Lowe's

Lowe's Companies, Inc. is a leading American retail company specializing in home improvement products and services. With a broad footprint of 1,748 locations in the United States, including a strong presence in Miami, Florida, Lowe's caters to both DIY enthusiasts and professional contractors seeking quality tools, appliances, and building materials.

Founded on March 25, 1921, Lowe's has evolved into the second-largest hardware chain in the U.S., known for its expansive product range and focus on enhancing customer experience through technological and store improvements.

Company Facts

• Founded: March 25, 1921
• Headquarters: Mooresville, North Carolina, United States
• US Locations: 1,748 stores nationwide
• Employees: 270,000 worldwide
• Annual Revenue: $83.674 billion (2024)

Business Model and Operations of Lowe's Companies, Inc.

Lowe's operates as a comprehensive home improvement retailer, targeting both DIY customers and professional tradespeople. It emphasizes a diverse product selection that spans appliances, hardware, tools, and building materials.

The company has expanded its focus on professional clientele such as builders and property managers while investing heavily in technology and store enhancements to improve the shopping experience across its stores, including those in Miami and other major U.S. cities.

Products and Popular Offerings

Lowe's provides a wide array of home improvement products designed to serve various customer needs and projects.

• Home Appliances: Refrigerators, washers, dryers
• Tools & Hardware: Power tools, hand tools, fasteners
• Building Materials: Lumber, electrical supplies, plumbing supplies
• Garden & Outdoor: Seasonal outdoor equipment, garden supplies
• Home Décor: Paint, flooring, lighting

Popular products include power tools, kitchen appliances, and seasonal outdoor gear, catering effectively to both consumer and professional needs.

Market Position and Competition

Lowe's is recognized as the second-largest hardware retailer in the United States, closely competing with The Home Depot as a market leader in home improvement. It also faces competition from regional hardware chains and specialty stores like Menards.

The company's strategy focuses on growing its professional customer base while innovating product offerings to sustain its competitive edge in a dynamic retail landscape.

Global Presence and Expansion

While Lowe's operates exclusively within the United States, its vast network spans key metropolitan areas including Miami, New York, Los Angeles, Chicago, and Houston.

Although it has exited former markets such as Canada and Australia, Lowe's recent acquisition of Foundation Building Materials for $8.8 billion highlights its commitment to enhancing services for professional builders domestically, signaling strong growth plans focused on the U.S. market.

Contact Information

Corporate Headquarters:
1000 Lowe's Blvd, Mooresville, NC 28117, United States

Phone: (704) 758-1000

Customer Service: 1-800-445-6937

Website: lowes.com

Careers: corporate.lowes.com/careers