Lowe's

Lowe's

About Lowe's

Simplify's Rating
Why Lowe's is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Industrial & Manufacturing

Consumer Software

Consumer Goods

Company Size

10,001+

Company Stage

IPO

Total Funding

$136.1M

Headquarters

Mooresville, North Carolina

Founded

1946

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Lowe's plans to open four online fulfillment centers to improve delivery efficiency.
  • The DIY movement's growth increases demand for Lowe's tools and materials.
  • Augmented reality in retail enhances Lowe's customer shopping experience.

What critics are saying

  • Increased competition from Home Depot may impact Lowe's market share.
  • E-commerce demands could strain Lowe's logistics and warehouse capabilities.
  • Expansion into tool rentals requires significant investment and operational changes.

What makes Lowe's unique

  • Lowe's is enhancing its e-commerce platform, boosting online sales by 135%.
  • The company is launching a 'Season of Savings' to attract budget-conscious consumers.
  • Lowe's sponsorship at New York Fashion Week builds a unique brand image.

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Funding

Total Funding

$136.1M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

Performance Bonus

Company News

The Star
Mar 8th, 2022
Lowe's Companies, Inc. increased headcount by 1900 on Mar 10th 22'.

The company is holding a provincial hiring fair March 10, 11 and 12 from 9 a.m. to 4 p.m. Lowe’s is looking to hire more than 1,900 workers across Ontario.

The Ultimate Retail Course
Mar 6th, 2022
Lowe's Companies, Inc. launched Aging in Place Program called, on Nov 1st 21'.

They are: Always on the cutting edge, In November 2021, Lowes launched their Aging in Place Program called ," which will offer expert services and age-friendly, universal design products, with a range of styles and budgets.

ToolGuyd
Mar 1st, 2022
Lowe's Companies, Inc. launched updates to military discount and appliance returns policies on Mar 9th 22'.

According to the reports, Lowe’s is rolling out updates to their military discount and appliance returns policies on March 9th, 2022.

RIS News
Feb 28th, 2022
Lowe's Companies, Inc. launched same-delivery of DIY products on Jan 28th 22'.

Additionally, Lowe’s recently launched same-delivery of DIY products via a partnership with Instacart.

Chain Store Age
Feb 23rd, 2022
Lowe's partners with Instacart, Inc.

Lowe’s is offering one-hour delivery with Instacart in select markets.

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