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 because of its extensive range of low-cost home improvement products, as well its ownership in many other brands here and abroad.
Walmart to Own Lowe’s by 2022
Walmart no longer owns Lowes in 2022. Lowes Inc. has no major shareholder and is publicly traded. Walmart does not own any shares. Walmart owns several discount brands and chains in the US.
What is Lowes’ ownership of Lowes stores in such a case? Keep reading for details about Lowes’ largest shareholders, Walmart’s competition, and all companies Walmart controls.
Lowes Who is the Owner?
Lowes cannot have majority shareholders because it is publicly traded. Vanguard Group Inc. owns the largest percentage of Lowes stock since 2020.
They still don’t have control of the stock with 8.5% ownership.
Walmart, however is 50% still owned by the Walton family who founded it. As such, the Walton family still retains majority ownership of the brand and its subsidiaries.
Is Lowes As Big As Walmart?
Lowes does not have the same reach as Walmart. For one thing, it sells a far narrower selection of merchandise, focused as it is on home improvement products and hardware.
Walmart stocks a broad range of discounts on groceries and various other items. Walmart has many other products, including home improvement.
Walmart has more than 10500 shops, clubs and brands in 24 countries.
Lowes does have just 1,727 US stores and about 60 Canada locations.
Still, while it does not rival Walmart, Lowes is one of the two biggest hardware stores in the US.
How similar are Walmart and Lowes selling comparable products?
Both Lowes and Walmart sell home improvement products for a good price.
But, as one of America’s leading hardware stores, Lowes can offer consumers a much wider range of items and equipment.
Lowes stocks grills, patio furniture pieces, tools and other items that Walmart sells.
Lowes offers customers a wider selection of products and services.
Lowes Provides Services That Walmart Can’t
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 can also provide flooring, window, or fencing installation.
Walmart is a part of what businesses?
Walmart is not the owner of Lowes. However, it owns a number of other brands throughout the US.
As a result, it is one of the five largest corporations in the world by sales.
In the United States, Walmart has the majority share of big American labels, including its own Walmart Supercenters, Discount Stores, and Neighborhood Markets. It also owns:
Walmart also owns large discount chains around the globe, such as Asda and Makro warehouse clubs, South Africa, or Superama, Mexico.
For more information, please visit our post on Walmart’s ownership of Costco and Walmart’s ownership of Walgreens.
Conclusion: Is Walmart a Lowes company?
Walmart holds a significant number brands across the US but does not hold Lowes. Walmart’s hardware company is publicly traded and does not hold a majority share. Walmart owns no shares.
Lowes, therefore, operates independent of Walmart. In fact, it can also be considered a competitor for Walmart in the area of homeware and home improvement, given the choice of products available in its stores and the number of services it offers.
Who Owns Lowes
Lowe’s’ sole owner is Carl Buchan. He hopes to be a chain that’s nationwide. Jim Lowe has been out of joint ownership since then. But, Lowe’s name remains.
Walmart has Home Depot or Lowes.
Walmart has no ownership of Home Depot and its subsidiaries. Home Depot is run by its management at the top, and major decisions are made by the board. They represent shareholders. Walmart also has no ownership in Home Depot.
Why are Lowes and Walmart always next to each other?
Lowe’s and Walmart often build next to each others’ properties. – Quora. The site developer is often the one who makes contact with the 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’s Owner of Lowes
Lowes imports 90% of its merchandise from China. Lowes is heavily run by vendors. Lowes is actually a network of thousands who source materials from China. April 5, 2020
.Does Walmart Own Lowe’S In 2022? (Not What You’D Think)