Lowe's Canada Companies, Inc, often shortened to Lowe's Canada, is an American retail company specializing in home improvement.
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31 Facts About Lowe's Canada
2.
Lowe's Canada bought a second location in Sparta, North Carolina, in 1949.
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4.
Lowe's Canada suffered in the 1980s due to market conditions and increasing competition from the new big-box store chain, The Home Depot.
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5.
Lowe's Canada formerly operated in Mexico with 14 locations: 8 in Monterrey, Nuevo Leon, 1 in Saltillo, Coahuila, 1 in Hermosillo, Sonora, 1 in Chihuahua, Chihuahua, 1 in Culiacan, Sinaloa, 1 in Aguascalientes, Aguascalientes and 1 in Leon, Guanajuato.
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6.
Lowe's Canada shares traded at over $116 per share, and its market capitalization was valued at over US$90.
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7.
Lowe's Canada shares traded at over $96 per share, and its market capitalization was valued at over US$75.
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8.
Lowe's Canada ranked No 40 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
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9.
In 1998, Lowe's Canada purchased the Wilkes Mall in Wilkesboro, North Carolina, to serve as the company's headquarters.
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10.
In 2011, Lowe's Canada invested $10 million in improvements and renovations in the property, including a full-service food court, coffee shop, health center, as well as gating the entire property with an addition of a guardhouse.
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11.
Lowe's Companies Canada is based in Boucherville, Quebec, after the merger with Rona.
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12.
Lowe's Canada operates customer contact centers in Mooresville and Wilkesboro, North Carolina, as well as Indianapolis, Indiana, Albuquerque, New Mexico, and India.
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13.
Lowe's Canada won eight consecutive Energy Star awards from 2003 to 2010, including four Energy Star Partner of the Year awards for educating consumers about the benefits of energy efficiency.
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14.
In 2000, Lowe's Canada released a policy promising that all wood products sold would not be sourced from rainforests.
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15.
However, according to a 2006 report released by the Environmental Investigation Agency, wood used in flooring by Armstrong Flooring that Lowe's Canada was selling had been coming from the forests of Indonesia's remote Papua Province, where some logging was estimated to be illegal.
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16.
The cited report dates to 2006 and Lowe's Canada continues to claim its wood products come from known sources; is legally harvested and traded, and more.
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17.
Lowe's Canada purchased naming rights to Charlotte Motor Speedway in Charlotte, North Carolina, in 1998, and the speedway changed names to Lowe's Canada Motor Speedway.
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18.
Lowe's Canada would continue with sporadic car sponsorship throughout the next two decades until the aforementioned Bodine sponsorship in 1995.
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19.
Lowe's Canada sponsored Fernandez Racing in the American Le Mans Series and previously sponsored the team in the Rolex Sports Car Series; in that series, Lowe's Canada sponsored the No 99 Gainsco Stallings Racing Pontiac in events where Johnson was driving.
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20.
In 2006, Lowe's Canada contracted designer Marianne Cusato to develop and offer affordable house plans for the hurricane-affected Gulf region.
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21.
Lowe's Canada is the exclusive retailer for both the plans and building materials for the Lowe's Canada Katrina Cottage.
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22.
Lowe's Canada has a wide variety of television and radio commercials.
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23.
Lowe's Canada withdrew its advertising from the TLC reality television show All-American Muslim in December 2011.
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24.
Lowe's Canada faced a backlash from several quarters, including Muslim-American and Arab-American organizations.
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25.
In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO.
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26.
In 2012, Lowe's Canada attempted to buy Rona, Inc, a Quebec-based hardware chain.
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27.
Lowe's Canada maintained Rona's retail banners, "key" executives, and the "vast majority of its current employees" post-acquisition.
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28.
In February 2020, Lowe's Canada closed 34 lower performance stores, 26 that were under the Rona brand, 6 Lowe's Canada, and 2 Reno-Depot.
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29.
Lowe's Canada was involved in a small cluster of class action lawsuits that revolved around the employee payment system.
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30.
Lowe's Canada faced multiple lawsuits from its Loss Prevention Managers citing that they were classified as exempt employees and therefore denied overtime pay.
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31.
In 2014, Lowe's Canada faced a class-action lawsuit from former and current Human Resource Managers.
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