Does Walmart Own Lowe’S In 2022? (Not What You’D Think)
Walmart’s current logo since 2008
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Walmart Home Office (headquarters) in December 2012
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| Formerly |
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| Type |
Public |
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ISIN |
US9311421039 |
| Industry |
Retail |
| Founded |
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| Founder |
Sam Walton |
| Headquarters |
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U.S.
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Number of locations
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 10,593 stores worldwide (January 31, 2022) [2] [3] |
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Area served
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Worldwide |
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Key people
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| Products |
Supermarket , Hypermarket , Superstore , Convenience shop |
| Services | |
| Revenue |
US$ 559.2 billion (2020) [4] |
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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] |
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Total equity |
US$87.53 billion (2020) [4] |
| Owner |
Walton family (50.85%) [5] |
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Number of employees
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2,300,000 (Jan. 2021) [4] U.S.: 1,600,000 |
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Divisions |
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Subsidiaries |
List of subsidiaries |
| Website |
walmart.com |
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Footnotes / references [6] [7] [8] |
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Walmart is well-known for selling a wide variety of home improvement products at a discount and also owning several brands across the US.
Does Walmart Own Lowe’s In 2022?
As of 2022, Walmart doesn’t own Lowes. Lowes Inc., a public-traded company with no majority shareholder is owned by Walmart. Walmart is however the owner of several other discount chains, brands, and stores across the US.
Which company owns Lowes stores, in that instance? Read on for more information on Lowes’ largest shareholders, their competition with Walmart, and all the companies Walmart has majority ownership of.
Lowes Who is the Owner?
Lowes is a public-traded company and does not hold a majority share. Vanguard Group Inc. is the owner of the largest portion of Lowes stock.
They still don’t have control of the stock with 8.5% ownership.
Walmart remains 50% owned by its founders, the Walton families. Thus, majority ownership remains with the Walton family and subsidiaries.
Is Lowes As Big As Walmart?
Lowes does not have the same reach as Walmart. One reason is that it offers a smaller selection of merchandise. It focuses on products for home improvement and hardware.
Walmart stocks a broad range of discounts on groceries and various other items. Walmart has many other products, including home improvement.
Walmart manages over 10,500 stores in 24 countries.
Lowes only has around 60 stores in Canada and 1,727 US locations.
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 have great home improvement products.
Lowes as America’s premier hardware shop can also offer customers a much larger selection of goods and equipment.
Lowes stocks grills, patio furniture pieces, tools and other items that Walmart sells.
However, customers who want a greater choice in what they buy would do better to shop at Lowes.
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Lowes provides services not offered by Walmart.
Lowes also offers services not offered by Walmart. Lowes Kitchen Design Tool is a tool that can be used by customers who want to remodel their kitchen.
Lowes can install all their cabinets and countertops.
Lowes offers other services, such as flooring and window installation.
Which Companies Are Walmart’s Own?
Walmart is not the owner of Lowes. However, it owns a number of other brands throughout the US.
It is therefore one of five biggest corporations by revenue.
Walmart holds the largest share of American big labels in the United States. This includes its Walmart Supercenters and Discount Stores as well as Neighborhood Markets. Walmart also has:
Elsewhere in the world, Walmart owns additional large discount chains, including Asda in the United Kingdom, Makro warehouse clubs in South Africa, and Superama in Mexico.
To learn more, check out our other posts about whether Walmart or China owns Costco.
Conclusion: Does Walmart Own Lowes?
Walmart owns a number of brand names in America and abroad, but it does not have Lowes. Although the hardware brand is publicly traded, it does not own a majority shareholder. Walmart owns no shares.
So, Lowes operates independently of Walmart. You can actually consider it a competitor of Walmart in the areas of homeware, home improvement and laundry, due to its selection of products and number of services offered.
Who is Lowes owned by?
Lowe’s is set to become a major chain. Jim Lowe’s joint ownership ends when Carl Buchan takes over as the sole owner. The Lowe name is still in existence.
Walmart Has Home Depot And Lowes.
As of 2022, Walmart doesn’t own Home Depot nor any of its subsidiaries. Home Depot is run by its management at the top, and major decisions are made by the board. They represent shareholders. Walmart does not own Home Depot.
Why Is Lowes Always Near Walmart?
Why do Lowe’s and Walmart build their properties next to each other so often? – Quora. The developer usually contacts large anchor tenants. Anchor tenants are responsible for the stability and repayment of the loan on the property, while other tenants may come and go throughout the years.
China is China-Owned Lowes
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)