Lowe's

This article is about the American chain of home improvement stores. For the defunct Canadian subsidiary, see Lowe's Canada. For other uses, see Lowe's (disambiguation).
Not to be confused with Loews (disambiguation).
Lowe's Companies, Inc.
Company typePublic
ISINUS5486611073
IndustryRetail (home improvement)
PredecessorMr. L.S. Lowe's North Wilkesboro Hardware
FoundedMarch 25, 1921; 103 years ago (1921-03-25), in North Wilkesboro, North Carolina, United States[1]
Founders
  • Lucius Smith Lowe
HeadquartersMooresville, North Carolina,
United States
Number of locations
1,746 (2024)[2]
Areas served
Key people
ProductsHome appliances, tools, hardware, electrical supplies, builders hardware, lumber, building materials, ceiling fans, light fixtures, paint, plumbing, flooring, doors, windows, wood stain, wallpapers, garden supplies, plants, housewares, furniture, home decor, bedding, and curtains
RevenueDecrease US$86.38 billion (2023)[2]
Increase US$11.56 billion (2023)[2]
Increase US$7.726 billion (2023)[2]
Total assetsDecrease US$41.79 billion (2023)[2]
Total equityDecrease US$−15.1 billion (2023)[2]
Number of employees
284,000[2] (2024)
Subsidiaries
  • Central Wholesalers
  • Maintenance Supply Headquarters
Websitelowes.com
Footnotes / references
[3]

Lowe's Companies, Inc. (/loʊz/ LOHZ) is an American retail company specializing in home improvement.[4] Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.[5]

Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by the Home Depot in 1989) behind rival the Home Depot and ahead of Menards.[6] It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI.[7]

The company previously operated in Australia through the Masters Home Improvement joint venture until 2016, in Mexico until 2019, and in Canada until selling its operations (which will be consolidated under the Rona brand) to Sycamore Partners in 2023.

  1. ^ "News Release Archive - Site Password". mediaroom.com. Retrieved 4 December 2014.
  2. ^ a b c d e f g Cite error: The named reference AR23 was invoked but never defined (see the help page).
  3. ^ "2020 Annual Report" (PDF). Retrieved August 8, 2020.
  4. ^ "Lowe's". Fortune. Retrieved 2016-08-07.
  5. ^ "Form 10-K". www.sec.gov. February 1, 2019. Retrieved 6 June 2019.
  6. ^ "Lowe's targets Canada, No. 2 U.S. home retailer plans 420 store openings to tap into expanding, $39 billion market". Toronto Star. Sep 20, 2007.
  7. ^ Team, Trefis. "Lowe's vs Home Depot: Home Improvement Or Stock Improvement?". Forbes. Retrieved 2020-04-10.