Lowe’s Companies is an American retail company that specializes particularly in home enhancement.
The company is headquartered in Mooresville, North Carolina.
The company operates a set of retail stores in the United States as well as Canada.
In the year 2018, Lowe’s as well as all its related businesses operate nearly 2,015 home enhancement as well as hardware stores in North America.
Lowe’s is considered the second-largest hardware chain in the United States.
The company is also considered the second-largest hardware chain all around the world, as well as after The Home Depot, however, ahead of European retailers Leroy Merlin, B&Q, as well as OBI.
Lowe’s India is a combination of home improvement in retail & technology. The company power Lowe’s as well as its various businesses via solutions and technology. Lowe’s India particularly creates an engaging and excellent customer experience.
The company’s 2000 associates mainly aim at analytics, technology and shared services.
The technology team strongly supports corporate systems, e-commerce, mobile and infrastructure, which help numerous functions including corporate services, supply chain and distribution.
The analytics teams help in creating data-driven decisions in the supply chain, merchandising, finance, and store operations. Also, the shared services team strengthens various groups to bring out their job perfectly.
During its initial years, the company sold its items particularly to professional contractors, as well as its store design like a small local hardware store.
Robert Strickland, the chairman, implemented a marketing policy to target do-it-yourself homeowners in the year 1978.
In the mid-1980s, over one-half of Lowe’s sales were to non-professionals in the general public after a national trend.
The company has always kept Atlanta-based Home Depot as their competition.
Lowe’s stores have gradually emerged large, warehouse-style buildings.
The company’s items were also expanded more than its big tool as well as building supply inventories including garden products, appliances, and home decorations.
And by the year 2006, the company became the nation’s 2nd largest home enhancement retailer after Home Depot along with over $43 billion in sales as well as 1,250 stores in a total of 49 states.