Lowes sells more than 200,000 new products, but it’s still not profitable

LOWES (Reuters) – Lowes Co Ltd said on Wednesday it sold about 200,00 new products and is not profitable.

The business, which was once known as The National, posted its first quarterly loss since 2009.

Lowes shares closed down 1.2 percent at $29.69.

Shares in Target Corp, which operates a network of discount retailers including Sears and Kmart, fell 1.4 percent.