Lowe’s (LOW) Acquires Washington-Based ATG Stores
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Lowe’s Companies, Inc. (NYSE: LOW) announced today the acquisition of ATG Stores, a leading online retailer of home improvement and lifestyle products based in Kirkland, Wash. The acquisition underscores Lowe’s commitment to providing an endless aisle of products.
ATG Stores will remain an independent, wholly-owned subsidiary of Lowe’s Companies, Inc. The two organizations will maintain separate branding and independent assortment planning and merchandising. All ATG jobs will remain in Kirkland, and no jobs will be lost as a result of the acquisition. By combining the expertise and capabilities of Lowe's and ATG Stores, each organization will experience growth through expanded assortments and broader customer insights which ultimately lead to better customer experiences.
Financial terms were not disclosed.
ATG Stores will remain an independent, wholly-owned subsidiary of Lowe’s Companies, Inc. The two organizations will maintain separate branding and independent assortment planning and merchandising. All ATG jobs will remain in Kirkland, and no jobs will be lost as a result of the acquisition. By combining the expertise and capabilities of Lowe's and ATG Stores, each organization will experience growth through expanded assortments and broader customer insights which ultimately lead to better customer experiences.
Financial terms were not disclosed.
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