Where is the closest Lowe's?

What the company is doing

Lowe’s Companies, Inc. (NYSE: LA) is among FORTUNE 50 and is a home improvement business welcoming more than 18 million people per week in North America and Canada. Lowe’s and its associated companies serve 2,200 home improvement and hardware stores with revenues of $72.1 billion in the 2019 fiscal year, employing nearly 300,000 employees. Established in Mooresville (N.C.) in 1921, Lowe’s supports the communities served by initiatives designed to provide safe, accessible accommodation and build the next generation of trained professionals.

How big it is

Traded on the New York stock exchange since 1961, Lowe’s (LOW) has been a full home improvement business with inspiration and encouragement for consumers from a small hardware store wherever they are trading. If you shop online, by phone, or if Lowe’s meets you in your place of business or home, Lowe’s will support you.

The history of the brand

In North Carolina, Lowe’s story started. A chain of hardware stores was opened by H. Carl Buchan, co-owner of North Wilkesboro Hardware Company. At that time, Lowe’s was a traditional small city hardware store selling everything, including washing tubs, boots, and horse collars. In December 2007, Lowe’s first shops in Canada opened, and in February 2010, the company opened its first shop in Mexico.

Lowe’s stores carry 40,000 items, and Special Order proposes hundreds of thousands more – all consumers need to build, preserve, upgrade and enjoy their homes. Although times have changed since Lowe’s opening in 1946, the principles of Lowe’s have not changed – the company remains committed to delivering quality home-built goods at regular low prices and providing outstanding customer service.

Business directions

Lowe’s retail clients include homeowners and tenants who complete various projects from DIY to DIFM. The customers of Lowe’s bring about 30% of total revenue and consist of two broad groups: maintenance (repair and service) and construction and trade.

Key facts about the company

The organization’s strategic focus is on responsible procurement, sustainable and environmentally friendly goods, diversified, stable, dedicated, and trained workforce, support for local communities through safe and affordable housing, and ethical and responsible operations.

Lowe’s periodically considers and enters into strategic transactions, including mergers, acquisitions, joint ventures, investment, and other growth, business, and geographical expansion strategies. In these approaches, revenue, cost savings, synergies, and other various advantages are expected to rise.

Mission and vision

On all its platforms and with respect to all communities, Lowe’s offers the right home improvement goods with the highest service and value. Lowe’s honors its reputation for upholding high requirements of ethical standards in workplaces and around the world. Integrity, a fundamental value of Lowe’s, is seen every day by communication with clients, colleagues, sellers, shareholders, and non-profit organizations like Habitat for Humanity and the American Red Cross. Each employee complies with all relevant government legislation, laws, and regulations when operating on behalf of the company and avoids any behavior, even if legally permissible, in contradiction to Lowe’s ethical values.

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