Company:Lowe's

From HandWiki
Revision as of 19:05, 9 February 2024 by John Marlo (talk | contribs) (correction)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Short description: American home improvement and hardware store chain
Lowe's Companies, Inc.
TypePublic
  • NYSE: LOW
  • S&P 100 component
  • S&P 500 component
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US5486611073 US5486611073]
IndustryRetail
PredecessorMr. L.S. Lowe's North Wilkesboro Hardware
FoundedMarch 25, 1921; 103 years ago (1921-03-25) in North Wilkesboro, North Carolina, United States [1]
Founders
  • Lucius Smith Lowe
HeadquartersMooresville, North Carolina,
United States
Number of locations
2,181 with subsidiaries ((As of October 2022))[2]
Areas served
Key people
Marvin R. Ellison (President, Chairman, & CEO) Brandon Sink (EVP & CFO)
ProductsHome appliances, tools, hardware, builders hardware, lumber, building materials, paint, plumbing, flooring, garden supplies, plants, housewares, furniture, home decor, bedding, and curtains
RevenueIncrease US$97.059 billion (2022)[3]
Decrease US$10.159 billion (2022)[3]
Decrease US$6.437 billion (2022)[3]
Total assetsDecrease US$43.708 billion (2022)[3]
Total equityDecrease US$(14.254) billion (2022)[3]
Number of employees
300,000[4] (2022)
Subsidiaries
  • Central Wholesalers
  • Maintenance Supply Headquarters
Websitelowes.com
Footnotes / references
[4]

Lowe's Companies, Inc. (/loʊz/) is an American retail company specializing in home improvement.[5] Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States . As of Oct. 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.[2]

Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by The Home Depot in 1989) behind rival The Home Depot and ahead of Menards.[6] It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI.[7]

The company previously operated in Australia through the Masters Home Improvement joint venture until 2016, in Mexico until 2019, and in Canada until selling its operations (which will be consolidated under the Rona brand) to Sycamore Partners in 2023.

History

The first Lowe's store, North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe.[8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe for $4,200,[9] that same year. James took on his brother-in-law H. Carl Buchan as a partner in 1943.[10]

A Lowe's store in Murphy, North Carolina

Buchan anticipated the dramatic increase in construction after World War II, and under his management, the store focused on hardware and building materials.[11] Before then, the product mix had also included notions, dry goods, horse tack, snuff, produce, and groceries. Buchan and Lowe started the concept of procuring large quantities of products directly from manufacturers, which eliminated the wholesaler and allowed them to offer customers lower prices.[12] The company opened its second store in Sparta, North Carolina, in 1949.[13]

In 1952, Buchan became the sole owner of Lowe's and the company was incorporated as Lowe's North Wilkesboro Hardware. In 1954, Jim Lowe started the Lowes Foods grocery store chain.[14]

In 1960, Buchan died of a heart attack at age 44.[15] His five-man executive team, which included Robert Strickland and Leonard Herring, took the company public in 1961 under the name Lowe's Companies Inc.[11] By 1962, Lowe's operated 21 stores and reported annual revenues of $32 million.[16] Lowe's began trading on the New York Stock Exchange in 1979.[10] By 1970s, Lowe's revenue reached more than $150 million and, in 1980, to nearly $900 million.[17]

Lowe's has since grown nationally, as it was aided by the purchase of the Renton, Washington–based Eagle Hardware & Garden company in 1999.[18][19] The first store outside the United States was in Hamilton, Ontario, Canada.[20] According to its website, Lowe's has operated/serviced more than 2,355 locations in the United States, Canada, and Mexico alone,[21] although the Mexican stores were closed in the late 2010s.[22]

Lowe's formerly operated in Mexico with 14 locations: 8 in Monterrey, Nuevo León, 1 in Saltillo, Coahuila, 1 in Hermosillo, Sonora, 1 in Chihuahua, Chihuahua, 1 in Culiacán, Sinaloa, 1 in Aguascalientes, Aguascalientes and 1 in León, Guanajuato. Lowe's Mexico closed all its stores on April 10, 2019.[23]

In 2023, Lowe's sold its Canadian retail business, based in Boucherville, Quebec, to Sycamore Partners for $400 million in cash. They will all be consolidated into Rona stores.[24]

