Lowe's Companies, Inc. is a
U.S.-based chain of
retail home improvement and
appliance stores that has retail stores in the United States, Canada, and Mexico. Founded in 1946 in
North Wilkesboro, North Carolina, the chain now serves more than 14 million customers a week in its 1,710 stores in the United States and 20 in
Canada. Expansion into Canada began in 2007, with the opening of a store in
Hamilton, Ontario, in early 2008. Lowe's started the construction of two stores in the Mexican city of
Monterrey officially entering the Mexican market.
In 2011, Lowe's released plans to build over 150 stores in Australia over the coming five years, hoping to compete with the AUD$46 billion industry. Lowe's Companies, Inc. is 43 on the
Fortune 500 list. As of 2010, the chain is based in Mooresville, North Carolina. Lowe's is the second-largest hardware chain
in the U.S. behind
The Home Depot and ahead of
Menards. Globally, Lowe's is also the second-largest hardware chain, again behind The Home Depot and ahead of the
European stores
B&Q and
OBI.
Loading More Stories
