Is Lowe's Going Out Of Business 2024?

About Lowe's

Lowe's is an American retail company that specilizes in home improvement. It is the second largest hardware chain in the United States after its opponent, The Home Depot.

About Lowe's

The company was founded in 1921 by Lucius Smith. After his death teh comapny was passed on to his daughter, then her brother and finally to the the brother-in-law.

Who Owns Lowe's Now?

Lowe's is now a publicly-traded company, which means that it owned by diverse group of investors. These investors comprised of institutions, individual investors and company insiders.

Top Shareholders Of Lowe's

1. Vanguard Group Inc 2. Blackrock Inc 3. State Street Corporation 4. JP Morgan & Chase 5. FMR, LLC

Revenue Of Lowe's 

2015: $56,223 million 2016: $65,017 million 2017: $68,619 million 2018: $71,309 million 2019: $72,148 million

Net Income Of Lowe's 

2015: $2,682 million 2016: $3,093 million 2017: $3,447 million 2018: $2,314 million 2019: $4,281 million

Lowe's Recent Closures

Lowe's was fored to close 51 underperforming stores in the United States and North America. However, this was rather a smart and startegic move as all the stores that are closed lacked in either sales or productivity.

Is Lowe's Going Out Of Business?

Lowe's has closed ,any underperforming stores but this doesn't mean that it is closing its entire empire.