Finances

In 2020, for the May–July yearly quarter, the company reported sales of $27.3 billion; in 2019, for the same period, the firm had reported sales of $21 billion. The digital sales for the same period also were up to 135%. The sales surges were a result of consumers switching their buying habits as a result of the COVID-19 pandemic.[25]

Year Revenue
in mil. USD$ 		Net income
in mil. USD$ 		Total Assets
in mil. USD$ 		Price per Share
in USD$ 		Employees Stores
2005 36,464 2,167 21,138 24.62 162,000 1,087
2006 43,243 2,765 24,639 25.08 185,000 1,234
2007 46,927 3,105 27,767 24.40 210,000 1,385
2008 48,283 2,799 30,869 18.77 216,000 1,534
2009 48,230 2,184 32,625 17.16 229,000 1,649
2010 47,220 1,770 33,005 19.86 239,000 1,710
2011 48,815 1,993 33,699 20.67 234,000 1,749
2012 50,208 1,824 33,559 26.56 248,000 1,745
2013 50,521 1,945 32,666 39.50 245,000 1,754
2014 53,417 2,270 32,732 47.84 262,000 1,832
2015 56,223 2,682 31,721 67.59 266,000 1,840
2016 65,017 3,093 34,408 71.22 270,000 1,857
2017 68,619 3,447 35,291 77.66 290,000 2,365
2018 71,309 2,314 34,508 96.71 310,000 2,394
2019[4] 72,148 4,281 39,471 116.24 320,000 1,977
2020[4] 89,597 5,835 46,735 144.08 2,200
2021[26] 96,250 8,442 44,640 207.32 1,971
2022[3] 97,059 6,437 43,708 1,700

Seventy five percent of the company's revenue comes from do it yourself consumers.[27]

Historical data

For the fiscal year 2019 (2/1/2019-1/31/2020), Lowe's reported earnings of US$4.281 billion, with an annual revenue of US$72.148 billion, an increase of 1.17% over the previous fiscal cycle.[28] Lowe's shares traded at over $116 per share,[29] and its market capitalization was valued at over US$90.32 billion in January 2020.[30] Lowe's ranked No. 42 on the 2019 Fortune 500 list. Lowes announced a $10 billion stock buyback[31] at the end of 2018 to begin in 2019, while trimming jobs.[32]

For the fiscal year 2018, Lowe's reported earnings of US$2.314 billion, with an annual revenue of US$71.309 billion, an increase of 3.92% over the previous fiscal cycle. Lowe's shares traded at over $96 per share, and its market capitalization was valued at over US$75.8 billion in October 2018.[33] Lowe's ranked No. 40 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.[34]

Headquarters

Lowe's in Chapel Hill, North Carolina
A typical Lowe's storefront in Santa Clara, California
Interior in Orlando, Florida (2004)

In 1998, Lowe's purchased the Wilkes Mall in Wilkesboro, North Carolina, to serve as the company's headquarters. In 2002, Lowe's acquired full control over the 440,000 square feet (41,000 m2) building after the 10 remaining mall tenants vacated the property. A year later, Lowe's constructed and relocated the corporate headquarters to a new, 350-acre campus in Mooresville, North Carolina. The new facility contains a five-story and two seven-story buildings. The building has a central atrium and two office wings; the atrium houses a food court, a five-story spiral staircase, and meeting, and reception rooms. A 7-acre (2.8 ha) lake flows underneath the headquarters building.[citation needed]

Lowe's maintained its former headquarters in Wilkesboro, where it employed over 2,400 people until 2019. 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.[35] All positions have since been relocated and the former Wilkes corporate office is vacant, although still owned by Lowe's.

In addition to Wilkesboro, Lowe's formerly operated a customer contact center in Albuquerque, New Mexico, both of which quietly closed in 2023. Currently, there are customer contact centers in Indianapolis, Indiana and India .

