As of November 2018, Lowe’s is the second largest hardware chain in the United States behind Home Depot and ahead of Menard’s. Lowe’s operates over 2,370 stores in the United States, Canada, and Mexico.
Founded in 1946 in North Wilkesboro, North Carolina, as of 2018, Lowe’s has expanded to 51 states after acquiring their Ohio-based competitor Renton-based Eagle Hardware & Garden in 1999.
Lowe’s is publicly traded on the New York Stock Exchange (NYSE: LOW) and is a component of the S&P 500 Index. Globally, Lowe’s is also a large retailer with over 28,000 stores in other countries including Canada, Mexico, Australia, New Zealand, China, and India.
Who actually owns Lowe’s?
As of November 2018, Lowe’s is owned by a variety of institutional investors including Vanguard Group Inc., BlackRock Inc., and State Street Corp.