2023-07-19 08:34:25 ET
Lowe's Companies ( NYSE: LOW ) announced on Wednesday that is expanding its same-day delivery service nationwide for orders placed on its website and the Lowe's mobile app.
In a bid to boost market share and sales, the home improvement retailer is in a partnership with omnichannel fulfillment specialist OneRail for a new delivery option expected to improve customers' omnichannel experience, with fast and convenient delivery in a matter of hours.
Lowe's ( LOW ) noted that customers can shop for tens of thousands of products that are in-stock at a nearby store, including building materials, décor, seasonal and outdoor living items, and more. Eligible orders placed by 2 p.m. local time will be delivered the same day and orders placed after 2 p.m. will be delivered the next day.
The program will see all 1,700+ Lowe's ( LOW ) stores utilized for online delivery and fulfillment is essential to becoming a true omnichannel retailer. "This same-day delivery expansion delivers on our Total Home strategy to bring more omnichannel shopping capabilities to DIYers and Pros alike," stated CEO Marvin Ellison on the program.
Lowe's ( LOW ) began piloting same-day delivery with OneRail in select markets in 2022.
Shares of Lowe's ( LOW ) traded flat in premarket action at $229.91 vs the 52-week trading range of $176.50 to $235.07. Looking ahead, Lowe's ( LOW ) is expected to report earnings during the fourth week of August. The retailer will be looking to extend on a streak of 16 straight EPS beats.
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Lowe's expands same-day delivery capabilities