Home Depot is one of the largest home improvement retail stores in the United States. It has been around for decades and most of the population prefers to shop here for all their home décor needs. To know Is Home Depot own Lowe’s? keep reading the article.
Lowe’s is another large home retail store in the U.S. It is considered Home Depot’s main rival in the home improvement sector. There are barely any differences between Lowe’s and Home Depot, so much that many wonder whether the two stores are related and if Lowe’s is a subsidiary of Home Depot. Well, let us look at what we found out after looking in on the subject.
Home Depot does not own or have any relationship with Lowe’s. Home Depot is a publicly-trading company. The same goes for Lowe’. Neither of these stores is privately owned since their shares can be purchased via the American stock market. They are both owned by Shareholders, controlled by a Board of Directors and their CEOs. Even though they have no direct relationship, both Home Depot and Lowe’s do have subsidiaries under them.
Now that you know that the two stores have no relationship other than being one another’s competitors, let us look at each store individually.
Who owns Lowe’s?
Lowe’s is owned by a group of shareholders. Each Shareholder has a percentage of shares owned in the company.
The shareholders with the highest percentages of stakes are Vanguard Group, Inc. which has an 8.30% stake in Lowe’s and S SgA Funds Management, Inc. which has a 4.54% stake.
BlackRock Fund Advisors follows with a 4.52% stake of the company and then Fidelity Management & Research Co. which has a 3.28% stake.
JPMorgan Investment Management Inc. comes in at number 5 with a 1.90% stake in Lowe’s. There are other shareholders, but the above is the first five with major, controlling shares of the company.
Facts about Lowe’s
- Lowe’s was created by Lucius Smith Lowe. This was in the year 1921.
- The company headquarters is situated in Mooresville, North Carolina.
- Lowe’s became a publicly-trading company in the year 1979.
- Currently, over 1900 stores are employing over 300 000 people.
Lowe’s Subsidiaries
The following is a list of all Lowe’s subsidiaries.
- Rona – a home improvement store. This brand sells construction products and all related services.
- Lowe’s Companies Canada, ULC – Lowe’s home improvement stores based in Canada.
- LG Sourcing – This is an import and exporting company that focuses on tools and home improvement items.
- Orchard Supply Hardware – This is a retail store with home improvement and gardening equipment.
- Réno-Dépôt – A store that stocks all renovation and home hardware products.
- Lowe’s Companies Mexico – Lowe’s stores in Mexico.
- ATG Stores – An e-commerce store supplying all home décor items.
- Lowe’s Home Centres Inc.
- Allied Trade Group, Inc. – These retailers offer all electronic homeware items.
- Maintenance Supply Headquarters – These stores offer products and services for all maintenance needs for home improvements.
- Concord communities – This is a housing developer and an investor as well.
- LF Corporation – A brand that focuses on all fashion clothing items.
- Lowe’s HIW Inc. – This company stores sell every home building item.
- Sterling Advertising Ltd – This brand focuses on all advertising services and products.
- Lowe’s Companies, ESOP
- Lowe’s Services India Private limited
- Lci Insurance Ltd
Facts about Home Depot
The backstory behind Home Depot is that it was designed with the hopes of being the largest home improvement retailer in the United States.
- The first Home Depot store was founded in 1978. This was by Bernie Marcus and, Arthur Blank.
- The company headquarters is situated in Atlanta, U.S.
- Home Depot became a publicly-traded company in the year 1981.
- Currently, there are over 2300 Home Depot stores located throughout the U.S.
Subsidiaries to Home Depot
Home Depot may not own Lowe’s but there are 6 stores that it has bought out over the years. They have been listed below.
- The Company Store – This is an online retail store that sells all home décor items as well as textiles. It was bought out by Home Depot Inc in the year 2017.
- Compact Power Equipment – These stores offer equipment that you could rent. The store also offers maintenance services. The store was bought out by Home Depot in the year 2017.
- Blinds.com – This retail store operates online. It stocks all window covering items. The store was bought out by Home Depot in the year 2014.
- Interline Brands Inc. – This is a store that focuses on providing to its customers, all sorts of building materials. The store was bought out by Home Depot in the year 2015.
- Red Beacon – This is an online store that offers home improvement services. It was bought out by Home Depot in the year 2012.
- HD Supply – This wholesaler distributes all maintenance, repair, and operations (MRO) products.
Conclusion
Home Depot does not own Lowe’s. The only relationship between both Lowe’s and Home Depot is that they are major rivals in the home improvement sector.
Home Depot and Lowe’s are both publicly traded companies. They are both owned by a different set of Shareholders. However, both companies do have subsidiaries under them.
