Lowe's
A Lowe's store in Murphy, North Carolina | |
| Company type | Public |
|---|---|
| ISIN | US5486611073 |
| Industry | Retail (home improvement) |
| Predecessor | Mr. L.S. Lowe's North Wilkesboro Hardware |
| Founded | March 25, 1921, in North Wilkesboro, North Carolina, United States[1] |
| Founders |
|
| Headquarters | Mooresville, North Carolina, United States |
Number of locations | 1,748 (2025)[2] |
Areas served | |
Key people | |
| Products | Home 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 |
| Revenue | US$83.7 billion (2024[2] |
| US$10.5 billion (2024)[2] | |
| US$6.96 billion (2024)[2] | |
| Total assets | US$43.1 billion (2024)[2] |
| Total equity | US$−14.2 billion (2024)[2] |
Number of employees | 270,000[2] (2025) |
| Subsidiaries |
|
| Website | lowes |
| 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 October 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 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.
- ^ "News Release Archive - Site Password". mediaroom.com. Retrieved December 4, 2014.
- ^ a b c d e f g Cite error: The named reference
AR24was invoked but never defined (see the help page). - ^ "2020 Annual Report" (PDF). Retrieved August 8, 2020.
- ^ "Lowe's". Fortune. Retrieved August 7, 2016.
- ^ "Form 10-K". www.sec.gov. February 1, 2019. Retrieved June 6, 2019.
- ^ "Lowe's targets Canada, No. 2 U.S. home retailer plans 420 store openings to tap into expanding, $39 billion market". Toronto Star. September 20, 2007.
- ^ Team, Trefis. "Lowe's vs Home Depot: Home Improvement Or Stock Improvement?". Forbes. Retrieved April 10, 2020.