Lowe's to Get Rid of Mexico Stores In Further Restructuring

According to Reuters, Lowe's said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot. Shares of the company fell nearly 3.6 percent in morning trading after Lowe’s blamed inventory missteps for a smaller-than-expected rise in comparable store sales.