![]() ![]() As quoted in History of Woman Suffrage, vol. “ ∽ont you know that we are your natural protectors? But what is a woman afraid of on a lonely road after dark? The bears and wolves are all gone there is nothing to be afraid of now but our natural protectors. By 1962 Lowe's operated 21 stores and reported annual revenues of $32 million.įamous quotes containing the word history: His five-man executive team, which included Robert Strickland and Leonard Herring, took the company public in 1961. In 1960 Carl Buchan died of a heart attack at age 44. Lowe started the Lowes Foods grocery store chain in 1954.īuchan quickly expanded, opening stores by 1955 in Asheville, Charlotte, and Durham, North Carolina. The company bought a second store in Sparta, North Carolina, in 1949.Ĭarl Buchan and Jim Lowe differed on expanding the company to new areas, and they split in 1952, with Buchan taking control of the hardware and building supply business, and Lowe taking other joint ventures the two controlled, including a car dealership. Before then, the product mix had also included notions, dry goods, horse tack, snuff, produce, and groceries. Under Buchan's management, the store focused on hardware and building materials. Jim took on Carl (honorably discharged after receiving an injury) as a partner in 1943. Jim Lowe and Ruth's husband, Carl Buchan, both served in World War II, and during the war, the store was run by Ruth and her mother. She sold the company to her brother, Jim, that same year. The business was inherited by his daughter, Ruth, when Lucius died in 1940. Lowe opened Lowe's North Wilkesboro Hardware in North Wilkesboro, North Carolina, in 1921. ![]()
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