Lowe’s Expansion Plans

Lowe's Company Inc - BidnessEtc

Lowe’s is a US based retailing corporation in the home improvement and appliance business. The company is ranked 43^rd on the Fortune 500 company list and is the second largest hardware chain stores in the United States. Lowe’s is a publically traded company which is listed on New York Stock Exchange (NYSE) with the ticker symbol of ‘LOW’. LOW stock currently trades at $44 and has the market capitalization of over $50 billion. Lowe’s stock has given good return to its investors in the previous years with over 30% year returns in the last year. The company offers a wide range of categories in the homeimprovement products ranging from appliances, paints, building material and electrical equipment as well. The company has over 1700 stores in US, Canada, and Mexico and plans to starts its operation in Australia and plans to build over 116 stores in the Australian market where home improvement and appliances industry is valued at $46 billion. The company has a good going in its revenues since its inception but the main issue is that the company relies heavily on its sales in the United States. The geographical presence of the company is not so diversified but catering to this and to the growing international demand Lowe’s has planned to expand aggressively in Australia and such an expansion can prove to be very rewarding for the company in the coming year.