Who is Lowe’s Companies, Inc.?
Lowe’s Companies, Inc. is an American retailer whose core business involves home improvements and homeware. Its headquarters is located in Mooresville, North Carolina. Lowe’s has a large chain of retail stores located in the United States of America and Canada. It was the year 1946 when H. Carl Buchan founded Lowe’s Companies, Inc., initially, a small hardware store, Lowe’s made to the Fortune’s Top 50 All-Star list of the ‘‘World’s Most Admired Companies” ranking No.47. It is the second-largest hardware chain in the United States as well as in the world. It has a huge customer base, serving approximately twenty million customers every week in the United States and Canada. Lowe’s offers to create safe and affordable houses and also to develop competitive skilled personnel.
Who are the shareholders of Lowe’s?
In 1961, Lowe’s became a Public Company. This means that their shares are listed and traded on a stock exchange. Lowe’s was listed on the New York Stock Exchange and began trading in 1979. A majority shareholder possesses more than 50% of a company’s stock share, giving them controlling rights over the corporation.
The top ten shareholders of Lowe’s included The Vanguard Group, Inc is the largest owner of Lowe’s with a stake of 8.24%, followed by BlackRock Fund Advisors (4.47%), SSgA Funds Management, Inc. (4.35%), Fidelity Management & Research Co. (3.17%), JPMorgan Investment Management Incorporation (2.10%), Geode Capital Management LLC (1.68%), Pershing Square Capital Management (1.54%), Wells Fargo Clearing Services LLC (1.36%), Northern Trust Investments, Inc. (1.24%) and Norges Bank Investment Management (1.02%).
What is a Walmart?
Walmart is an American multinational retail corporation with over 5,250 stores in 22 countries as of 30 April 2022. The company was founded by Sam Walton in 1962 and focuses on achieving economies of scale through its low prices. Walmart has expanded rapidly with mammoth growth, reaching 5,250 stores outside the United States of America as of 30 April 2022. ..
Who are the major shareholders of Walmart?
Walmart, the largest retailer in the world, is owned by the Walton family. The Walton family owns 50.1% of Walmart’s common stock, giving them majority ownership and control over the company. Three institutional investors - Walton Enterprises LLC, Walton Family Holdings Trust, and The Vanguard Group Inc. - own 35%, 15%, and 4.37% of Walmart’s total outstanding shares respectively. ..
Do Walmart and Lowe’s sell the same range of products and services?
Walmart sells a wide range of items ranging from grocery to non-grocery items, baked goods, frozen goods, fresh seafood, meat and poultry, cleaning products, pet supplies, general merchandise, home improvements and homeware. Lowe’s focuses on home improvements and homeware which is just a segment of Walmart. although Walmart sells fewer products and services specializing in home improvements and homeware in comparison to Lowe’s. Thus, Walmart targets a broad market owned whereas Lowe’s caters to a narrow focused market i.e., home improvements and homeware
Do Lowe’s and Walmart offer the same services when it comes to home improvements and homeware?
Walmart does not offer services related to home improvements, such as flooring, fencing, renovation, remodelling, furniture, appliances, tools, outdoor power equipment, patio furniture, ceiling fans, lighting, grills or bathroom-related equipment. Customers can purchase these items and services from Lowe’s.
Conclusion:
Walmart is a large retailer, and Lowe’s is a small, independent retailer. Walmart has been buying a majority of the shares in Lowe’s, and it is possible that Lowe’s may be owned by Walmart.
Walmart and Lowe’s are two different types of retailers. Walmart offers a wider range of products and services for different segments, and products that are similar to or substitutes for the products offered by Lowe’s. Lowe’s is more specialized when it comes to home improvements and homeware.
Walmart does not own Lowe’s Companies, Inc. Lowe’s is a Public Company with no one holding more than 50% of the total share capital. When it comes to home improvements and homeware products and services, Walmart and Lowe’s are considered to be competitors of each other.
