Lowe's Selects Nest for New In-Store Innovation Displays, Offering
Customers Hands-on Experience with Nest
Nest Labs, Inc. (nest.com)
announced today that the Nest®
Learning Thermostat is now available in more than 500 Lowe's
Companies, Inc., (NYSE: LOW) stores across the country, as well as on lowes.com.
Lowe's - the second-largest home-improvement retailer in the world -
will feature Nest in its new Innovation merchandising displays in-store,
which bring the best new products in home improvement to life with
interactive end caps. To purchase or check local availability, visit
"There's a natural affinity between Lowe's and Nest," said Erik
Charlton, Nest vice president of sales and marketing. "Both companies
are committed to supporting DIY-minded customers seeking quality
products. Most Nest owners choose to install the Nest Learning
Thermostat themselves -- and complete installation within 30 minutes -- so
it makes sense for them to buy from Lowe's, a great retailer that
supports its customers' ingenuity and pride in their homes."
"Nest has added energy and excitement to the thermostat category," said
Dean Kochalka, vice president of Merchandising at Lowe's. "Lowe's
continues to look for ways to offer customers the latest innovative
products to make home improvement simple, and the Nest Learning
Thermostat offers customers a personalized, intuitive approach to easily
managing the home environment and energy expenses."
The Nest Learning Thermostat learns about you and your home to
automatically adjust the temperature when you're away, guide you to
energy-efficient temperatures when you're home and free you from
programming hassles by creating a personal temperature schedule. With
heating and cooling accounting for approximately 50 percent of the
average household energy bill (or more than $1,000 per year), Nest can
make a noticeable difference by helping reduce energy consumption. Since
its launch in October 2011, Nest has earned rave reviews and awards -
from Good Housekeeping's VIP Award to CNET's coveted five-star rating.
For more on Lowe's dedication to energy conservation and the
environment, visit lowes.com/socialresponsibility.
Nest is focused on addressing home-energy consumption with an elegantly
designed solution - one that people will actually enjoy using.
Founded by Apple alums Tony Fadell and Matt Rogers, Nest brings together
a world-class team with the broad backgrounds needed to deliver an
amazing product that blends technology with ease of use. Nest is
privately funded and based in Palo Alto, Calif. For more information,
With fiscal year 2011 sales of $50.2 billion, Lowe's Companies, Inc. is
a FORTUNE® 50 company that serves approximately 15 million customers a
week at more than 1,745 home improvement stores in the United States,
Canada and Mexico. Founded in 1946 and based in Mooresville, N.C.,
Lowe's is the second-largest home improvement retailer in the world. For
more information, visit lowes.com.
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Kate Brinks, 415-823-3121
Jaclyn Pardini, 704-758-4317