Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.
Shares of the Mooresville, North Carolina-based company fell nearly 3.6 percent in morning trading after Lowe’s blamed inventory missteps for a smaller-than-expected rise in comparable store sales. Larger rival Home Depot Inc shares were also down nearly 2 percent.
Under Marvin Ellison, Lowe’s newly-appointed chief executive officer, the company has been . . .
