North Carolina-Based Lowe’s Home Improvement Helping Employees With Inflation
The home improvement chain Lowe’s is doing what it can to help many of their employees with rising costs due to inflation. According to CBS News, the Mooresville, North Carolina-based company just announced they will be handing out $55 million in bonuses to their hourly retail workers.
“In recognition of some of the cost pressures they are facing due to high inflation, we are providing an incremental $55 million in bonuses to our hourly frontline associates this quarter,” Lowe’s CEO Martin R. Ellison announced. “These associates have the most important job in our company and we deeply appreciate everything they do to serve our customers to deliver a best-in-class experience.”
It appears that Lowe’s is currently in a good position to do something like this. Thanks to increased sales, the retailer recently reported second-quarter earnings that surpassed analysts’ expectations.
Lowe’s has about 300,000 employees, and the company didn’t specify how much each person will get, or when they’ll get it. Not only is this a nice thing to do for their workers, it may also go a long way to retaining them as employees at a time when that has been a challenge for many businesses.
North Carolina City One Of The Best To Purchase A Fixer-Upper
1. Milwaukee, WI
Fixer Upper Listing Pric3: $79,900
Fixer Upper Discount: -59.0%
Fixer Upper Share of Home Stock: 12%
2. Philadelphia, PA
Fixer Upper Listing Price: $145,000
Fixer Upper Discount: -51.7%
Fixer Upper Share of Home Stock: 26%
3. Detroit
Fixer Upper Listing Price: $59,900
Fixer Upper Discount: -47.95%
Fixer Upper Share of Home Stock: 22%
4. Memphis
Fixer Upper Listing Price: $109,900
Fixer Upper Discount: -44.5%
Fixer Upper Share of Home Stock: 18%
5. Baltimore
Fixer Upper Listing Price: $107,500
Fixer Upper Discount: -48.8%
Fixer Upper Share of Home Stock: 25%
6. Jacksonville, FL
Fixer Upper Listing Price: $199,900
Fixer Upper Discount: -43.8%
Fixer Upper Share of Home Stock: 10%
7. Dallas, TX
Fixer Upper Listing Price: $325,000
Fixer Upper Discount: -44.4%
Fixer Upper Share of Home Stock: 9%
8. Louisville, KY
Fixer Upper Listing Price: $170,000
Fixer Upper Discount: -47.7%
Fixer Upper Share of Home Stock: 7%
9. Miami
Fixer Upper Listing Price: $450,000
Fixer Upper Discount: -38.8%
Fixer Upper Share of Home Stock: 9%
10. Fresno, CA
Fixer Upper Listing Price: $289,839
Fixer Upper Discount: -34.9%
Fixer Upper Share of Home Stock: 5%
11. Raleigh, NC
Fixer Upper Listing Price: $350,000
Fixer Upper Discount: -28.1%
Fixer Upper Share of Home Stock: 4%
12. Oakland, CA
Fixer Upper Listing Price: $564,499
Fixer Upper Discount: -37.2%
Fixer Upper Share of Home Stock: 5%
13. Kansas City, MO
Fixer Upper Listing Price: $155,000
Fixer Upper Discount: -60.2%
Fixer Upper Share of Home Stock: 7%
14. Atlanta, GA
Fixer Upper Listing Price: $249,450
Fixer Upper Discount: -54.6%
Fixer Upper Share of Home Stock: 8%
15. Indianapolis, IN
Fixer Upper Listing Price: $190,000
Fixer Upper Discount: -29.6%
Fixer Upper Share of Home Stock: 7%
