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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.
Lowe's Market traces its history to E.M. "Bud" Lowe who sold candy and sundries from the back of a truck in Littlefield, Texas in the 1940s. [2] In 1964, Bud Lowe opened the first Lowe's Market, a small grocery store, in Olton, Texas. The company began the process of gradual expansion into small and medium-sized towns in Texas and New Mexico.
As of August 2016, 14 Lowes Foods stores had fuel stations. Lowes Foods offered a five-cent discount per gallon of gas with each $100 spent inside the store (excl. alcohol and gift card purchases) which was redeemable at Lowes Foods fuel stations or any participating Speedway or WilcoHess locations in North and South Carolina. [8] [9]
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Shares of Lowe's are up 20% year to date, compared to the S&P 500's 24% gain, according to Yahoo Finance Data. Rival Home Depot is up 17% in 2024. Rival Home Depot is up 17% in 2024.
The term "warded lock" refers to the lock mechanism, while the term "mortise lock" refers to the bolt location. Warded locks contain a series of static obstructions, or wards, within the lock box; only a key with cutouts to match the obstructions will be able to turn freely in the lock and open the latch. [4]
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