 Current logo | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1964 (61 years ago) (1964) inLittlefield, Texas,United States |
| Founder | E.M. "Bud" Lowe |
| Headquarters | , |
Number of locations | 146(2021) |
Area served | Arizona,Colorado,Kansas,New Mexico,Texas |
Key people | Roger Lowe Sr.[1] (President & Chairman of the Board) |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy (some locations), produce, seafood, snacks |
| Services |
|
| Revenue |  $1.243 billion(2021) |
Number of employees | 22,000(2019) |
| Website | lowesmarket |
Lowe's Market is an American regionalsupermarket chain, primarily inWest Texas andSouth Texas and throughoutNew Mexico. The company also operates stores inColorado,Arizona andKansas. The company's home office is inLittlefield, Texas.
Lowe's Market traces its history to E.M. "Bud" Lowe who sold candy and sundries from the back of a truck inLittlefield, Texas in the 1940s.[2]In 1964, Bud Lowe opened the first Lowe's Market, a small grocery store, inOlton, Texas. The company began the process of gradual expansion into small and medium-sized towns in Texas and New Mexico. Some of the stores are similar to large convenience stores, between 2,000 sq.ft. to 4,000 sq.ft., however, stocked with fresh meat and produce. Many of the stores are standard supermarket size, 15,000 sq.ft. to 40,000 sq.ft.
Many Lowe's Market stores were acquired from other companies such asFurr's Grocery (defunct, many of which were formerlySafeway stores), Big 8 Foods (many of which were formerlySafeway stores acquired fromFurr's Grocery by Big 8 Foods), and Super S.[3][4][5] Currently,[6] there are 114 Lowe's Market stores open in the chain in Texas, New Mexico,Arizona,Kansas, andColorado.
After the bankruptcy ofFurr's Supermarkets in 2001, Lowe's Market acquired a number of the Furr's properties and converted them into Lowe's Market stores. In April 2011, Lowe's Market acquired 53 stores owned by Super S Foods, aSan Antonio-based chain.[7] In April 2014, Lowe's Market acquired 7 stores fromNocona-based Market Place.[8] In 2023, Lowe's Market acquired ten stores fromAndrews-based Porter's.[9]
In some areas, Lowe's Market stores use the names Lowe's, Shop N Save, Food Jet, Food King, Super S, Big 8, Super Save, and Avanza. A significant number of the stores in New Mexico, Texas, and Colorado are aimed at the Hispanic grocery market share, particularly the stores using the Avanza, Fiesta, Fiero, and Mercado nameplates. However, Hispanic grocery products are commonly stocked in all Lowe's Market stores, since the stores serve a substantial Latino/Hispanic population in all geographic areas of the company's presence.
There are two stores in Arizona, inWindow Rock andGanado. In Colorado, there are stores inGreeley, Westcliffe and in theDenver area. In New Mexico, stores are found throughout the state. In Texas, stores are inWest Texas,North Texas, thePanhandle,Central Texas, andSouth Texas. It's onlyKansas store is inUlysses.