American home improvement retailer Lowe’s Companies, Inc. (NYSE: LOW) is launching a pilot program to open shops for American pet retailer Petco Health and Wellness Company, Inc. (WOOF) in some of its outlets. The step is aimed at diversifying its current home improvement offerings to other segments, including dog food, health & wellness supplies, and services for pets. Following the news, shares of LOW rose more than 2.2% before ending the day slightly down at $225.93. Meanwhile, WOOF popped 2.5% to close at $17.86 on January 27.
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