How would you rate your experience with Lowe's ?
Lowe's Corporate Office AddressLowe's Companies, Inc.
Mooresville, NC 28117
Contact Lowe'sPhone Number: (704) 758-1000
Fax Number: (704) 758-4766
Email: Email Lowe's
FactsFounder: Lucius Smith Lowe
Date Founded: 1921
Founding Location: North Wilkesboro, NC
Number of Employees: 290000
ExecutivesCEO: Robert A. Niblock
CFO: Robert F. Hull Jr.
COO: Rick D. Damron
Lowe’s was originally founded in 1921 by Lucious Lowe in the form of Lowe’s North Wilkesboro Hardware in Wilkesboro, NC. Lucious died in 1940 and the business was inherited by his daugher, Ruth. Ruth sold the business to her brother Jim the same year. Jim and Ruth’s husband, Carl Buchan, became partners in the venture after serving in World War II (1943). Under Carl’s leadership, the store prospered.
A second location was opened in Sparta, NC in 1949. Carl and Jim never saw eye-to-eye on many things and made a split in 1952. Carl became the sole owner of Lowe’s.
Under Carl, the business expanded rapidly, opening 3 additional stores in Asheville, Charlotte and Durham in 1955. The company continued to expand during the rest of the 1950’s.
Carl died in 1960. His 5 man executive team decided to take Lowe’s public in 1961. By 1962, there were 21 locations.
Lowe’s continued to expand and today has over 1700 stores in the US and is also expanding into Canada, Mexico and Australia.
Lowe’s is currently the second largest hardware retailer in the US behind Home Depot. Their corporate office is located in Mooresville, NC.