Lowe's

Company Description

Lowe's Companies, Inc. is a retail company specializing in home improvement. With more than 2,200 stores throughout the United States and Canada, Tracing its origins to 1921, Lowe's has grown to sell a wide range of hardware and construction materials, home and garden equipment, furniture, and tools. Thanks to its digital platform and online marketing, Lowe's is also one of the top e-commerce sites in the US.

Detailed Description

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools. It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private branded products to homeowners, renters, and professional customers. As of January 29, 2021, it operated 1,974 home improvement and hardware stores. The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.

Key People

Founder(s): Lucius Smith Lowe

Marvin R. Ellison (CEO)

Financials

Revenue: US$72.148 billion (2020)

Operating income: US$6.314 billion (2020)

Net income: US$4.281 billion (2020)

Total assets: US$39.471 billion (2020)

Total equity: US$1.972 billion (2020)