Ranking 40th in the list of Fortune 500 companies, Lowe’s Companies, Inc. (Stylized as LOWE’s and known to do business as Lowe’s), an American company is known to bring in a massive revenue of $68.62 billion. It operates a chain of appliance stores as well as retail home improvement stores in the regions of United States, Canada and even Mexico. Lowe’s is known to employ a whopping amount of 310,000 people under them. They have more than 2,390 stores of home improvement as well as hardware stores. With its corporate headquarters in Mooresville, North Carolina, Lowe’s is one of the largest hardware chains in the United States, second only to Home Depot. Globally too, it is the second largest chain for hardware goods. First founded back in the year of 1946, their first store was first opened in 1921 by Lucius Smith Lowe in North Wilkesboro. 1955 saw an expansion of the company in various North Carolina cities. In 1979, the company first began trading on the New York Stock Exchange. Increasing competition, dire market conditions caused the company a lot of suffering in the 1980s. The new format of big box stores (like Home Depot) had been opened which several to throw the attention of Lowe’s old format. Although initially resistant of adopting this format, Lowe’s soon realized their survival required adoption of the big-box format. Today, most of their stores are of this kind, however, some classic format stores still survive in markets of smaller kinds. It has since then grown nationally and globally to great height bringing in a revenue of around US$68.619 billion as of 2018.
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