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. The new tower will house a "global technology hub" for Lowe's. The state of North Carolina is providing $54 million in incentives provided Lowe's meets certain goals.[36][needs update]

Environmental record

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. On March 1, 2010, Lowe's also 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.[37] In 2000, Lowe's released a policy promising that all wood products sold would not be sourced from rainforests.[38] 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.[39] According to the Telepak report, which was the sole basis of the EIA allegations, Armstrong commissioned an independent audit of Kreasi's merbau supplies over the last 18 month which found documentation relating to the source of the company's merbau logs in Papua, and based on this, Armstrong decided to continue to trade in merbau supplied by Kreasi. 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.[40][41]

On April 17, 2014, Lowe's paid a $500,000 penalty for violations of the federal Lead Renovation, Repair and Painting (RRP) Rule, which require renovation contractors, such as window and carpet installers to manage the risk of lead dust when renovating customer homes.[42] As of 2022, this is the largest RRP violation to ever occur.[42] In the words of the EPA, "“This settlement will ensure that not only children in southern Illinois, but children throughout the United States will be better protected from the known hazards associated with lead exposure".[42]

Interior in Charlotte, North Carolina (2022)

On March 6, 2020, Lowe's paid a $1,600,000 fine for violating California's air quality regulations. This includes violations in NOx emissions from ovens and asbestos from demolition/renovation activities.[43]

Carbon footprint

Lowe's reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 1,971 Kt (-138 /-6.5% y-o-y).[44] Lowe's plans to reduce emissions 40% by 2025 from a 2016 base year.[45]

Lowe's's annual Total CO2e Emissions - Location-Based Scope 1 + Scope 2 (in kilotonnes)
Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
2,690[46] 2,408[47] 2,422[48] 2,403[49] 2,109[50] 1,971[44]

Labor relations

In August 2022, the company announced that it was awarding $55 million in bonus income to front-line workers, and that it was offering staff discounts on common household and cleaning items in light of recent inflationary pressures.[51]

Advertising and sponsorships

In January 2019, Lowes became the official home improvement sponsor of the National Football League.[52]

Racing sponsorships

The Lowe's-sponsored team of Jimmie Johnson's pit box

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. After the ten-year naming rights expired, Lowe's extended naming rights by one year.[53] After the one-year extension expired, Lowe's discontinued naming rights, and as of the 2010 racing season the racetrack returned to its original name.

The corporation was the primary sponsor for 7-time NASCAR Sprint Cup Series champion Jimmie Johnson in the No. 48 Chevrolet Camaro ZL1 and it was a part-time sponsor of the former No. 5 Nationwide Series car; both teams are owned by Hendrick Motorsports. Prior to the current sponsorship deal with Hendrick Motorsports, Lowe's was the sponsor of the No. 31 Chevrolet for Richard Childress Racing driven by Mike Skinner and Robby Gordon from 1997 to 2001. Prior to the RCR deal, Lowe's was the primary sponsor of the No. 11 Ford driven by Brett Bodine for Junior Johnson & Associates and later his own team, Brett Bodine Racing (after Bodine bought the No. 11 from Johnson). One of the company's earliest forays into racing sponsorship was in 1979, when it sponsored the No. 2 Buick of the Rod Osterlund team in what was then known the Winston Cup Series, for the Talladega 500. The car was driven in that race by David Pearson, subbing for injured rookie Dale Earnhardt. Lowe's would continue with sporadic car sponsorship throughout the next two decades until the aforementioned Bodine sponsorship in 1995. 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.[citation needed]

Lowe's also 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.

In 2006, Lowe's contracted designer Marianne Cusato to develop and offer affordable house plans for the hurricane-affected Gulf region. Lowe's is the exclusive retailer for both the plans and building materials for the Lowe's Katrina Cottage. They offer easy construction and affordability, as well as the possibility of expansion. Moreover, they meet all international building codes and exceed hurricane codes. Lowe's discontinued the Katrina Cottage line in 2011.

Lowe's has a wide variety of television and radio commercials. A significant number of different racing-inspired commercials can be seen and are often played outside of television race coverage. Before 2010, when he was replaced by Ben Yannette, Gene Hackman's voice could be heard on many commercial advertisements for Lowe's.[54]

All-American Muslim advertising controversy

Lowe's withdrew its advertising from the TLC reality television show All-American Muslim in December 2011.[55] A spokesperson for Lowe's said that "we understand the program raised concerns, complaints, or issues from multiple sides of the viewer spectrum, which we found after doing research of news articles and blogs covering the show".[55]

