Lowe's (LOW) said Wednesday that it formed a partnership with e-commerce software firm Mirakl to scale its online marketplace for both do-it-yourself and professional customers.
The partnership is expected to boost the growth of Lowe's Marketplace as it will allow marketplace sellers to manage their catalogs on Lowes.com and offer more product choices, the company said.
Shares of Lowe's were down more than 1% in recent trading.
Price: 227.67, Change: -3.58, Percent Change: -1.55
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