Lowe's 2000 Annual Report Download - page 2

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Company Profile Lowe’s Companies, Inc., the world’s second largest home improvement retailer, serves more than five
million do-it-yourself and commercial business customers weekly through more than 650 stores in 40 states. At the beginning
of 2001, our retail square footage totaled approximately 68 million square feet.
Lowe’s is in the midst of its most aggressive expansion plan, opening more than two new superstores per week. Lowe’s
current prototype store has a 121,000-square-foot sales floor with a lawn and garden center averaging over 30,000 additional
square feet. Lowe’s 2001 expansion plans call for opening 115 to 120 new stores (which includes relocating 12 older, smaller for-
mat stores) and will be focused primarily on metropolitan markets including Boston, New York and Los Angeles.
Lowe’s gives back to the communities it serves through programs and volunteer involvement. Lowe’s contributes regularly
to nonprofit organizations in towns and cities throughout Lowe’s territory. Through the “Lowe’s Heroes” programs and
Lowe’s Home Safety Council, we provide help to civic groups with public safety projects and share important home safety and
fire prevention information with neighborhoods across the country.
Headquartered in Wilkesboro, NC, the 55-year-old company employs over 100,000 people. Approximately 8percent of
Lowe’s stock is owned by employees through the company’s Employee Stock Ownership Plan (ESOP) and its 401(k) plan. We are
committed to understanding different cultures and reflecting them in our staffing, business partnerships and the merchandise we
sell. We are committed to making diversity and inclusion a natural part of the way we do business.
Lowe’s has been a publicly held company since October 10,1961. Our stock is listed on the New York Stock Exchange,
the Pacific Stock Exchange and the London Stock Exchange with shares trading under the ticker symbol LOW.
Expanding Into New Markets
Pursuing our tack of carefully planned growth,
Lowe’s opened 100 new stores during 2000.
lowe’s stores
new stores in 2000
Lowe’s Stores
(includes projected
store openings in
fiscal 2001)
Alabama . . . . . . . 22
Alaska . . . . . . . . . 1
Arizona . . . . . . . . 9
Arkansas . . . . . . . 8
California . . . . . 35
Colorado . . . . . . . 7
Connecticut . . . . 5
Delaware . . . . . . . 4
Florida. . . . . . . . 47
Georgia . . . . . . . 33
Hawaii . . . . . . . . . 2
Idaho . . . . . . . . . . 2
Illinois. . . . . . . . 15
Indiana. . . . . . . . 25
Iowa . . . . . . . . . . . 5
Kansas . . . . . . . . . 4
Kentucky . . . . . . 23
Louisiana . . . . . . 14
Maryland . . . . . 20
Massachusetts . . 6
Michigan . . . . . . 23
Mississippi. . . . . . 9
Missouri . . . . . . 19
Montana. . . . . . . . 1
Nebraska . . . . . . . 2
Nevada . . . . . . . . . 5
New Jersey. . . . . . 6
New Mexico . . . . 2
New York . . . . . . 14
North Carolina 77
Ohio. . . . . . . . . . 48
Oklahoma. . . . . . 12
Oregon. . . . . . . . . 3
Pennsylvania . . . 33
Rhode Island . . . 2
South Carolina. 32
Tennessee. . . . . . 33
Texas . . . . . . . . . 63
Utah . . . . . . . . . . . 8
Virginia. . . . . . . 42
Washington . . . 20
West Virginia . . 12
42 States
753 Stores