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Lorentzen introduced standardization, vertical integration, metal manufacturing and assembly lines to the window blinds industry. [4] In 1993, Levolor was acquired by Newell (known today as Newell Brands). [5] In July 2016, Levolor was sold to Hunter Douglas, a Dutch custom window blind manufacturer, for US$260 million. [6]
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.
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.
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Lowe's, a big box home improvement chain; Lowe's Canada, former Canadian division of Lowe's; Lowes Foods, an American grocery store chain; Lowes Menswear, an Australian menswear chain; Lowe's Market, a regional supermarket chain with locations in Texas, New Mexico, Colorado, and Arizona