Lowe's 2002 Annual Report Download - page 2

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Company Profile
Lowe’s Companies, Inc. is a $26.5 billion retailer of a complete line of home improvement products and equipment.
The company serves more than 8 million do-it-yourself and commercial business customers each week through 854 stores in 44 states.
Named FORTUNE magazine’s Most Admired Specialty Retailer in 2002, Lowe’s is the world’s second largest home improvement retailer and the
14th largest retailer in the U.S.
Lowe’s expansion continues, opening a new store on average every three days. The company’s opening plans include two prototypes, a 116,000-
square-foot store for large markets and a 94,000-square-foot store used primarily to serve smaller markets. Both prototypes include a lawn and
garden center averaging an additional 25,000 square feet. At the beginning of 2003, our square footage totaled approximately 95 million square feet.
In 2002, Lowe’s opened 123 new stores, the majority of which were in metropolitan markets. In 2003, the company plans to open 130 new
stores and continue its emphasis on cities with populations greater than 500,000 such as New York, Philadelphia, and Los Angeles.
Lowe’s is an active supporter of the communities it serves. Through the Lowe’s Heroes volunteer programs and the 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, N.C., our 57-year-old company employs 122,000 people. Approximately 6 percent of Lowe’s stock is owned
by employees through the Lowe’s 401(k) plan.
Lowe’s is committed to understanding and reflecting our communities’ diverse cultures in our staffing, business partnerships and the
products 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 with shares trading
under the symbol LOW.
For more information, visit www.Lowes.com