Lowe’s Companies, Inc. is an American chain of home improvement and appliance stores. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada. As of February 2019, Lowe’s and its related businesses operate 2,015 home improvement and hardware stores in North America.
Lowe’s is the second-largest hardware chain in the United States behind The Home Depot and ahead of Menard’s. Globally, Lowe’s is also the second-largest hardware chain, again behind The Home Depot but ahead of the European store Leroy Merlin.
In 1971, Lowe’s operated its first store in North Wilkesboro, North Carolina.
By 1979, Lowe’s had reached $1 billion in sales with 200 stores. In 1983, Jim Lowe died of a heart attack at the age of 54. In 1988, Lowe’s was acquired by Bain Capital and rationalized by shutting down many underperforming stores and trimming unprofitable product lines.
Is ReliaBilt a Lowe’s brand?
No, ReliaBilt is not a Lowe’s brand. Lowe’s Companies, Inc. is an American chain of home improvement and appliance stores that operates a chain of retail stores in the United States and Canada. ReliaBilt is a private label brand that is exclusive to The Home Depot.