According to Brown, each store will receive about 25 Apple iPhone 4 handsets as the company plans on spending a record amount for Lowe's on technology in the fiscal year ending in January. Lowe's has added Wi-Fi hotspots, increased the bandwidth at locations, and is making more of its stock available online. 72,000 computer screens are being replaced with flat-screen displays.
Lowe's is in fierce competition with Home Depot in the home improvement area of the retail market. The latter gave out Motorola handheld devices to its workers last year so that they could spend more time helping customers and less time working away from them. Despite adding the Apple iPhone 4 handsets and all of the other improvements, Tim Hoyle, research director for Haverford Investments, says that Home Depot is well ahead of Lowe's and anyone who thinks that they can catch up to them is naive.
source: Bloomberg via electronista