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.