Lowe’s

Lowe’s is a nationally recognized home improvement retailer that operates independently and is publicly traded on the New York Stock Exchange. The company began in 1921 as a single hardware store in North Wilkesboro, North Carolina, and has grown into one of the largest retail chains in its sector. A significant milestone in its history was the strategic exit from the Canadian market in early 2023, allowing Lowe’s to sharpen its focus on the United States.

As of November 2025, Lowe’s runs approximately 1,700 stores across the country. The company’s footprint spans suburban, exurban, and increasingly urban infill locations, reflecting its approach to expansion in high-growth regions such as Texas, Florida, the Southeast, the Mid-Atlantic, and the Mountain West. Over the past five years, Lowe’s has evolved by relocating underperforming stores, opening new locations, and investing heavily in supply chain infrastructure and e-commerce fulfillment centers. These moves support its omnichannel strategy, which blends physical retail with digital capabilities to meet changing consumer expectations.

Lowe’s serves a broad customer base, including both do-it-yourself shoppers and professional contractors, with a wide selection of building materials, appliances, tools, and seasonal goods. The company has also enhanced its installation and project support services, helping customers complete home improvement projects from start to finish. Leadership under President and CEO Marvin Ellison since 2018 has emphasized operational efficiency and technology upgrades, positioning Lowe’s for continued growth.

For landlords, brokers, and developers, Lowe’s stands out for its commitment to large-format retail and its consistent interest in new development opportunities and strategic relocations. The company’s scale, financial stability, and active pursuit of expansion make it a reliable anchor tenant in a competitive market. Real estate decisions are managed at the executive level, reflecting a centralized and disciplined approach to site selection and portfolio management.