Retail

Lowe’s, ‘Shark Tank’ star Daymond John launch effort for small businesses

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As many small businesses face challenges during the coronavirus pandemic, Lowe’s is giving them a shot to get their products on its store shelves and website.

Lowe’s CEO Marvin Ellison said Tuesday on CNBC’s “Squawk on the Street” that the home improvement retailer is teaming up with Daymond John, a star of ABC’s “Shark Tank,” to mentor entrepreneurs across diverse backgrounds, listen to their pitches and narrow the pool to standouts. The initiative will ultimately culminate in a one-day pitch competition judged by Lowe’s executives and hosted by John.

“Although we’re a big company, we’re fortunate to be classified as an essential business, we understand that the success of our broader…



Source cnbc.com

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