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-0.000878464444151698 -0.000417270610972016 -0.00211138929151848 0 0.00101023411077432 0.00017569288883029 -0.00404093644309754 -0.00581982694250458
Stock impact report

Lowe’s Scales And Optimizes Its Online Marketplace For Vendors And Customers [Forbes]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Forbes
This will allow Lowe's to greatly expand and optimize its assortment and bring on new vendors. Michael McClusky, Lowe's vice president of Marketplace, said the company chose Mirakl because it has the proper tooling to onboard a large number of sellers in a frictionless way and because it has the suite of services to manage Lowe's business on a day to day basis. He declined to say exactly how many vendors will be onboarded. “We're still in the low hundreds but we'll be in the high hundreds very quickly,” he said. “We've been able to add thousands of new items to our assortment and platform and we have a robust pipeline of sellers on the platform. [The partnership] is quickly going to allow us to scale out and meet the goals we set.” Another reason Lowe's chose Mirakl is because it's the biggest in the business with 450 customers worldwide that have online marketplaces running on Mirakl technology, retailers such as Macy's, Saks and Bloomingdale's. “Retailers are looking for the a Show less Read more
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