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The first Lowe's store, Mr. L.S. Lowe's 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.
As of August 2016, 14 Lowes Foods stores had fuel stations. Lowes Foods offered a five-cent discount per gallon of gas with each $100 spent inside the store (excl. alcohol and gift card purchases) which was redeemable at Lowes Foods fuel stations or any participating Speedway or WilcoHess locations in North and South Carolina. [8] [9]
In 2011, the company acquired Ruud Lighting for $525 million. [8] In August 2011, the company announced the XLamp XT-E Royal Blue LED for use in remote phosphor lighting. [9] In 2013, the company's first consumer products, two household LED bulbs, qualified for Energy Star rating by the United States Environmental Protection Agency. [10]
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