Lowe's buys well-known brand in a competitive bid to bolster profitability

Lowe's has purchased a popular carpet and flooring brand called Stainmaster as a way to give itself a competitive edge. Lowe's, based in Mooresville, has carried Stainmaster products for more than a decade. Owning the brand means that Lowe's now has control over how to price Stainmaster products and expand the label into other flooring […] The post Lowe's buys well-known brand in a competitive bid to bolster profitability appeared first on Axios Charlotte.