Lowe's faced a backlash from several quarters, including Muslim-American and Arab-American organizations. The American-Arab Anti-Discrimination Committee called upon members to contact Lowe's to urge it to reverse its position.[56] The Los Angeles chapter of the Council on American-Islamic Relations met to consider possible actions, including boycotts and protests. Several celebrities also called for a boycott.[57] California State Senator Ted Lieu called Lowe's decision "naked religious bigotry" and said he would consider legislative action if Lowe's did not apologize to Muslim-Americans and reinstate the ads.[58] Abraham Foxman of the Anti-Defamation League expressed similar views.[59] Keith Ellison, the first Muslim elected to the United States Congress, criticized Lowe's decision to "uphold the beliefs of a fringe hate group and not the creed of the First Amendment".[57] Representative John Conyers of Michigan called on Lowe's to apologize. Michigan state representative Rashida Tlaib contacted the company's corporate headquarters, reporting that Lowe's declined to change its decision.[56]

Associated brands

Canada

Lowe's opened its first three stores in Canada on December 10, 2007, in Hamilton, Brampton and Brantford. On February 1, 2008, they opened three more stores in Toronto, East Gwillimbury, and a second store in Brampton as well as a new location in Maple (Vaughan).[61] Lowe's also expanded into western Canada, starting with three new stores in Calgary, Alberta. One of the three locations opened in late September 2010. The other two opened in early 2011. There are now stores in British Columbia, Manitoba and Saskatchewan. To date (2018) Lowe's has 62 locations in Canada. Each store represents an average investment of $20.5 million (US$20.4 million).[62]

In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO.[63]

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.[64]

In 2012, Lowe's attempted to buy Rona, Inc., a Quebec-based hardware chain. However, the deal was met with objections from RONA shareholders (particularly the Caisse de dépôt et placement du Québec) and operators of its franchised locations over concerns that the company could centralize its supply operations in the United States, and was eventually called off.[63] On February 3, 2016, Rona announced that it had accepted an offer to be acquired by Lowe's for CDN$3.2 billion, pending regulatory and shareholder approval. The division would remain under the leadership of Sylvain Prud'homme but would be operated out of Rona's headquarters in Boucherville. Lowe's maintained Rona's retail banners, "key" executives, and the "vast majority of its current employees" post-acquisition.[65]

In February 2020, Lowe's closed 34 lower performance stores, 26 that were under the Rona brand, 6 Lowe's stores, and 2 Réno-Dépôt stores.[66]

In November 2022, Lowe's agreed to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million.[67][68] with the Lowe's stores expected to be rebranded under the Rona brand in the future.[69][68] The sale was completed on February 3, 2023.[70] In July 2023, Rona announced that it would begin to replace Lowe's with the new banner Rona+, beginning with 10 locations in Ontario.[71]

Australia

Trading as Masters Home Improvement, the first store opened in Braybrook, Victoria, to tradesmen on August 31, 2011, and later to the general public. Masters was a joint venture between Lowe's and Woolworths to compete against the Wesfarmers owned Bunnings Warehouse, which operates in the large bigbox format similar to Lowe's and Home Depot.

On 18 January 2016, Woolworths announced that it intended to "either sell or wind up" all its home improvement areas, including the Masters hardware chain. Chairman Gordon Cairns said that it would take years to become profitable and that the ongoing losses could not be sustained. The windup involved Woolworths buying back a 33.3 per cent interest in the venture, held by the Lowe's subsidiary WDR Delaware Corporation. (As of August 2016), all stores were due to cease trading on, or before, December 11, 2016.[citation needed]

Lawsuits

Lowe's was involved in a small cluster of class action lawsuits that revolved around the employee payment system. The cases focused on a pay practice known as "variable rate overtime". Variable-rate overtime has the effect of paying a decreasing overtime rate the more hours a person works in a week. The suits alleged that salaried managers who worked 40 to 50 hours per week were improperly compensated for that time. The variable rate overtime ended in the first quarter of 2006.[citation needed]

The first case was filed in October 2002 by employees of the Lowe's store in Shawnee, Kansas. In September 2005, the cases were certified as a class action. Four similar briefs were filed in New York, Indiana , Pennsylvania, and Ohio. The lawsuits for New York, Indiana, and Kansas resulted in an out-of-court settlement on September 22, 2006.[72] The lawsuit in Pennsylvania became a class-action lawsuit in June 2004, with 550 employees.[73] The case in Ohio was filed by ten former Lowe's employees in August 2004.[74]

