- Lowe’s says it can be the world’s 2nd biggest household-improvement retailer by net income.
- Business enterprise Insider reviewed the company’s filings with the US Securities and Exchange Commission to get a improved sense of its dimension.
- From the dimension of its workforce to the quantity of its outlets, right here are a number of thoughts-blowing details about Lowe’s.
- Go to Business enterprise Insider’s homepage for extra stories.
Lowe’s initial arrived on the scene almost 70 many years in the past in North Carolina, and because then it can be grown into a important contender in the globe of household improvement.
To get a improved sense of the company’s all round scale, Business enterprise Insider not too long ago examined the company’s most current yearly filings with the US Securities and Exchange Commission.
Study extra: How Lowe’s CEO Marvin Ellison went from building $four.35 an hour as a Target protection guard to operating the 2nd greatest household-improvement retailer in the US
We had been in a position to select out some fascinating numbers and stats from the money filings that highlight the company’s dimension. Right here are a handful of stats that supply a clearer glimpse at just how massive Lowe’s actually is:
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Lowe’s initial launched in 1952 and went public 9 many years later on.
Lowe’s boasts two,015 outlets in complete …
… with one,723 outlets across the United States, 279 Canadian spots, and 13 quickly-to-be closed outlets in Mexico, as of February one, 2019.
Individuals outlets consider up a complete of 209 million square feet of room, altogether.
And Lowe’s says that its US-primarily based outlets “average approximately 112,000 square feet of retail selling space,” with an extra “32,000 square feet of outdoor garden center selling space.”
Most Lowe’s have up to 34,000 diverse solutions.
As of February 2019, Lowe’s boasted a workforce of “190,000 full-time and 110,000 part-time employees.”
Lowe’s and its namesake basis have pledged to invest $350 million in diverse communities by 2025.