Headquarters: 1000 Lowe's Blvd.
Lowe's is the nation's second-largest chain of home-improvement stores serving both retail and professional customers.
Founded in 1946 in Mooresville, NC, Lowe’s operates 2,240 stores in the United States, Canada and Mexico representing 214.9 million square feet of retail selling space. Lowe's sells everything from lighting fixtures to hardware, appliances and garden supplies. Each store averages 112,000 square feet and stocks 37,000 products and more than 500,000 products are available by special order.
Lowe's offers more than 50 interior and exterior installation services, such as appliances, flooring and blinds; and extended protection plans, repair services, and credit financing.
Marvin Ellison became the new CEO of Lowe's in 2018.
In 2017, Lowe's reported revenues of $68.6 billion and net earnings were $3.4 billion. Comparable sales increased 4%.
The company's main units are Stores, Distribution Centers and Corporate. Approximately 92% of Lowe's employees are located in Stores, 6% are at Distribution Centers and 2% are at Corporate locations. About 75% of all jobs are full-time positions.
Lowe's announced in November it would close 20 underperforming stores including its two stores in Manhattan, NY.
The company closed all 99 Orchard Supply hardware stores in California, Oregon and Florida at the end of 2018.
Lowe's 401(k) Plan
After one year of service the company matches the first 1% you save each pay period at 100%. Savings above 1%, up to 6% of compensation, will be matched at 25%. Immediate vesting.
New Year's Day
Full-time employees will receive eight hours holiday pay and part-time employees will receive four hours holiday pay for each scheduled holiday. Hourly employees who are required to work on a holiday will receive holiday pay plus regular pay for the holiday; salaried employees who work on a holiday will be given another day off with pay.
Basic Sick Pay
Employee Purchase of Company Products
Updated January 3, 2019