Lowe’s is a home improvement retailer that has been in business since 1946. The company operates over 2,000 stores in the United States and Canada. Lowe’s is the second-largest home improvement retailer in the world, behind only The Home Depot.
The company was founded by Lucius Smith Lowe in North Wilkesboro, North Carolina. Lowe started the company with $5,000 of his own money and six employees.
The first store was just 28,000 square feet. Today, Lowe’s stores are an average of 105,000 square feet.
Lowe’s sells a wide variety of home improvement products, including appliances, tools, hardware, paint, lumber, and flooring. The company also provides installation services for many of the products it sells.
Lowe’s has always been focused on providing excellent customer service. The company’s motto is “If we can’t serve you better than anyone else in town, we don’t deserve your business.”
The company has been very successful over the years. In 2019, Lowe’s had sales of $72.1 billion.
The company employs over 300,000 people. Lowe’s is a publicly traded company and is listed on the New York Stock Exchange under the ticker symbol LOW.
What is Lowe’s motto? “If we can’t serve you better than anyone else in town, we don’t deserve your business.”