Business_news See what Lowe’s looked like when the home-improvement giant first opened (LOW)
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Courtesy of Lowe’s
- Lowe’s can trace its roots back to 1921.
- That’s when a businessman named Lucian Lowe founded North Wilkesboro Hardware in Wilkesboro, North Carolina.
- Lowe’s son, Jim, and son-in-law, Carl Buchan, would later run the business together.
- Buchan would eventually spin off the company’s hardware business in order to kick off the modern-day Lowe’s.
- Visit business Insider’s homepage for more stories.
Lowe’s is a mainstay for customers tackling home-improvement projects.
The North Carolina-based chain may be one of the largest home-improvement retailers in the world. But the business actually got its start as a single general store.
That small-town model eventually gave way to a larger regional chain of hardware stores, and as the company grew it began to take on more of the look of the modern-day Lowe’s.
Here’s a peek at what Lowe’s stores looked like back in the day:
Business_news The company’s executive team — Leonard Herring, Pete Kulynych, Joe Reinhardt, John Walker, and Bob Strickland — enacted a profit-sharing plan to allow the employees to own the company.
Courtesy of Lowe’s
Source:Business Insider, “Make It New: Essays in the History of American business,” “Principles of Supply Chain Management,” Business North Carolina,Wilkes Journal Patriot,Lowe’s, The New York Times,Crunchbase
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