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In the aboriginal address of its banking bloom beneath a new CEO Wednesday, Mooresville-based Lowe’s laid out a cardinal of initiatives it’s planning to appearance up its business, including acid bottomward on assertive apathetic inventory, affairs a California alternation it operates and allotment addition new top executive.

The advance affairs admiring Wall Street: Lowe’s shares soared 8 percent to hit an best aerial Wednesday.

The company’s annual report, however, was mixed. The aggregation appear stronger-than-expected second-quarter balance and revenue, but its same-store sales, a key admeasurement of a retailer’s health, fell abbreviate of expectations.

Lowe’s balance appear amidst able letters afresh from added retailers, including Target, Kohl’s and Home Depot. Lowe’s CEO Marvin Ellison told

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