Plus   Neg

PPG: Lowe's To Discontinue Sale Of OLYMPIC Brand Paints, Stains - Quick Facts

PPG (PPG) announced, on Feb. 27, Lowe's informed the company that it will discontinue the sale of OLYMPIC brand paints and stains in its U.S. retail stores, effective mid-2018. Sales at Lowe's stores in the U.S. represent less than $300 million of PPG's annual sales.

PPG said, while the company is disappointed with Lowe's decision, it believes this will create an opportunity to expand the distribution of products, including Olympic brand products, through PPG stores, dealers and other distribution partners. PPG plans to aggressively and appropriately adjust cost structure to adapt to this change in its business.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. recalled about 15,800 units of Off-Road and Utility Vehicles in North America for possible crash hazard, according to a statement issued by the U.S. Consumer Product Safety Commission. There were also an additional 711 units sold in Canada. AstraZeneca's efforts to supply Covid-19 vaccine doses from its Italian unit to Australia has been blocked by the European Union and the Italian Government, citing Australia being non-vulnerable region and delays in domestic supply, among others. Italy's proposal to deny AstraZeneca's request for authorization to export COVID-19 vaccines was subsequently approved by the European Commission. Chipotle Mexican Grill, Inc. is teaming with e.l.f. Cosmetics to launch a limited edition beauty collection on March 10, aiming to support plant-based lifestyles and responsibly-sourced products. The e.l.f. x Chipotle makeup collection will comprise cruelty-free and vegan products inspired by Chipotle's responsibly-raised food.
Follow RTT