Lowes Facts
Lowes is a United States-based chain of home improvement and major appliance retail stores. Founded in 1946 in North Wilkesboro, North Carolina, the chain now operates (as of 2004) over 950 stores in 45 states and is number 50 on the Fortune 500 list. The chain is based in Mooresville, North Carolina, which is about 30 minutes north of downtown Charlotte.
Lowes has attempted to position themselves as a more consumer-friendly alternative to their primary rival, The Home Depot. Some of their advertisements have attempted to portray The Home Depot as an intimidating warehouse that caters to contractors and not consumers.
Lowes Leadership
Robert A. Niblock, Chief Executive Officer
Lowes Board of Directors
Current members of the board of directors of Lowes are: Robert A. Niblock, Leonard L. Berry, Peter C. Browning, Paul Fulton, Dawn E. Hudson, Robert A. Ingram, Robert L.Johnson, Marshall O. Larsen, Richard K. Lochridge, Stephen F. Page, O. Temple Sloan Jr.
Lowes Vision Statement
To be our Customers’ first choice for home improvement in each and every market we serve. To earn our Customers’ trust and meet their individual needs, we will provide valued solutions with the best prices, products and services that make our Customers’ lives easier.
Lowes Distinctions
In 2005, Lowe’s earned several notable industry distinctions, including:
- Ranked 43 on the FORTUNE 500
- Named 2003, 2004 and 2005 ENERGY STAR Retail Partner of the Year
- Operates more than 1,150 stores in 49 states
Lowes Major Sponorship
Lowes has purchased naming rights of Lowe’s Motor Speedway (formerly Charlotte Motor Speedway) in Concord, North Carolina, which is home to several auto racing events annually. The corporation also sponsors NASCAR driver Jimmie Johnson, who drives for Hendrick Motorsports.
