Lowe's (US)

Lowe's is the world's second largest home improvement retailer (after Home Depot). Even as the #2 in the sector, Lowe's remains a massive business, one of America's 50 biggest companies, with revenues of over $48bn and around 1,640 stores spread across 50 states, but with a distinct concentration in the Eastern US. Somewhat older than its main competitor, it was purely a regional business for many years, until the rapid growth of Home Depot inspired Lowe's too to establish a national presence. It has also been slower to build an international footprint, although it opened its first outlets in neighbouring Canada in 2007 and in Mexico in 2009. Like other companies in this sector, performance has been held back over the past couple of years by the sharp downturn in the US housing market. 

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