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lowe's Annual Report1998
The 1998 annual report for Lowe's summarizes the company's financial performance and initiatives for the fiscal year. Sales increased 21% to $12.2 billion while net earnings grew 35% to $482 million. Three key initiatives - installed sales, special order sales, and focusing on commercial customers - contributed significantly to the company's success. Lowe's also expanded into new markets, opened 76 new stores, and finalized a merger with Eagle Hardware & Garden to strengthen its presence in the western US.
