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Lowe’s introduces app for Android

BY Staff Writer

Mooresville, N.C. — Lowe’s Home Improvement said Tuesday that its home improvement app is now available for Android devices.

The app can be downloaded at Google Play, Google’s new online store for digital media. Customers now may shop directly from the free app; access their MyLowe’s account; locate stores and view how-to videos, inspirational galleries and product ratings.

According to the retailer, the Android app includes the same functionality Lowe’s offers to iOS users. Both the iOS app and Android app incorporate Lowe’s integrated online tool, MyLowe’s.

“Expanding our app availability to Android users and integrating MyLowe’s is part of empowering consumers with the ability to access information wherever and whenever they choose,” said Gihad Jawhar, VP Lowes.com. “The walls of our stores have expanded as our customers turn to technology at every stage of their home improvement projects.”

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FINANCE

Vitamin Shoppe profit surges in Q1, to open 52 stores this year

BY Katherine Boccaccio

North Bergen, N.J. — Vitamin Shoppe reported Tuesday that net income for the quarter ended March 31 rose to $18.3 million, from $11.6 million in the same period last year.

Sales surged 14.4% to $248.1 million, boosted by a strong 9.6% rise in same-store sales. E-commerce sales rose 15.5% in the quarter.

The vitamin retailer said it plans to open 52 new stores in fiscal 2012.

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OfficeMax Q1 profit plummets, to close 35 stores

BY Katherine Boccaccio

Naperville, Ill. — OfficeMax Inc. reported Tuesday that net income for the quarter ended March 31 slid to $4.9 million, compared with $11.4 million in the year-ago period. Results were hampered by charges related to U.S. store closures.

Total sales edged up 0.5% to $1.9 billion. In the retail segment, sales dipped 2.7% to $912.3 million; same-stores sales fell 2.1%.

The office supply retailer said it plans to close as many as 35 stores in the United States this year, with one or two openings on tap. In Mexico, OfficeMax will open eight to 10 stores and close one to two.

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