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Lowe's Companies, Inc.

Home Improvement RetailFounded 1921
Reviewed by Swet Parvadiya
Company data updated: October 2026

Founders

Who Founded Lowe's?

Lucius Smith Lowe, Carl Buchan · Founded 1921 · HQ today: Mooresville, North Carolina, United States

Who founded Lowe's?

Lowe's was founded by Lucius Smith Lowe, Carl Buchan in 1921 in North Wilkesboro, North Carolina, United States. It is now led by Marvin Ellison.

Founders
Lucius Smith Lowe, Carl Buchan
Founded
1921
Headquarters
Mooresville, North Carolina, United States
Number of founders
2
Current CEO
Marvin Ellison (since 2018)
Where was Lowe's founded?
Lowe's was founded in North Wilkesboro, North Carolina, United States in 1921. en.wikipedia.org
When was Lowe's founded?
Lowe's was founded in 1921.
Who started Lowe's?
Lowe's was founded by Lucius Smith Lowe and Carl Buchan.
How old is Lowe's?
Lowe's is 105 years old as of 2026.

Founding Story

Lucius Smith Lowe opened North Wilkesboro Hardware in North Carolina in 1921, selling hardware alongside groceries, dry goods and harnesses. After his death in 1940 the store passed to his family, and in 1943 his son-in-law Carl Buchan became a partner with James Lowe. Buchan saw the coming post-war housing boom, dropped unrelated goods to focus on hardware and building materials, and bought full control in 1952. He built a regional chain before his death in 1960; Lowe's went public in 1961.

Lucius Smith Lowe

Co-founder 1921

Background

A small-town merchant in Wilkes County, North Carolina, serving a largely agricultural customer base.

Role at Lowe's Companies, Inc.

Lucius Smith Lowe opened North Wilkesboro Hardware in North Carolina in 1921, a general store that sold hardware, groceries, dry goods and farm supplies. After his death in 1940 the business passed to his family, and his son James Lowe and son-in-law Carl Buchan later turned it into the chain that carries his name. Lucius Smith Lowe was born in 1879.

Carl Buchan

Co-founder 1943

Background

Retail operator and World War II veteran who built Lowe's early multi-store expansion in the Carolinas.

Role at Lowe's Companies, Inc.

Carl Buchan, married to Lucius Lowe's daughter Ruth, became a partner in the store in 1943. After military service in World War II he anticipated the post-war building boom, narrowed the business to hardware and building materials, and bought out James Lowe in 1952. He expanded Lowe's into a regional chain before his death in 1960, a year before the company went public. (Exact birth year remains publicly undisclosed).

Lowe's Companies, Inc.: CEO & Leadership History

Full timeline →

Brandon Sink

Executive Vice President and Chief Financial Officer

2022 – Present

As CFO, he drove the financial structuring behind the 'Total Home Strategy', attempting to close the margin gap with Home Depot by focusing heavily on professional contractors (Pros).

Marvin Ellison

Chairman, President and Chief Executive Officer

2018 – Present

He refocused Lowe's on U.S. operations and Pro customers. Sales reached a record $97.1B in FY2022, and under his plan acquisitions now drive growth while comparable sales stay near flat in a weak housing market.

Robert Niblock

Chairman and Chief Executive Officer

2005 – 2018

During his 13-year tenure as CEO, he significantly modernized the supply chain, but stepped down after failing to match the operational margins of Home Depot.

Robert Tillman

Chairman and Chief Executive Officer

1996 – 2005

As CEO through the late 1990s and early 2000s, he successfully transformed Lowe's from a regional chain of small hardware stores into a Fortune 50 national powerhouse.

Compare Lowe's Companies, Inc. Leadership With Competitors

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Who Founded Lowe's? FAQ

Who founded Lowe's and what were the original circumstances?

Lowe's was founded in 1921 by Lucius Smith Lowe in North Wilkesboro, North Carolina, as North Wilkesboro Hardware, a small-town store selling hardware, building materials, groceries, dry goods, snuff, and horse harnesses.

Who was Carl Buchan and how did he transform Lowe's into a modern retail chain?

Carl Buchan was Lucius Lowe's son-in-law and James Lowe's brother-in-law. He became a partner in 1943, refocused the store on hardware and building materials for the post-war housing boom, and bought out James Lowe in 1952.

What innovative profit-sharing model did Carl Buchan create for Lowe's employees?

Buchan set up an employee profit-sharing plan in the 1950s that invested in Lowe's stock, giving long-time store employees significant ownership in the company.

When did Lowe's become a publicly traded company?

Lowe's went public in 1961, the year after Carl Buchan's death, and listed on the New York Stock Exchange under LOW in 1979.

What was the original store concept of Lowe's in the 1950s?

In the 1950s, Lowe's operated small-town warehouse stores where customers bought hardware and lumber directly from rail-side warehouses at wholesale discount prices, cutting out middleman wholesalers to pass savings to rural homeowners.

Who founded Lowe's?

It was founded by Lucius Smith Lowe, but the modern empire was built by Carl Buchan. In 1952, Buchan and his brother-in-law, Jim Lowe, had a massive corporate falling out. Buchan bought out Jim Lowe's share of the company. Buchan was an absolute visionary; he established the highly aggressive corporate strategy of buying massive volumes directly from manufacturers to completely crush local hardware stores on price.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.