Lowe's Marketing Chief Leaves Company: CNBC

  • Lowe's Companies Inc LOW Chief Marketing Officer Marisa Thalberg has left the company as part of the reorganization process, CNBC reported.
  • The move follows the recent trend of leadership changes in the retail industry.
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  • Retail companies are facing the heat as stimulus check-fueled spending has started to wither, leading to an inflation-driven pullback in consumer spending pattern.
  • Lowe's has seen its same-store sales decline for two consecutive quarters.
  • The company moved its marketing team under its executive vice president of merchandising, Bill Boltz.
  • Price Action: LOW shares are trading lower by 0.50% at $191.99 in premarket on the last check Wednesday.
  • Photo Via Wikimedia Commons
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