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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.
Shares of Lowe's are up 20% year to date, compared to the S&P 500's 24% gain, according to Yahoo Finance Data. Rival Home Depot is up 17% in 2024. Rival Home Depot is up 17% in 2024.
In November 2022, Lowe's agreed to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million, including the Lowe's locations and Rona's banners. [13] [14] It was stated that the Lowe's brand would be discontinued and replaced with Rona. [15] [14] The sale was completed on February 3, 2023. [16] On July 27, 2023 ...
Lowe’s is scaling back some of its diversity initiatives, becoming one of the largest companies yet to make such an about-face as activist pressure mounts. Lowe's becomes latest company to scrap ...
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