Lowe‘s Headquarters and Corporate Offices: An Expert Profile for 2024
As the second largest home improvement retailer worldwide, Lowe‘s coordinates extensive operations from headquarters and corporate offices. This profile provides a comprehensive overview, including up-to-date details on locations, leadership, performance, and strategic priorities for 2024.
Headquarters Location and Contact Information
Lowe‘s corporate headquarters is located at:
1000 Lowe‘s Blvd
Mooresville, NC 28117
Phone: 704-758-1000
CEO Contact: Marvin R. Ellison, [email protected]
Lowe‘s currently operates over 2,200 stores across the United States and Canada. Continental headquarters offices assist with finance, marketing, human resources, logistics, expansion plans and more.
Recent Performance and Statistics
Lowe‘s continues expanding its retail footprint and capabilities. Some key recent statistics:
- 2022 Revenue: $95.6 billion, up from $89.6 billion in 2021
- 2022 Net Earnings: $8.44 billion
- Number of Stores: 2,237 across US and Canada
- Stock Price: $200 per share, near all-time high
I project Lowe‘s will continue seeing positive growth in 2024 based on strategic initiatives to enhance omnichannel retail capabilities and supply chain capacities.
| Year | Revenue | Net Earnings | # of Stores |
|---|---|---|---|
| 2021 | $89.6 billion | $8.44 billion | 2,197 |
| 2022 | $95.6 billion | $8.75 billion | 2,237 |
Data sources: Lowe‘s 2022 Annual Report, Yahoo! Finance
Organizational Leadership
Lowe‘s CEO and President Marvin Ellison leads over 300,000 employees globally across retail, supply chain and corporate operations.
Other key senior executives include:
- Bill Boltz, EVP Merchandising
- Joe McFarland, EVP Stores
- Jocelyn Wong, Chief Marketing Officer
- Brandon Sink, Chief Financial Officer
This experienced leadership team is advancing long-term growth strategies across core retail capabilities, integrated digital channels, delivery logistics, and inventory/supplier networks.
Strategic Priorities and Investments
Lowe‘s priority growth pillars aim to elevate its competitive positioning and ability to served customers. Key areas of strategic investment include:
Omnichannel Retail – Enhancing in-store and online shopping experiences with more convenience, customizable services and smart retail tech.
Supply Chain – Expanding distribution center capacity and implementing warehouse systems to enable faster inventory fulfillment.
Workforce – Continuing to boost wages and career development opportunities to attract and retain over 300,000 retail employees.
Sustainability – Advancing environmental goals for energy, operations and products to reduce emissions across the enterprise.
Perspective: Lowe‘s is Positioned to Sustain Market Leadership
With over seven decades of operations, Lowe‘s has firmly established itself among the retail giants. Their network of stores blanketing North America and expanding e-commerce capabilities cater to DIY, pro, and serial home project customers.
Strategic technology implementations across IoT, cloud analytics, virtual design tools and more will likely help Lowe‘s retain its #2 position in home improvement against chief rival Home Depot. But growing competitive threats from digital-first retailers like Amazon and direct-to-consumer brands entering home categories highlight the need for sustained innovation.
As Lowe‘s largest individual shareholder, CEO Marvin Ellison is personally invested in this legacy retailer‘s continued success through enhancing integrated retail experiences. By balancing brick-and-mortar and online commerce with expanded supply and distribution capacity, I expect Lowe‘s has the scale and vision to achieve steady, targeted expansion for years to come.
