What was lowes name before

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List of Partners vendors. Home Depot, Inc. HD and Lowe's Companies Inc. LOW have been the giants of the home improvement retailer industry in the U. As of , the average Home Depot store has about , square feet of enclosed space and about 24, square feet of outdoor space for garden products. In , Home Depot operated 18 mechanized distribution centers in the U. Despite being larger by market capitalization , The Home Depot, Inc.

Virgin Islands, Guam, Canada, and Mexico. For most of its history, Home Depot has had the reputation of lagging behind its main rival in terms of supply-chain efficiency, relying primarily on a decentralized supply chain in which suppliers shipped products directly to Home Depot stores.

Although this decentralized approach did offer some advantages, it also had significant drawbacks, such as having to use large trucks to ship relatively small amounts of cargo. However, in Home Depot began a modernization program, including a transition to a centralized network of distribution centers. In order to thwart corporate raid, the business reverted to a private company in The company's stores were all liquidated or sold off to Thurman Industries in , and Thurman subsequently liquidated in Orchard Supply Hardware started out as a co-op founded by orchard owners in In the s, the co-op transformed into a for-profit business and began to expand.

In , Sears bought the company and later resold it to Lowe's in Lowe's closed all the remaining Orchard Supply Hardware stores in The company was renamed Handy Andy in The business went bankrupt in and closed the following year. Hechinger first opened in , becoming one of the first companies to focus on do-it-yourself home-improvement shoppers. The company's stores were liquidated in after Hechinger went bankrupt.

The brand survived for a decade more as an online retailer. Three years later, home-improvement retailer Hechinger bought the new business.

When Hechinger closed in , HQ followed suit. Loading Something is loading. Email address. Home Depot Lowes Defunct Retailers. More than Lowe's stores in 24 states--mainly in the Midwest and Southeast--serve the do-it-yourself home improvement, home decor, home repair, and home construction markets.

Primarily located in small and medium-sized markets, Lowe's stores average more than 75, square feet; this average is growing, however, as the company now typically builds ,square-foot units in smaller markets and ,square-foot units in larger markets. In L. Lowe opened a hardware store in the small town of North Wilkesboro, North Carolina. Following his death, his son, James Lowe, took over the business. James Lowe and his brother-in-law, Carl Buchan, served in the U.

When Buchan was wounded and discharged from the army in , he returned to North Wilkesboro to help operate Lowe's hardware business.

In Buchan took a 50 percent interest in the store. Buchan quickly sold out much of the store's inventory. He then reorganized the store, which became a wholesale-style seller of hardware and building supplies. When Lowe was discharged from the army, he returned to aid Buchan in operating the business.

The two opened a second store and used profits to buy an automobile dealership and a cattle farm. In Buchan traded his interests in these two businesses for Lowe's interest in their two stores. Three months later, Buchan opened a third store, in Asheville, North Carolina. The post-World War II construction boom made the hardware business very profitable.

The frenzied demand for supplies meant that sales often were made directly from a freight car on the railway siding that ran by the store. By purchasing stock directly from the manufacturer, Lowe's was able to avoid paying the higher prices set by wholesalers, which meant lower prices for customers.

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If you prefer not to leave an email address, check back at your NCpedia comment for a reply. Please allow one business day for replies from NCpedia. Skip to main content. Is anything in this article factually incorrect? Please submit a comment. Additional Resources: Lowe's Companies, Inc. UNC Press. Kobrin, Lisa Brantley. Origin - location:. Iredell County. Are you serious? Hello, This is an encyclopedia entry about the company that originated in North Carolina.