2. Past
• Founded in 1921 in North Wilkesboro, North Carolina as a general
store.
• 1950’s: Expansion throughout North Carolina
• 1960’s: Becomes publicly traded company
• 1970’s & 80’s: Housing Boom & relationship with builders lead to
Record profits
• 1990’s: “Modern” Lowe’s- larger stores, more retail space
3. Present
• 2nd largest Home Improvement Retail chain behind Home Depot
• 1,745 stores
• Going International
• 2007-First store opened in Canada
• 2010-First Mexican store opened
• Market Saturation
• Wal-Mart, True Value, “Mom & Pop” stores
4. Future
• Heavily linked to Economy
• Housing Market
• Unemployment rates
• International expansion
• 150 Stores planned for Australia within next 5 years
• Evolution & Adaptation to business environment
• Social Media & Smartphone Apps
