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 2,152 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.
The company also operates 87 Orchard Supply hardware stores in California, Oregon and Florida.
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.
The company announced in March that CEO Robert Niblock will retire from the company once a successor is found.
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.
The company plans to give over 260,000 hourly employees a one-time bonus up to $1,000 and improved benefits including 10 weeks paid maternity leave and 2 weeks paid parental leave.
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 March 28, 2018