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Does Walmart Own Lowe’S In 2022? (Not What You’D Think)
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Formerly |
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Type |
Public |
ISIN |
US9311421039 |
Industry |
Retail |
Founded |
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Founder |
Sam Walton |
Headquarters |
,
U.S.
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Number of locations
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10,593 stores worldwide (January 31, 2022) [2] [3] |
Area served
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Worldwide |
Key people
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Products |
Supermarket , Hypermarket , Superstore , Convenience shop |
Services | |
Revenue |
US$ 559.2 billion (2020) [4] |
US$22.55 billion (2020) [4] |
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US$13.70 billion (2020) [4] |
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Total assets |
US$252.5 billion (2020) [4] |
Total equity |
US$87.53 billion (2020) [4] |
Owner |
Walton family (50.85%) [5] |
Number of employees
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2,300,000 (Jan. 2021) [4] U.S.: 1,600,000 |
Divisions |
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Subsidiaries |
List of subsidiaries |
Website |
walmart.com |
Footnotes / references [6] [7] [8] |
Walmart is well-known both for the wide selection of affordable home improvement products it offers and its ownership stake in several other brands within the US.
Walmart to Own Lowe’s by 2022
Walmart does not own Lowes as of 2022. Lowes Inc. is a publicly-traded company without a majority shareholder, and Walmart owns no shares in the company. Walmart has other brands and discount chains across the US.
If that is true, then who owns Lowes shops? For more details on Lowes biggest shareholders, competition with Walmart and the other companies Walmart holds majority ownership, read on.
Who Owns Lowes?
Lowes, a publicly traded company does not have majority shareholders. Since 2020, the Vanguard Group Inc. has owned the largest share of Lowes stock.
The company has 8.5% stock ownership, but they don’t hold any controlling interest.
Walmart still holds 50% ownership by the Waltons who started it. As such, the Walton family still retains majority ownership of the brand and its subsidiaries.
Is Lowes As Big As Walmart?
Lowes doesn’t have as many customers as Walmart. Because it only focuses its merchandise on home improvement products, Lowes has a much smaller range of merchandise.
Meanwhile, Walmart sells a wide range of discount groceries and other items. Home improvement products are just one part of Walmart’s remit.
Walmart has more than 10500 shops, clubs and brands in 24 countries.
Lowes, however, has just 1,727 locations across the US, and around 60 in Canada.
Lowes still has its own hardware store, but it is not as large as Walmart.
Are there similar products that Walmart and Lowes offer?
Walmart and Lowes both sell quality home improvements at a great price.
But, as one of America’s leading hardware stores, Lowes can offer consumers a much wider range of items and equipment.
Lowes sells grills and patio furniture as well as tools.
Lowes offers customers a wider selection of products and services.
Lowes offers services that Walmart doesn’t.
Lowes has a range of services available that Walmart cannot. Lowes Kitchen Design Tool, for example, can be used to help customers remodel their kitchens.
Lowes has the ability to also install their countertops, cabinets, and fixtures.
Lowes can also provide flooring, window, or fencing installation.
Walmart has what other companies do they own?
Even though Walmart does not own Lowes, the company does own a large number of other brands in the US and beyond.
It has become one of the largest companies in the world in terms sales.
Walmart owns the most American brands, with the highest share in America, which includes Walmart Supercenters (and its Discount Stores), Neighborhood Markets, as well as Walmart Supercenters. Additionally, Walmart owns:
Walmart is also home to large discount chain stores around the world.
If you are looking to learn more, you can see our related posts on whether or not Walmart owns Costco, if Walmart is owned by China, and if Walmart owns Walgreens.
Conclusion: Walmart owns Lowes
Walmart has a large number of brands in the US, and internationally. However, it doesn’t own Lowes. While the company trades publicly, Lowes is not a major shareholder. Walmart owns no shares.
Lowes does not work with Walmart. It can even be considered to compete with Walmart in the homeware/home improvement market, given its wide range of products and services.
Who Is Lowes Owned By?
Lowe’s becomes a nationally recognized chain and Carl Buchan, who was previously the joint owner with Jim Lowe, is now its sole owner. The Lowes’ name however remains.
Walmart has Home Depot or Lowes.
As of 2022, Walmart doesn’t own Home Depot nor any of its subsidiaries. Home Depot is managed by its senior management. The board represents shareholders and makes major decisions. Walmart does not own Home Depot.
Why is Lowes always right next to Walmart?
Why do Lowe’s and Walmart build their properties next to each other so often? – Quora. It is typically the site’s developer that makes the contact with larger anchor tenants. The stability of the rental/loan is guaranteed by anchor tenants, while the tenants of minor status come and go over the years.
Is Lowes Owned By China?
Lowes’s products are 90% Chinese. Lowes relies heavily on vendor support. Lowes is essentially a group of thousands of vendors that source their labor and materials in China.
.Does Walmart Own Lowe’S In 2022? (Not What You’D Think)