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Lowe’s Investor Relations Material
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Over 100 Years as a Hardware Store
Lowe's Companies Inc., founded in 1921, is a renowned American retail company specializing in home improvement and construction products and services. Headquartered in Mooresville, North Carolina, Lowe's operates a chain of retail stores across the United States and Canada. With a broad product assortment ranging from appliances to building materials, Lowe's caters to both individual homeowners and professional contractors.
Early Days
The company can trace its roots back over 100 years to the opening of Lowe’s North Wilkesboro Hardware. From a local operation selling everything from building materials to groceries, growth was limited until 1952 when businessman Carl Buchan took sole ownership of the company from the Lowe family. Anticipating a building boom in the wake of the second world war, Buchan quickly put his focus on expanding with the goal of turning into a national chain. The company went public in 1961 and has since then grown to be one of the largest home retailers in the world.
Big-box Retail
Like many other companies operating in North America, the company can be classified as a Big-box retailer, with some other notable examples including Walmart, Target, and Home Depot, which is one of Lowe’s main competitors. The company’s physical locations take up massive amounts of space and offer customers the ability to shop for everything they might require for their projects. Lowe’s places a large focus on training their employees to ensure that they’re qualified to give pointers and advice to shoppers who need guidance when it comes to what to purchase for their specific needs. In addition to its retail locations, Lowe’s also operates an online store.
For Professionals and Enthusiasts Alike
Another cornerstone of Lowe’s business is that they aim to provide everything a customer might need regardless of whether they’re a professional contractor remodeling a kitchen, or if they’re someone looking for materials for a DIY project. By offering a huge selection of items for their customers, they aim to provide a one-stop shopping experience for all things hardware, appliances, and home improvement.
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Q3 2025
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