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Lowe's invests $2 million in additional programs to continue its support of rebuilding in Western North Carolina
LOWLowe's(LOW) Prnewswire·2025-03-27 12:00

Core Insights - Lowe's has committed nearly 14milliontoresponseandrecoveryeffortsforHurricanesHeleneandMilton,supportingimmediateandlong−termneedsinaffectedareas[1][2]−Thecompanyisfocusedonrecoverysolutions,includingskilledtradeseducation,toaidtheregion′srecoverywhileaddressingcurrentneeds[2]−Lowe′sisreopeningitsEastAshevillestoreafterflooddamage,withover100originalemployeesreturning,demonstratingitscommitmenttocommunitysupport[3]CompanyOverview−Lowe′sCompanies,Inc.isaFORTUNE®50homeimprovementcompanywithover1,700storesandapproximately300,000employees,servingaround16millioncustomertransactionsweeklyintheU.S.[4]−Thecompanyreportedtotalfiscalyear2024salesexceeding14 million to response and recovery efforts for Hurricanes Helene and Milton, supporting immediate and long-term needs in affected areas [1][2] - The company is focused on recovery solutions, including skilled trades education, to aid the region's recovery while addressing current needs [2] - Lowe's is reopening its East Asheville store after flood damage, with over 100 original employees returning, demonstrating its commitment to community support [3] Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly in the U.S. [4] - The company reported total fiscal year 2024 sales exceeding 83 billion, highlighting its significant market presence [4] - Lowe's engages in community support through programs aimed at safe housing, community improvement, skilled trades development, and disaster relief [4] Community Initiatives - Appalachia Service Project is providing temporary housing units for hurricane-affected residents, helping them recover with dignity and resilience [6] - The National Center for Construction Education and Research is launching a Rapid Recovery Construction Academy to offer free construction training and job placement services in disaster-impacted areas [6] - Purple Heart Homes is focusing on critical home repairs for service-connected disabled veterans in disaster-affected counties [6]