Lowes company inc which is located in America it is a retail company which is a specialized in its field in home improvement. Lowes is a very old company, started almost 90 years back and now it achieved all on their hard work.
Lowes survey
It has its best trading specialization in NYSE:LOW S&P 100 component and S&P500 component. The company has 2002 number of locations. Overall and the area which are served are Canada, mexico, unites states.
Lowes is the second highest hardware chain in the united states behind the route of home depot. It is also know for the 2nd largest chain in the world. Lowes and its business operates more than 300 home improvement and hardware stores as best brand to be known.
History
In the year 1921 the first lowes store was open in north Wilkesboro, in north Caroline. As Lowe and Buchan were the two persons to hold on the company in the year 1952 Buchanan turn over and split himself from the company as it was expanding taking all over control over the building supply and hardware appliances.
Buchan become a sole trader as he was owning his own firm and that too with a great business mind set. In they year 2018 November lowes announced that 51 under programming will be closed more than 2355 locations.
Corporate affairs (headquarters)
In the year 1998 lowes purchased wills mall in Wilkesboro, north Carolina to make and serve the as the company head quarters. lowes headquarter was maintained in Wilkesboro headquarter where 2400 employees where their.
To expand and to be well published with the maintenance wills invested $10 million in the renovation including food court, coffee, tea, breakfast, health center etc as well as getting entire property in the hand of guardhouse.
Advertising
Lowes have a wide range of advertising area in television and radio commercial.it has a significant number which differs racing inspired commercial which can be often played out television.
Lowes created his name that he came to know for the big exclusive retailer in the field of plans and building materials. In the year 2006 lowes went to step of radio advertising which broadcast both of the new York Yankees.
Law act
Lowes made him involved in small cluster that revolved around the lowes employees payment system. This type of case forced him to pay called “variable rate overtime”.
In the year 2014 lowes faced a critical problem which was class action against the human resource management that means HR recruiter. It was regarding its loss prevention manager.
And they were illegally classified as exempt employees and they need to work 48 hours which was denied by the employees to work called as a overtime exertion.
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Conclusion
To run any business overcoming with ups and downs is a main part to get successful same way to conclude with this topic is to get something out of it related sole trading and a partnership.
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