Day: May 22, 2020

Coronavirus causes Lowe’s sales of unexpected items to spike

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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.”

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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