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☆ Lowe's average customer is a white baby boomer who spent $809 there last year
▼ + stars: | 2024-02-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

The store's typical customer is a more rural baby boomer who earns $60K a year and owns her home. But which of those millions of shoppers is the "typical" Lowe's shopper? In addition to taking on Home Depot, Lowe's is looking to win over customers from outdoor lifestyle retailer Tractor Supply Co. with a push into smaller-format rural stores. Lowe's shoppers have dialed back in recent months, but the company said a few are still splurging on its offerings of high-tech, futuristic appliances at price points of $2,500 or more. The typical customer earns between $40,000 and $80,000 a year and now makes nine trips to Lowe's, spending about $90 per trip for an annual total of $809.

Persons: Lowe's, boomer, — Organizations: Service, Tractor Supply, Home Locations: North America, Wilkesboro , North Carolina, Lowe's

☆ Why the US should be more excited about tiny homes
▼ + stars: | 2023-07-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +9 min

While there is a lot of interest in tiny homes, it's too early to measure their success. Tiny homes, generally defined as homes under 1,000 square feet — compared with the typical US home size of 2,500 square feet — are a growing market for those seeking affordability, community, and simplicity. Tiny homes — and accessory dwelling units, their slightly larger counterpart — are being eyed as a solution to the country's housing shortage. A tiny home designed and built by Colorado-based tiny home developer, Mitchcraft Tiny Homes. Tiny homes are "a spear point against the armor" to these restrictions, he added.

Persons: Katie Sandoval, Clark, Blue Wells, you've, Skylar Olsen, Zack Giffin, Giffin, Louise Beaumont, Getty, Rebecca Zisser, Muhammad Alameldin, Gavin Newsom, Joyce Higashi, Tiny, Newsom, Alameldin, It's, Barbara Clark, Sandoval Organizations: Service, Consumers, California, University of California, Housing Innovation, state's Department of Housing, Gov, Washington D.C Locations: California backyards, Wall, Silicon, Bay, Blue, South Carolina, New Hampshire, San Diego, Denver, Portland, Cities, Indianapolis, Austin, Colorado, California, ADUs, Jose, While California, —, Washington, Jersey, Sonoma .

☆ Converting gas-powered cars to EVs is a booming business
▼ + stars: | 2023-06-16 | by ( Andrew Evers | ) www.cnbc.com time to read: +1 min

In this article GMFTSLA Follow your favorite stocks CREATE FREE ACCOUNTInterest in electric vehicles is at an all-time high, with sales of new EVs up 55% in 2022 compared with the year prior. But there are still a lot of gas cars on the roads today, and it's likely there will be for a long time. A burgeoning industry is breathing new life, and power, into internal combustion vehicles by converting them to electric. Andrew Evers"This is a 1976 BMW 2002 — really fun-to-drive car but underpowered," Michael Bream, founder and CEO of EV West, told CNBC. The complexity of electric vehicles can be intimidating, but that hasn't stopped 14-year-old Frances Farnam, who is working on converting a 1976 Porsche 914.

Persons: Andrew Evers, Michael Bream, " Bream, hasn't, Frances Farnam Organizations: BMW, EV West, CNBC, Porsche, YouTube Locations: San Diego , California, DIYers

☆ Premarket stocks: Will the debt ceiling debate finish the Fed's inflation fight?
▼ + stars: | 2023-05-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that. What’s happening: There are two policy options that the Fed can use to address elevated inflation. For the first quarter, Lowe’s said overall sales fell 5.5% to $22.3 billion. Home Depot missed on first quarter sales and lowered its outlook for the year after customers slowed their spending.

Persons: shouldn’t, ”, Laurence Ball, Edward Boehne, Jerome Powell, Ben Bernanke, Powell, Ball, there’s, Austan Goolsbee, “, Julian Brigden, Bernanke, ” Bernanke, Olivier Blanchard, Bryan Mena, Blanchard, David Goldman, Parija, Lowe’s Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Johns Hopkins University, ” Former Philadelphia Fed, Fed, Valley Bank, Signature Bank, Federal Reserve Bank of Chicago, Yahoo Finance, Partners, International Monetary Fund, Brookings Institution, Target, Walmart, Home Depot Locations: New York, ”, Washington ,, America, California

☆ Furniture flipping earned me $6,000 this year. It's a great side hustle for stay-at-home moms.
▼ + stars: | 2023-05-17 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

On top of the $6,000 she's earned so far this year from flipping furniture, she makes money from brand partnerships and products she features on her social-media accounts. I got started flipping furniture eight years agoWhen my son was born, we needed a dresser for him. I find the old furniture on Facebook MarketplaceI started flipping furniture. Once I've saved up enough, I take a break from flipping furniture and do my house project. Ashley BrandfassI've made a little over $6,000 this year from flipping furniture.

☆ Lowe's wants to host your kid's next birthday party
▼ + stars: | 2023-01-20 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Lowe's announced this week it is offering birthday parties at 10 stores across the United States. The North Carolina-based home-improvement store chain announced this week it is offering to host kids birthday parties at 10 stores across the United States. Parties are available for kids ages 5 and over, and they include safety goggles, aprons, party construction hats, and a Lowe's employee supervising projects. Parents can also pay for upgrades like pizza, drinks, and desserts from Domino's, and Lowe's party favors like t-shirts, water bottles, and backpacks. Birthday party packages start around $349 per party and vary in price depending on types of projects and upgrades.

☆ I visited the two biggest home improvement chains in the US, and I saw why DIYers and professionals have different preferences
▼ + stars: | 2022-11-17 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: 1 min

Home Depot continues to have the edge with higher sales numbers, but Lowes is definitely still in the game. Mary Meisenzahl/InsiderDo you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.

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