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The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] . After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe for $4,200, [9] that same year.
Jan 10, 2024 · In 1921, Lucius Smith Lowe established the first Lowe's store in North Wilkesboro, North Carolina—a small general store selling an array of products from hardware and building materials to sewing notions and groceries.
Aug 19, 2019 · Ric Feld/AP Images. Lowe's boasts a long history, tracing its roots back to a single general store in North Wilkesboro, North Carolina. Business Insider took a look back at the company's history ...
The first ever Lowes store was founded in the year 1921 by Lucius Smith Lowe in North Wilkesboro. After his demise in the year 1940, his daughter Ruth inherited the hardware store, which she went on to sell of to her brother Jim. Jim further went on to partner in Carl Buchan.
Written By Shane Williams. Lowe’s was founded in 1921 by Lucius Lowe in Wilkesboro, North Carolina, as a small hardware store. Lowe died in 1940 and the business was sold to his brother Jim Lowe. In 1943, Lucius Lowe’s son in law, H. Carl Buchan became his partner.
Lowe’s Goes Public. Lowe’s becomes a publicly-traded company on October 10, 1961. Roughly 400,000 shares are sold at $12.25 per share on the first day of trading.
1921 — Beginnings. Lucius Smith Lowe, a farmer and former rural mail carrier, opens the first Lowe's store in his hometown of North Wilkesboro, North Carolina. The small town hardware store is named North Wilkesboro Hardware and initially sells overalls, work shirts, fertilizer and other farming supplies. .
