Lowe’s to Fund Expansion
Mooresville, N.C., Home improvement retailer Lowe’s has announced that it will invest about $150 million to expand its distribution network and improve its ability to supply stores.
. A new regional distribution center in Lebanon, Ore., will be built, and the company has announced plans to expand three existing centers in Valdosta, Ga., Statesville, N.C., and North Vernon, Ind.
The retailer’s expansion also includes opening 150 new stores in fiscal 2005 and up to 160 stores in fiscal 2006. Lowe’s distribution network currently includes 11 regional distribution centers nationwide.
Dick’s Connects With AT&T
Pittsburgh, Dick’s Sporting Goods will install an Internet Protocol Virtual Private Network (IP VIN) designed to integrate all retail stores, corporate offices and distribution centers. The system will be provided by AT&T. “Knowing that our data is secure enables us to focus on our core mission,” said Linda Walker, VP of infrastructure and security for Dick’s. Dick’s has 239 locations and had sales of $2.1 billion in 2004.