Lowe's faced multiple lawsuits from its Loss Prevention Managers citing that they were classified as exempt employees and therefore denied overtime pay. The managers asserted that they were forced to work a minimum of 48 hours per week which saved Lowe's and its investors millions of dollars every year. Lawsuits have been settled for $2.95 million in California and $6.2 million in Texas.[75]

In 2014, Lowe's faced a class-action lawsuit from former and current Human Resource Managers. Similarly to the lawsuit regarding its Loss Prevention Managers, the lawsuit stated that the HR Managers were improperly, and illegally, classified as exempt employees and were, therefore, denied overtime even though they were required to work 48-hour weeks.[76]

See also

References

  1. ↑ "News Release Archive - Site Password". http://lowes.mediaroom.com/index.php?s=history. 
  2. ↑ 2.0 2.1 "Form 10-K". February 1, 2019. https://www.sec.gov/Archives/edgar/data/60667/000006066719000042/form10k_02012019.htm#sC8D8404F4E9C59FE9DECB82AFD2EC099. 
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 "Lowe’s 2022 Annual Report". Lowes. December 31, 2022. https://corporate.lowes.com/sites/lowes-corp/files/2023-04/lowes-2022ar-full-report-4-6-23-final.pdf. 
  4. ↑ 4.0 4.1 4.2 4.3 "2020 Annual Report". https://corporate.lowes.com/sites/lowes-corp/files/annual-report/lowes-2020ar.pdf. 
  5. ↑ "Lowe's" (in en-US). http://beta.fortune.com/fortune500/lowes-47. 
  6. ↑ "Lowe's targets Canada, No. 2 U.S. home retailer plans 420 store openings to tap into expanding, $39 billion market". Toronto Star. Sep 20, 2007. https://www.thestar.com/Business/article/258527. 
  7. ↑ Team, Trefis. "Lowe's vs Home Depot: Home Improvement Or Stock Improvement?" (in en). https://www.forbes.com/sites/greatspeculations/2019/09/10/lowes-vs-home-depot-home-improvement-or-stock-improvement/. 
  8. ↑ Crandall, Richard E.; Crandall, William R.; Chen, Charlie C. (2009) (in en). Principles of Supply Chain Management. Boca Raton, FL: CRC Press. pp. 208. ISBN 978-1-4200-9108-3. 
  9. ↑ Bass, Misty; Earp, Christy; Pena, Jennifer L. (2007) (in en). Wilkes County. Charleston, SC: Arcadia Publishing. pp. 92. ISBN 978-0-7385-5308-5. 
  10. ↑ 10.0 10.1 Williams, Shane. "Lowe's Companies". North Carolina History Project. http://northcarolinahistory.org/encyclopedia/lowes-companies/. 
  11. ↑ 11.0 11.1 "History". http://careers.lowes.com/media/39421/loweshistory.pdf. 
  12. ↑ (in en) Alcorn County, Mississippi: 1870-2002. Turner Publishing Company. 2002. pp. 218. ISBN 978-1-56311-821-0. 
  13. ↑ "Chamber Means Business" (in en). https://www.marshallnewsmessenger.com/business/chamber-means-business/article_84f78376-aa9e-5b50-b4ce-763c0a4c3a25.html. 
  14. ↑ "Company History". https://www.lowesfoods.com/About-Us/Company-History. 
  15. ↑ Upbin, Bruce (20 January 2003). "Work and Buy and Hold". Forbes. https://www.forbes.com/forbes/2003/0120/052sidebar.html. 
  16. ↑ "Carolinas FYI: About Lowe's and Lowes", The Charlotte Observer, March 16, 2003.
  17. ↑ III, Edgar Wachenheim (2022) (in en). Common Stocks and Common Sense: The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor. Hoboken, NJ: John Wiley & Sons. pp. 101. ISBN 978-1-119-91325-2. 
  18. ↑ Staley, Oliver (November 24, 1998). "Home products chain lands Eagle in $1 billion deal". Spokesman-Review ((Spokane, Washington)): p. A1. https://news.google.com/newspapers?id=iWNWAAAAIBAJ&pg=4704%2C3492712. 
