About Lowe's Companies, Inc. (LOW)

Company Description:

Lowe's Companies, Inc., a leader in the home improvement retail sector, is dedicated to helping homeowners, renters, and professionals improve their homes and businesses. The company operates through an extensive network of retail stores across the United States and Canada, offering a wide range of products for maintenance, repair, remodeling, and decorating.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe's has grown from a small hardware store to a Fortune 50 home improvement company. Today, Lowe's is headquartered in Mooresville, North Carolina, and continues to be a go-to destination for quality home improvement products and services.

Main Product(s):

Lowe's offers a diverse range of home improvement products, including appliances, tools, hardware, lumber, building materials, paint, plumbing, flooring, garden supplies, and electrical products. The company also provides installation services for various home products, enhancing its retail offerings.

Short History of Lowe's Companies, Inc:

• 1921 – Lowe's was founded in North Wilkesboro, North Carolina.
• 1961 – Lowe's became a publicly traded company.
• 1979 – The company reached $1 billion in sales.
• 2006 – Expansion into Canada.
• 2011 – Launch of the MyLowes online tool for customer project tracking.
• 2018 – Marvin R. Ellison appointed as CEO, initiating strategic business transformations.