Company
Lowe's
Official Name: Lowe's Companies, Inc.
Headquarters: Mooresville, NC, United States
Founded: March 25, 1921
Employees: 300,000
CEO: Mr. Marvin R. Ellison
Market Cap
$143.77 Billion
USD as of April 1, 2022
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.
Top Competitors by Market Capitalization
Industry: Home Improvement Retail
| Company | Market Cap (USD) |
|---|---|
Home Depot
|
$321.47 B |
Wesfarmers Limited
|
$43.09 B |
|
Floor & Decor Holdings, Inc.
|
$8.32 B |
Kingfisher plc
|
$7.10 B |
Home Product Center Public Company Ltd
|
$6.27 B |
LVMH
Alibaba
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.
Wikipedia Introduction
Lowe's Companies, Inc. (/loʊz/), often shortened to Lowe's, is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada. As of February 2021, Lowe's and its related businesses operates 2,197 home improvement and hardware stores in North America. 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. 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.
Source: Wikipedia, retrieved on March 31, 2022, 9:01 p.m.
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)