MOORESVILLE, N.C., May 20, 2020 /PRNewswire/ -- As small businesses
look to reopen in the coming weeks and months, Lowe's Companies,
Inc. (NYSE: LOW) today announced a second $25 million commitment to support ongoing
COVID-19 relief, bringing the company's pandemic support to
communities to $50 million. In the
first quarter, Lowe's invested $340
million to support our associates, healthcare workers, first
responders and communities.
The funds will support the community, including focused efforts
to provide needed masks and other personal protective equipment
(PPE) for small businesses considering reopening as well as to
offer small business grants through some of the company's key
partners, including its supplier diversity network. The funds will
also expand support to small business home improvement
professionals.
To help other retailers, the company also shared best practices
and operational considerations during the COVID-19 pandemic with
the Retail Industry Leaders Association.
"The hard work, tireless efforts and innovative spirit of our
more than 300,000 associates have allowed us to significantly
change many aspects of our business quickly to serve communities
throughout the pandemic," said Joe
McFarland, Lowe's EVP of stores. "Our additional
$25 million commitment to COVID-19
relief expands our support of small business as we look to help the
country recover from this pandemic."
This announcement builds on Lowe's ongoing support of
communities during the pandemic, including providing more than
$10 million in essential protective
products for medical workers. Lowe's has also supported small
businesses throughout the pandemic, from purchasing $1 million worth of flowers from small business
growers to then working with Uber to deliver more than 100,000
flower baskets to senior living facilities for Mother's Day to
helping companies making PPE. For more information on the company's
response to the pandemic, visit corporate.lowes.com/newsroom.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home
improvement company serving approximately 18 million customers a
week in the United States and
Canada. With fiscal year 2019
sales of $72.1 billion, Lowe's and
its related businesses operate or service more than 2,200 home
improvement and hardware stores and employ approximately 300,000
associates. Based in Mooresville,
N.C., Lowe's supports the communities it serves through
programs focused on creating safe, affordable housing and helping
to develop the next generation of skilled trade experts. For more
information, visit Lowes.com.
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SOURCE Lowe's Companies, Inc.