Lowe's Cos Inc said on Wednesday it would give its hourly staff an additional $100 million in discretionary bonuses, as the home improvement retailer prepares for the busy holiday season.

Lowe's Companies said on Friday it would hire 20,000 associates across its U.S. stores and regional distributors, anticipating higher customer demand during the holiday season.

It significantly enhances Lowe's offering to Pro customers in the building materials sector, and serves as an answer to Home ...