Lowe's offers small businesses the 'Shark Tank' treatment
FILE- In this Feb. 23, 2018, file photo a passer-by walks near an entrance to a Lowe's retail home improvement and appliance store, in Framingham, Mass. (AP Photo/Steven Senne, File)
NEW YORK (AP) — Lowe’s is offering small businesses, particularly those owned by minorities, the “Shark Tank” treatment.
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The home improvement chain is teaming up with Daymond John, star of ABC’s “Shark Tank,” to give potential suppliers the chance to pitch their products to a Fortune 500 company.
That will allow a small number of entrepreneurs to pitch their products directly to Lowe’s, sidestepping a traditionally arduous process of getting their goods sold in 2,200 stores run by the company, and on lowes.com. From Tuesday through Sept. 25 small business owners can apply.
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Lowe’s is putting an emphasis on businesses run by the disabled, people of color and people in the LGBT community.