Such statements involve risks and uncertainties and we can give no assurance that they will prove to be correct. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services, share repurchases, Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "guidance", and similar expressions are forward-looking statements. This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company and its third-party partners will create nearly 5,000 jobs to support this initial expansion.ĭISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS In 2018, the company announced a $1.7 billion investment to expand its distribution network through 2023. "Opening these new facilities will allow our stores to operate more efficiently through improved flow management and inventory visibility and improve the customer experience with more predictable deliveries, better in-stock rates and faster fulfillment options." "Providing customers more ways to shop has never been more important, and today's update on the progress made in our supply chain transformation highlights our ongoing and unyielding commitment to enhancing the customer experience in this new era," said Don Frieson, Lowe's executive vice president of supply chain. These facilities of varying sizes allow the supply chain to nimbly respond to meet the various needs of customers from small parcel packages to larger items, like appliances, grills and outdoor power equipment where Lowe's is the market leader.
in markets such as Chicago, Orlando, Riverside, California, and Columbus, Ohio. These efforts build on the steps taken over the past 18 months to expand the company's supply chain capacity, including the opening of more than 13 different facilities across the U.S. This is the company's second direct fulfillment center – its first was opened in 2018 in Nashville, Tennessee. This direct fulfillment center will improve two-day delivery options to reach nearly 100 percent of customers nationwide. The company will open the West Coast e-commerce fulfillment center in Mira Loma, California in October 2020, which will offer faster shipping options direct to consumer.
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