
Niblock outlined three strategies upon which the company is concentrating to deliver strong performance in 2005 and beyond:
-- Better leveraging of Lowe's operating platform through its Rapid Response Replenishment (R3) initiative designed to move more product more quickly to more customers, while lowering inventory investment, as well...
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