Lowe's President Sees Sentiment Up After Election

Mooresville, NC, Nov. 3, 2008--Consumer sentiment should improve once the election is over, no matter what the outcome.

That's what Lowe's President Larry Stone told the Wall Street Journal in a recent interview.

"Our replacement business has been good," Stone told the paper. "Our appliance business is not totally robust, but it's been good."

Market-tracking firm Traqline's third-quarter numbers for Lowe's on appliances were good, and the industry level of discounting and promotions has been "status quo" from previous quarters, Stone told the paper.