Lowe’s is focused on maintaining competitive pricing in the home improvement sector, as CEO Marvin Ellison highlighted during a recent earnings call. The company has developed price management tools and strengthened supplier relationships over the past six years, which are now proving beneficial. With about 60% of purchases coming from the U.S. and only 20% from China, Lowe’s is actively working on diversifying its supply chain to mitigate the effects of tariffs. The retailer is also analyzing its inventory and product offerings to optimize its sourcing strategy amid ongoing trade tensions.

Source: https://www.supplychaindive.com/news/lowes-competitive-pricing-structure-tariffs/749195/