As a former strategy consultant for a large Atlanta based retail consultancy, I can see a real potential for BB and Lowes to form a marketing/sales partnership. Lowes has been struggling as has BB with market conditions, and BB would be a natural to manage a smaller footprint consumer electronics/appliance store with Lowes. Lowes gets to offload some of its overhead costs, while taking advantage of BBs supply chain on the appliance side. There also may be some synergies with the on-line operations to benefit each other.
I like both companies and have been a good customer of both, although less in the last couple years as service and product availability has faltered. Both companies can continue to be successful although through revenue growth and not from further brick and mortar expansion. The solutions are out there if you choose to change.