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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.
The Buchans moved to Wilkesboro during the 1940s to co-manage the store with Jim after he came home. [2] In 1952, after differences with Jim, Buchan bought the business out and became sole owner of Lowe's Hardware. [3] Buchan's vision for Lowe's was ambitious early on. He wanted to transform it into a chain of hardware stores. [6]
Lowes Foods started in 1954 in Wilkesboro, North Carolina, with a single store opened by Jim Lowe (former co-owner of what became Lowe's Home Improvement Warehouse, and son of its founder). Lowe sold that store to J. C. Faw. Expansion in Wilkesboro and the mountain regions of North Carolina shortly followed. [2]
Lowe's Home Improvement Warehouse, the nation's second-largest chain of home-improvement stores, was started in North Wilkesboro in 1946. [7] Like many small towns and cities in rural North Carolina, North Wilkesboro has suffered since 2000 from the closing of nearly all of its textile and furniture factories, which have moved to low-wage ...
James Lucius Lowe (1918–1965), Founder of Lowes Foods, son of Lucius Smith Lowe, Co-Owner of Lowe's Home Improvement. Ruth Lowe Buchan (1912–1994), Daughter of Lucius Smith Lowe and sister of James Lowe, After her father died in 1940 she inherited the North Wilkesboro Hardware store, who sold the company to her brother James Lowe that same ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...