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Lowe’s (LOW) Delivered Strong Results For 2020 Q4 Lowe’s Companies Inc. (NYSE:LOW)’s history dates back to 1921 when founder Lucius Smith Lowe opened a hardware store in a small town located in North Carolina. The company improved its merchandise offerings and opened hundreds of stores over the years to become the world’s second-biggest home improvement retailer. Today, it operates 1,974 stores across the U.S. and Canada, on top of 230 stores operated by dealers. Mooresville, North Carolina-based Lowe’s benefitted from increased consumer spending on home improvement projects during the covid-19 pandemic in 2020. The lockdown restrictions forced the working community and students to work from home. Many of them had to spend money to transform their homes in order to work efficiently during the lockdown period. Being the second-biggest player in the home-improvement industry, Lowe’s capitalized on the trend, with 2020 sales reaching $90 billion.

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