Who Was The Founder Of Lowes Home Improvement
Lowe’s Home Improvement is the second-largest home improvement chain in North America. It was started in 1921 by Lucius S. Lowe and was passed on to his daughter who sold it to her brother Jim and her Husband Carl Buchan who really took over the store after the war in 1943.
He mainly focused on building materials and hardware and opened up a second store in 1949 in North Carolina. Because Jim and Carl has some major differences in how to grow and expand the company they decided to split in 1952 with Carl Buchan becoming the sole author of the hardware business and Jim took control of some joint ventures and two other companies that they control.
By 1955 three more stores had been at that to the expanding chain and more stores opened during the 1950s. Unfortunately in 1960 Carl Buchan died only 44 years old from a heart attack. In 1961 and management executive team and have been in place took the company public and in 1962 Lowe’s was now operating 21 stores in turning over an estimated annual revenue of $32 million.
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June 6, 2009 | DIY News
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