  19. ↑ "Company News; Lowe's to Acquire Eagle Hardware and Garden". The New York Times. Associated Press: p. C4. November 24, 1998. https://www.nytimes.com/1998/11/24/business/company-news-lowe-s-to-acquire-eagle-hardware-and-garden.html. 
  20. ↑ "Jobs at" (in en). https://www.theladders.com/company/lowes-jobs. 
  21. ↑ "About Lowe's". Lowe's. http://media.lowes.com/about-lowes//. 
  22. ↑ Howland, Daphne (November 20, 2018). "Lowe's closing Mexico operations". Retail Dive. https://www.retaildive.com/news/lowes-closing-mexico-operations/542688/. 
  23. ↑ Coronado, Sonia (April 10, 2019). "Lowe's dice adiós a México" (in es). El Financiero. https://www.elfinanciero.com.mx/monterrey/cierra-lowes-en-mexico-y-despide-a-su-personal. 
  24. ↑ November 10, Jack Rogers; PM, 2022 at 05:17. "Lowe's Sells Canada Retail Business to Sycamore for $400M". https://www.globest.com/2022/11/10/lowes-sells-canada-retail-business-to-sycamore-for-400m/. 
  25. ↑ Grossman, Matt (2020-08-19). "Lowe's Online Quarterly Sales More Than Doubled". The Wall Street Journal. https://www.wsj.com/articles/lowes-online-quarterly-sales-more-than-doubled-11597835418?mod=business_lead_pos4. 
  26. ↑ "Lowe’s 2021 Annual Report". Lowe’s. December 31, 2021. https://corporate.lowes.com/sites/lowes-corp/files/2022-04/Lowe-2021-Annual-Report.pdf. 
  27. ↑ Coleman, Kali. "Shoppers Are Abandoning Lowe's, New Data Reveals—Here's Why". Galvanized Media. https://bestlifeonline.com/shoppers-abandoning-lowes-2023-news/. 
  28. ↑ "Annual Reports & Proxy Statements". https://corporate.lowes.com/investors/financial-information/annual-reports-proxy-statements. 
  29. ↑ "Stock closing price, LOW". 2020-01-31. https://finance.yahoo.com/quote/LOW/history. 
  30. ↑ "Lowe's Market Cap 2010-2023 | LOW". https://www.macrotrends.net/stocks/charts/LOW/lowes/market-cap. 
  31. ↑ "Lowe's shares rise as retailer announces $10 billion stock buyback, 2019 forecast". https://finance.yahoo.com/news/lowe-apos-shares-rise-retailer-164000844.html. 
  32. ↑ "Lowes layoffs". 13 August 2019. https://www.wtsp.com/article/money/business/as-lowes-cuts-thousands-of-workers-it-buys-back-its-stock/67-29c6dc80-6aac-4fce-85fc-e17fd4c376dc. 
  33. ↑ "Lowe's Revenue 2006-2018". Macrotrends. https://www.macrotrends.net/stocks/charts/LOW/lowes/revenue. Retrieved 2018-10-30. 
  34. ↑ "Fortune 500 Companies 2018: Who Made the List" (in en-US). Fortune. http://fortune.com/fortune500/list/. Retrieved 2018-11-10. 
  35. ↑ "Lowe's adding 200 jobs in Wilkesboro". Wilkes Journal-Patriot. 2017-11-17. http://www.journalpatriot.com/news/lowe-s-adding-jobs-in-wilkesboro/article_3ab26438-cb9e-11e7-a0f8-ab12ae7659ce.html. 
  36. ↑ Peralta, Katherine (2019-06-27). "Lowe's picks South End for tech hub, 2,000 high-paying jobs and a new 23-story tower". The Charlotte Observer. https://www.charlotteobserver.com/news/business/article231952298.html. 
  37. ↑ "Lowe's Becomes First Retailer to Win Energy Star Award for Sustained Excellence in Retail" (Press release). Lowe's Companies. 2010-03-01. Retrieved 2010-03-14 – via Business Wire.
  38. ↑ "Lowe's Launches Forest Protection Initiative". socialfunds.com. 2000-08-11. http://www.socialfunds.com/news/article.cgi/335.html. 
  39. ↑ Butler, Rhett A. (2006-03-23). "Home Depot, Lowe's selling illegal wood from Papua New Guinea-Report". Mongabay. http://news.mongabay.com/2006/0323-png.html. 
