Lowe’s said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses. This, as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot. Lowe’s also reported a smaller-than-expected rise in same-store sales.
The company has perennially lagged Home Depot in same-store sales, despite having roughly the same number of stores.
Lowe’s said it was looking at all options for its chain of 13 stores in Mexico.
