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November 21, 2018

Lowe's will exit Mexico, and home rehab business

By ANNE D'INNOCENZIO
AP Retail Writer

NEW YORK — Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot.

The home improvement chain said Tuesday it would also exit its contracting service, Alacrity Renovation Services, and its Iris Smart Home businesses in the U.S.


 
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