![]() In 1946, Jim returned from the war and joined Buchan in taking the business forward. He was successful in selling out much of the existing stock and took the opportunity to reorganize the store and focus it towards becoming a whole-seller of hardware and buildings supplies. He not only joined the business to help out, but he also bought 50% of its shares to become Lowe’s partner.įrom there on, he took it upon himself to transform the store. Then, Buchan who was injured during the war, returned home after being discharged from service. Meanwhile, the women of the household, Ruth, and her mother kept the store running.įor three years, things continued like this. He was accompanied by his brother-in-law, Carl Buchan, Ruth’s husband. Jim Lowe had only just taken charge of operations at the store when he was called up by the military to serve on the frontlines in WWII. Then, the store was passed on to his daughter, Ruth, who did not retain ownership for long and sold it to her brother, Jim. The name Lowe – his name – was going to be known around the country.įrom 1921 to 1940, he worked hard at the store, catering to locals’ hardware needs until his passing. Lowe know that his store wasn’t just going to be a local, ordinary hardware store in North Wilkesboro. He gave the store a simple name: “ Lowe’s North Wilkesboro Hardware”. In 1921, in his small town of North Wilkesboro, North Carolina, L.S Lowe opened a hardware store, which along with building materials, sold dry goods, sewing notions, horse tack, produce, and groceries. So, the story of Lowe’s begins with Lucius Smith Lowe. In fact, its journey goes back over a hundred years. In no way is Lowe’s a new name to the American customer. We’ll dive in to do just that now! The Beginnings of Lowe’s From the first Lowe’s store opening in 1921 to what it is today, the company has a had journey to be explored. Adjusted Diluted Earnings Per Share up to $8.9.Number of stores in three countries totaling 1,974. ![]() Number of Full Time and Part Time Employees totaling 340,000 ( 220,000 + 120,000).Here’s a glimpse of the remarkable numbers from the year 2020: Its presence in 49 US States, Canada, and India and continually rising numbers show how large the chain is and how it is still continuously growing. The ninth-largest retailer in the US and the second-largest one in the home improvement industry, Lowe’s is arguably one of the biggest companies in North America.
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