Number of Lowe's stores worldwide 2004-2023

Lowe’s, the home improvement retailer, operated 1,746 locations worldwide in 2023, up from 1,738 stores in the previous year. Lowe’s was the second leading retailer in the U.S. hardware and home improvement market in terms of sales, behind The Home Depot, its main competitor.

Lowe’s retail facts

Lowe’s demonstrated a healthy level of sales growth between 2013 and 2023. According to the company’s most recent annual report, Lowe’s global net sales came to over 86 billion U.S. dollars, down from 97 billion dollars in 2022. On average, customers at Lowe’s spent around 103.51 U.S. dollars per visit as of 2023.

Home improvement in the U.S.

Home improvement is a great way for homeowners to increase the resale value of their property, or to make their home more attractive and livable. Total sales of the home improvement market in the United States reached nearly 545 billion U.S. dollars in 2023, and this figure was expected to increase over the next several years. Some of the most popular home improvement projects planned by U.S. homeowners include painting the interior of the home, remodeling the bathroom, and putting new flooring.