  40. ↑ https://content.eiaglobal.org/posts/documents/000/000/406/original/Trading_Merbau_Wood_Flooring_of_Dubious_Origin_.pdf?1468418717[|permanent dead link|dead link}}]
  41. ↑ "Lowe's Wood Policies". https://newsroom.lowes.com/policies/lowes-wood-policy/. 
  42. ↑ 42.0 42.1 42.2 "Corporate-Wide Settlement with Lowe's Protects Public from Lead Pollution During Home Renovations" (in en). 2014-04-17. https://www.justice.gov/opa/pr/corporate-wide-settlement-lowe-s-protects-public-lead-pollution-during-home-renovations. 
  43. ↑ "Civil Filings and Civil Penalties Report". March 6, 2020. http://www.aqmd.gov/docs/default-source/Agendas/Governing-Board/2020/2020-mar6-014.pdf. 
  44. ↑ 44.0 44.1 "Lowe's's Sustainability Report for 2020Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2020CSR__FINAL_ADA.pdf.  Alt URL
  45. ↑ "Lowe's's Sustainability Report for 2020Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2020CSR__FINAL_ADA.pdf.  Alt URL
  46. ↑ "Lowe's's Sustainability Report for 2017Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2017CRReport_FramingOurFuture.pdf.  Alt URL
  47. ↑ "Lowe's's Sustainability Report for 2018Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/lowes-2018cr-report.pdf.  Alt URL
  48. ↑ "Lowe's's Sustainability Report for 2019Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2019CRReport_r2%20Folder_Lowes_2019CRReport_r12.pdf.  Alt URL
  49. ↑ "Lowe's's Sustainability Report for 2020Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2020CSR__FINAL_ADA.pdf.  Alt URL
  50. ↑ "Lowe's's Sustainability Report for 2020Q4". https://corporate.lowes.com/sites/lowes-corp/files/CSR-reports/Lowes_2020CSR__FINAL_ADA.pdf.  Alt URL
  51. ↑ "Lowe's is awarding $55 million in bonuses for hourly workers to fight inflation" (in en). https://www.nbcnews.com/business/business-news/lowes-employee-bonuses-and-bigger-discounts-fight-inflation-rcna43500. 
  52. ↑ Garcia, Tonya (January 22, 2019). "Lowe's is now the official home improvement sponsor of the NFL". MarketWatch. https://www.marketwatch.com/story/lowes-is-now-the-official-home-improvement-sponsor-of-the-nfl-2019-01-22. 
  53. ↑ "Lowe's negotiating naming rights with speedway" (in en). WBTV News. July 31, 2009. http://www.wbtv.com/story/10825179/lowes-negotiating-naming-rights-with-speedway. 
  54. ↑ Elliott, Stuart (28 February 2010). "Lowe's Puts Its Focus on Knowing the Customer's Wants". The New York Times. https://www.nytimes.com/2010/03/01/business/media/01adcol.html?pagewanted=all. 
  55. ↑ 55.0 55.1 Sacirbey, Omar (December 9, 2011). "Companies pull ads from Muslim reality TV show". Huffington Post. http://www.huffingtonpost.com/2011/12/09/companies-ads-all-american-muslim_n_1140066.html. 
  56. ↑ 56.0 56.1 "Muslims consider Lowe's boycott". The Detroit News. http://www.detnews.com/article/20111213/METRO01/112130344/. 
  57. ↑ 57.0 57.1 "Lowe's faces backlash over pulling ads from 'All-American Muslim'". Los Angeles Times. http://www.latimes.com/business/la-fi-lowes-muslim-20111213,0,5909694.story. 
  58. ↑ "Lawmakers Slam Lowe's For Pulling Ads from Muslim-American Reality Show". Fox News. 11 December 2011. http://www.foxnews.com/politics/2011/12/11/california-senator-threatens-boycott-after-lowes-pulls-ads-from-muslim-american/. 
