Foundation of Lowe's
Lowe's was founded in North Wilkesboro, North Carolina, by Lucius Smith Lowe. Initially, it was a small hardware store serving local customers.
1946
1952
Expansion Begins
Carl Buchan, the brother-in-law of Lucius Lowe, took over the company and began expanding Lowe's, focusing on hardware and building materials.
1961
Public Offering
Lowe's became a publicly traded company, listing its shares on the New York Stock Exchange under the ticker symbol LOW.
1979
First 100 Stores
Lowe's reached the milestone of operating 100 stores across the United States, solidifying its presence as a major home improvement retailer.
1984
Introduction of Major Appliances
Lowe's expanded its product offerings by introducing major appliances, including refrigerators, washers, and dryers, to its stores.
1999
Entry into E-commerce
Lowe's launched its e-commerce website, allowing customers to purchase products online and expanding its reach beyond physical stores.
2007
International Expansion
Lowe's opened its first stores in Canada, marking the beginning of its international expansion.
2011
Acquisition of RONA
Lowe's acquired Canadian home improvement retailer RONA, significantly increasing its market share in Canada.
2015
Lowe's Innovation Labs
Lowe's launched Lowe's Innovation Labs, a division focused on developing new technologies and innovations for the home improvement industry.
2016
Acquisition of Maintenance Supply Headquarters
Lowe's acquired Maintenance Supply Headquarters, a distributor of maintenance, repair, and operations products, to better serve its professional customers.
2018
Leadership Change
Marvin Ellison was appointed as the CEO of Lowe's, bringing new leadership and strategic direction to the company.
2020
COVID-19 Response
Lowe's implemented numerous safety measures in response to the COVID-19 pandemic, including enhanced cleaning protocols and support for frontline workers.
2021
Launch of Lowe's for Pros JobSIGHT
Lowe's introduced Lowe's for Pros JobSIGHT, a video conferencing tool designed to help professionals manage projects remotely.
2022
Expansion of Delivery Services
Lowe's expanded its same-day and next-day delivery services to improve customer convenience and meet increasing demand.
2023
Sustainability Initiatives
Lowe's announced new sustainability initiatives, including commitments to reduce greenhouse gas emissions and increase the use of renewable energy.
2024
Technological Advancements
Lowe's continued to invest in technological advancements, enhancing its digital platforms and in-store technologies to improve customer experience.
