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 both for the wide selection of affordable home improvement products it offers and its ownership stake in several other brands within the US.
Walmart To Own Lowe’s 2022
As of 2022, Walmart doesn’t own Lowes. Lowes Inc., a public-traded company with no majority shareholder is owned by Walmart. Walmart still owns several brands and discount stores in the US.
What is Lowes’ ownership of Lowes stores in such a case? For more details on Lowes biggest shareholders, competition with Walmart and the other companies Walmart holds majority ownership, read on.
Lowes, Who Are You?
Lowes cannot have majority shareholders because it is publicly traded. Vanguard Group Inc. owns the largest percentage of Lowes stock since 2020.
However, their 8.5% share of stock ownership means they do not hold a majority of shares.
Walmart remains 50% owned by its founders, the Walton families. The Walton family retains the majority of ownership in the brand and its subsidiaries.
Is Lowes As Big As Walmart?
Lowes may not be as well-known as Walmart. One reason is that it offers a smaller selection of merchandise. It focuses on products for home improvement and hardware.
Walmart also sells many discount grocery and other products. Walmart has many other products, including home improvement.
In terms of stores, Walmart operates more than 10,500 stores, clubs, and brands across 24 countries.
Lowes has only 1,727 stores in the US and 60 locations in Canada.
Lowes, though it doesn’t rival Walmart in size, is still one of the largest hardware stores in America.
Walmart and Lowes: What are the Similar Products?
Both Lowes and Walmart sell home improvement products for a good price.
Lowes, America’s top hardware store, can provide a wider selection of equipment and items.
Lowes also offers patio furniture and tools as an option.
Lowes is a better choice for customers looking to have more choices in the products they choose.
Lowes provides services not offered by Walmart.
Lowes can offer a wide range of services, which Walmart is unable to provide. Lowes Kitchen Design Tool is a tool that can be used by customers who want to remodel their kitchen.
Lowes has the ability to also install their countertops, cabinets, and fixtures.
Lowes also provides flooring, window and fencing installation services.
Which Companies Are Walmart’s Own?
Walmart may not be the parent company of Lowes. But the company owns many other brands within the US and abroad.
It has become one of the largest companies in the world in terms sales.
In the United States, Walmart has the majority share of big American labels, including its own Walmart Supercenters, Discount Stores, and Neighborhood Markets. Also, it owns:
Walmart also owns large discount chains around the globe, such as Asda and Makro warehouse clubs, South Africa, or Superama, Mexico.
To learn more, check out our other posts about whether Walmart or China owns Costco.
Conclusion: Walmart has Lowes.
Although Walmart does own an impressive number of brands both in the US and beyond, the company does not own Lowes. Walmart’s hardware company is publicly traded and does not hold a majority share. Walmart owns no shares.
Lowes functions independently from 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 are Lowes’ Owners?
With hopes of becoming a national chain, Carl Buchan becomes the sole owner of Lowe’s, ending his joint ownership with Jim Lowe. The Lowes’ name however remains.
Walmart has Home Depot or Lowes.
Walmart, as of 2022 does not have any subsidiaries or Home Depot. 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 Is Lowes Always Near Walmart?
Why is it that Walmart and Lowe’s build so many properties right next to eachother? – Quora. It’s usually the developer of the site that contacts the larger anchor tenants. While the anchor tenants maintain the stability of rent/loan, minor tenants move in and out over the years.
Is Lowes Owned By China?
Lowes exports 90 percent of their merchandise to China. Lowes has a lot of vendors. Lowes is basically a collection of thousands of vendors who source out their materials and labor in China.Apr 5, 2020
.Does Walmart Own Lowe’S In 2022? (Not What You’D Think)
