Lowe’s Hardware Remodels Offerings by Acquiring Online Retailer

In order to expand its offerings online, Lowe’s has acquired ATG Stores, a Kirkland, Wash.-based home improvement retailer that operates more than 500 Web sites, ranging from LightingUniverse.com to HandandPowerToolShop.com. Terms of the deal were not disclosed. Lowe’s said the 12-year-old company will continue to maintain separate branding and independent merchandising.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald