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Stock impact report

New factory, warehouse to replace Chicago Heights structures destroyed in fire [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The 240,000-square-foot building at 1001 Washington Ave. is due to be finished by next spring and will consolidate Morgan Li's manufacturing and warehousing under one roof. The energy-efficient facility will feature more than 20 loading docks and a separate 40,000-square-foot painting building designed to handle finished products, according to the company. Founded in 1943, the company's customers include retailers Adidas, Banana Republic, Gap, Old Navy and Walmart. Andy Rosenband is chief executive officer and his brother, Jonathan, is president. They took over operation of the company in 2009 and the company was founded by their grandfather, Maurice Rosenband. “This facility is more than just a building. It represents Morgan Li's dedication to growth, innovation, and our deeply rooted ties to Chicago Heights,” Jonathan Rosenband said in a news release announcing the recent groundbreaking, “The decision to rebuild on the same site rather than relocate, and our list of local p Show less Read more
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