Retail History | Lowe's — The Hardware Store on Main Street, North Wilkesboro
· 1921
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Retail History | Lowe's — The Hardware Store on Main Street, North Wilkesboro
kevin
People treat Lowe's as a national home-improvement chain that arrived already facing Home Depot across every highway interchange.
The first shop was a small-town hardware store.
In 1921 Lucius S. Lowe opened Lowe's North Wilkesboro Hardware in North Wilkesboro, North Carolina. Besides nails and lumber it sold dry goods, horse tack, snuff, produce, and groceries.
Lowe died in 1940. His son James took the store. While James and his brother-in-law Carl Buchan served in the Second World War, the counter stayed open.
After the war Buchan stripped the general merchandise and pointed the shelves at building materials, anticipating the construction boom. A second store opened in nearby Sparta in 1949.
On 1 August 1952 Buchan bought out James Lowe and incorporated the business. The Lowe's name stayed.
The company listed on 10 October 1961. About 400,000 shares were offered at 12.25 dollars each on the first day.
Headquarters later left the mountain town for Mooresville, but the original Main Street blocks are now a National Register historic district.
The S and P 500 retailer still dates its founding to this county seat and that 1921 counter.
Photo: Ceh2624, CC BY-SA 3.0, via Wikimedia Commons. The 2013 view is the Downtown Main Street Historic District in North Wilkesboro.
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