About the Company
Lowe’s Companies Inc., popularly known as Lowe’s, is a retail company that primarily markets products for home improvement. Its headquarter is located in Mooresville, North Carolina and has outlets spread across Canada and the United States. It is one of the largest hardware chains in the US. It has more than 260,000 employees working across 2,200 stores, 15 distribution centres and 9 store support centres. Backed by approximately 300,000 associates, it serves about 18 million customers every week.
As of 2021, the company offers products under more than 30 departments such as animal & pet care, outdoor recreation, appliances, paint, drinks & snacks, heating & cooling, plumbing, kitchen, flooring, building supplies, sports & fitness, books & magazines, etc. Its collection has over 150 brands such as Bona, Moen, Amana, Mohawk, Google Nest, Bosch Power Tools, Schuler Cabinetry, Iris, Char-Broil, Trex Decking, Bostitch, Thermacell, YETI, Eaton, Larson, RotoZip, Filrete Air Filters, Rust-Oleum, SYLVANIA, Owens Corning, Husqvarna, Schlage, Jacuzzi, Purdy, Coleman, etc. Lowe’s also offers its customers over 20 types of home services concerning cabinets, flooring, siding, water softener, toilets, vanities, doors, fencing, roofing, backsplashes and the likes.
It got listed on the New York Stock Exchange in 1979 under the ticker symbol “LOW”, and as of 2020, it is a component in both the S&P 100 and S&P 500 indices. The company’s journey began in 1921 when its general store was opened as Lowe’s North Wilkesboro Hardware. It took almost 30 years for Lowe’s to open its second store, but it soon gained pace and reached 344 associates by 1958. Some of its biggest acquisitions include Boomerang Commerce’s Retail Analytics platform in 2019 and RONA in 2016.
In 1984, it acquired a place in Fortune Magazine’s Top 100 Best Companies to Work for in America and was awarded the same title in 2001. As of 2020, it is the 44th company in the Fortune 500 list and 137th in its Global 500 list. Forbes also enlisted Lowe’s in three of lists in 2020, namely World’s Most Valuable Brands, Global 2000 and America’s Best Employers By State.;
Organisation | Lowe's Companies Inc |
Industry | Home Improvement Retail |
HeadQuarters | Mooresville, NC |