Home » Lifestyle » Coronavirus causes Lowe's sales of unexpected items to spike
Coronavirus causes Lowe's sales of unexpected items to spike
Lowe’s giving bonuses to full-time, part-time, seasonal workers
Lowe’s CEO and President Marvin Ellison explains why his company decided to extend bonuses to all employees and how it’s looking to hire 30,000 more employees to help amid the coronavirus pandemic.
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While the coronavirus pandemic has millions of Americans confined to their homes, home improvement company Lowe's is seeing a sales boom.
"Now that people are spending more time at home, things are becoming more evident that they need to replace, fix and repair," Lowe's CEO and president Marvin Ellison told FOX Business' Liz Claman on Tuesday. "And we just want to be here for the consumer right now."
LOWE’S COMPANIES INC.
During the exclusive interview on "The Claman Countdown," Ellison listed a few home-improvement projects people seem to be taking on during their lockdowns.
"[People are] replacing refrigerators that break because people are desperately trying to keep food and medicines from spoiling," Ellison noted. "We're selling freezers for people who are buying big food items in bulk that they've never done before."
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Ellison said some house appliances and infrastructure are breaking down due to the additional stress being put on them.