  59. ↑ Headapohl, Jackie (December 19, 2011). "Jewish Groups Rip Lowe's For Pulling Ads". The Jewish News (Detroit). https://thejewishnews.com/2011/12/19/jewish-groups-rip-lowe%E2%80%99s-for-pulling-ads/. 
  60. ↑ 60.0 60.1 Kass, Arielle (10 June 2012). "Private brands an edge for stores". The Atlanta Journal-Constitution 64 (162): pp. D1, D5. https://www.newspapers.com/clip/115631724/private-retail-brands/. 
  61. ↑ "Lowe's Canada Store Locator". http://www.lowes.ca/store_locator.aspx. 
  62. ↑ "Lowe's says Canadian expansion 'on track'". CBC News. September 21, 2006. https://www.cbc.ca/news/business/lowe-s-says-canadian-expansion-on-track-1.603234. 
  63. ↑ 63.0 63.1 "Lowe's taps ex-Loblaws exec Sylvain Prud'homme to head Canadian unit". Financial Post (Toronto). http://business.financialpost.com/executive/lowes-taps-ex-loblaws-exec-to-head-canadian-unit. 
  64. ↑ Carville, Olivia (11 May 2015). "Lowe's to buy 13 Target stores". Toronto Star. https://www.thestar.com/life/health_wellness/2015/05/11/lowes-to-buy-13-target-stores.html. 
  65. ↑ "Lowe's offers $3.2B to take over Canadian rival Rona". CBC News. http://www.cbc.ca/news/business/lowe-s-rona-takeover-1.3431463. 
  66. ↑ "Here are the stores Lowe's is closing in Canada in the new year" (in en-US). https://globalnews.ca/news/6192682/lowes-rona-stores-closing-canada-list/. 
  67. ↑ Rogers, Jack (10 November 2022). "Lowe's Sells Canada Retail Business to Sycamore for $400M". Gloebest.com. https://www.globest.com/sbm-gbst/2022/11/10/lowes-sells-canada-retail-business-to-sycamore-for-400m/?slreturn=20221122170321. 
  68. ↑ 68.0 68.1 van Praet, Nicolas (November 7, 2022). "Lowe's exit from Canadian market signals hardware-sector shakeup". The Globe and Mail. https://www.theglobeandmail.com/business/article-lowes-rona-sycamore-canadian-hardware/. 
  69. ↑ van Praet, Nicolas (3 November 2022). "Hardware giant Lowe's selling Canadian retail operations, including RONA, to private-equity firm". The Globe and Mail. https://www.theglobeandmail.com/business/article-hardware-giant-lowes-selling-canadian-retail-operations-including-rona/. 
  70. ↑ Powell, Mark (February 6, 2023). "Lowe's Completes $400M Sale of Canada Retail Unit to Sycamore". MDM. https://www.mdm.com/news/operations/mergers-acquisitions/lowes-completes-400m-sale-of-canada-retail-unit-to-sycamore/. 
  71. ↑ Toneguzzi, Mario (2023-06-22). "RONA to Convert 10 Lowe's Stores in Ontario to New RONA+ Banner" (in en-US). https://retail-insider.com/retail-insider/2023/06/rona-to-convert-10-lowes-stores-in-ontario-to-new-rona-banner/. 
  72. ↑ Astor, Will (September 30, 2005). "Overtime cases against Lowe's have local roots". American City Business Journals. https://rbj.net/2005/09/30/overtime-cases-against-lowes-have-local-roots/. 
  73. ↑ "Scranton news, sports, obituaries, and shopping - thetimes-tribune.com". Scranton Times-Tribune. http://www.thetimes-tribune.com/site/news.cfm?newsid=14048254&BRD=2185&PAG=461&dept_id=416046&rfi=6. 
  74. ↑ Liability For Back Pay Looms at Lowe's Stores, LawsuitSearch.com, retrieved March 27, 2008
  75. ↑ "Lowe's Hammers Out $6.2M Deal In Managers' OT Case". law360.com. http://www.law360.com/employment/articles/303674/lowe-s-hammers-out-6-2m-deal-in-managers-ot-case. 
  76. ↑ "Lowe's HR Manager Overtime Wage Claim Website - Feldman Morgado, PA". loweshrmanagerflsaclaim.com. http://www.loweshrmanagerflsaclaim.com/. 

External links



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Lowe%27s&oldid=3479935"