Lowe's Companies, Inc, often shortened to Lowe's, is an American retail company specializing in home improvement.
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40 Facts About Lowe's
2.
Lowe's is the second-largest hardware chain in the United States behind rival The Home Depot and ahead of Menards.
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5.
Lowe's 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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6.
Lowe's 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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7.
Lowe's shares traded at over $116 per share, and its market capitalization was valued at over US$90.
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8.
Lowe's shares traded at over $96 per share, and its market capitalization was valued at over US$75.
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9.
Lowe's ranked No 40 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
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10.
In 1998, Lowe's purchased the Wilkes Mall in Wilkesboro, North Carolina, to serve as the company's headquarters.
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11.
In 2002, Lowe's acquired full control over the 440, 000 square feet building after the 10 remaining mall tenants vacated the property.
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12.
Lowe's maintained its former headquarters in Wilkesboro, where it employs over 2, 400 people.
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13.
In 2011, Lowe's 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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14.
Lowe's operates customer contact centers in Mooresville and Wilkesboro, North Carolina, as well as Indianapolis, Indiana, Albuquerque, New Mexico, and India.
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15.
On June 27, 2019, Lowe's announced the construction of a $153 million, 23-story tower in Charlotte's fast-growing South End neighborhood, which will be completed by 2020 and eventually house 2000 employees, 400 of which will move from the headquarters.
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16.
Lowe's 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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17.
On March 1, 2010, Lowe's became the first winner of the Energy Star Sustained Excellence Award in Retail, to recognize its contribution to reducing greenhouse gas emissions by promoting energy-efficient products and educating consumers and employees on the value of the Energy Star program.
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18.
In 2000, Lowe's released a policy promising that all wood products sold would not be sourced from rainforests.
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19.
However, according to a 2006 report released by the Environmental Investigation Agency, wood used in flooring by Armstrong Flooring that Lowe's 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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20.
The cited report dates to 2006 and Lowe's continues to claim its wood products come from known sources; is legally harvested and traded, and more.
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21.
On March 6th, 2020, Lowe's paid a $1, 600, 000 fine for violating California's air quality regulations.
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22.
Lowe's purchased naming rights to Charlotte Motor Speedway in Charlotte, North Carolina, in 1998, and the speedway changed names to Lowe's Motor Speedway.
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23.
Lowe's would continue with sporadic car sponsorship throughout the next two decades until the aforementioned Bodine sponsorship in 1995.
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24.
On March 14, 2018, Lowe's announced it would end sponsorship of the No 48 car after the 2018 season thereby ending all involvement in Motorsports.
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25.
Lowe's 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 sponsored the No 99 Gainsco Stallings Racing Pontiac in events where Johnson was driving.
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26.
In 2006, Lowe's contracted designer Marianne Cusato to develop and offer affordable house plans for the hurricane-affected Gulf region.
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27.
Lowe's is the exclusive retailer for both the plans and building materials for the Lowe's Katrina Cottage.
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28.
Lowe's has a wide variety of television and radio commercials.
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29.
Lowe's withdrew its advertising from the TLC reality television show All-American Muslim in December 2011.
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30.
Lowe's faced a backlash from several quarters, including Muslim-American and Arab-American organizations.
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33.
In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO.
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34.
On May 11, 2015, Lowe's Canada announced that it would acquire the leases of 13 former Target Canada stores, as well as an Ontario distribution centre, for $151 million.
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35.
In 2012, Lowe's attempted to buy Rona, Inc, a Quebec-based hardware chain.
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36.
Lowe's maintained Rona's retail banners, "key" executives, and the "vast majority of its current employees" post-acquisition.
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37.
In February 2020, Lowe's closed 34 lower performance stores, 26 that were under the Rona brand, 6 Lowe's, and 2 Reno-Depot.
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38.
Lowe's was involved in a small cluster of class action lawsuits that revolved around the employee payment system.
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39.
Lowe's 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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40.
In 2014, Lowe's faced a class-action lawsuit from former and current Human Resource Managers.
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