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Lowe's and Synchrony Expand Partnership with MyLowe's Pro Rewards American Express Card Launch.

May 02, 202616 days ago

Contract Type

partnership

MooresvilleRetailConstructionBuilding Maintenance

Description

The new co-branded card enhances purchasing power for professional customers and extends rewards beyond Lowe's stores. Targeting small to medium business customers, this partnership aims to deepen relationships with contractors and improve financing flexibility.

Company Information

Company

Lowe's Companies

Location

Mooresville, North Carolina, United States

About

Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the United States. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the United States, where Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. The company is based in Mooresville, N.C. and supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months