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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.
In 1985, Masco purchased the remaining outstanding stock of Flint & Walling, Inc (after purchasing 30% in 1971 and controlling interest in 1978). In 1986, Masco started a home furnishings division by buying Henredon for $298 million and Drexel Heritage for $356 million.
Near Munshiganj, Bangladesh, a cargo vessel rammed the ferry Hasail from behind, causing it to sink; at least 200 people were killed. [ 330 ] Bulgaria lifted its ban on Radio Free Europe .
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Lowe's announced in August 2018 that it would be closing all Orchard Supply Hardware locations. [190] In November 2018, Lowe's announced that it intended to close 51 stores in North America as part of a plan to improve profitability. [191] Lucky's Market closed all but seven of its stores by February 12, 2020. [192]
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