LOWE'S ACCELERATES ITS ONLINE MARKETPLACE, ANNOUNCES PARTNERSHIP WITH MIRAKL

Core Insights - Lowe's is enhancing its online marketplace through a partnership with Mirakl, aiming to provide more options and convenience for DIY and professional customers [1][3] - The marketplace features a wide range of products from value to premium, allowing Lowe's to expand into new product categories [2][4] - The collaboration with Mirakl is expected to accelerate Lowe's e-commerce growth and improve the management of third-party seller catalogs [3][5] Company Overview - Lowe's operates over 1,700 home improvement stores and serves approximately 16 million customer transactions weekly in the U.S. [8] - The company reported total fiscal year 2024 sales exceeding $83 billion [8] - Lowe's employs around 300,000 associates and is committed to community support through various programs [8] Marketplace Features - Lowe's Marketplace offers products from verified sellers, including small businesses and nationally recognized brands, ensuring quality and alignment with Lowe's standards [6] - Members of the MyLowe's Rewards loyalty program can earn points on marketplace purchases, enhancing customer engagement [5] - All marketplace products are available for home delivery and can be returned to any of Lowe's stores, providing added convenience [5]