Retail

Lowe's Adds More Than 53,000 New Jobs

Thinkstock

Lowe’s Companies Inc. (NYSE: LOW) is joining the parade of companies adding to their labor force. Previously, JPMorgan and Apple had announced that they were using their tax benefits to invest in their employees, and Lowe’s is following suit.

The home improvement chain announced that it is hiring more than 53,000 full-time, part-time and seasonal employees across its U.S. stores, adding to the company’s nearly 250,000 current U.S. store employees.

Lowe’s made sure to point out in its release that it was named one of the top 10 most customer-engaged companies by Forbes. Lowe’s provides leadership development and career advancement opportunities at all levels to support employees and customers. In fact, roughly 200 current store managers started as seasonal employees, and last year nearly 40% of the company’s seasonal employees transitioned into permanent part-time and full-time positions.

Lowe’s currently operates more than 2,370 home improvement and hardware stores in the United States, Canada and Mexico.

The biggest additions in jobs are being seen in Boston (1,800); the Los Angeles area (1,500), Charlotte, North Carolina, (1,250); New York (1,200); Raleigh-Durham, North Carolina, (1,100); Indianapolis (1,000); and Atlanta (1,000).

Jennifer Weber, chief human resources officer, commented:

When employees join Lowe’s, they are joining more than a Fortune 40 company. They are joining a supportive network of caring, inspiring team members who are here to serve customers, communities and each other.

Shares of Lowe’s traded at $107.16 on Wednesday, with a consensus analyst price target of $102.73 and a 52-week range of $70.76 to $108.31.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.