Bengaluru, Oct 30, 2024: Lowe’s India is celebrating its 10th anniversary of driving innovation in home improvement retail with an investment of USD 2 million over the next two years to support local communities. This investment will enable various projects in skill development such as STEM learning and coding, and projects that focus on conservation of natural resources and adoption of renewable energy.
This commitment is part of Lowe’s India’s focus on enabling future possibilities for the communities where it operates. When Ellison visited in October 2022, the company announced a USD 1 million investment in upskilling programs. This investment has mobilized 16 projects, including coding classes and STEM lab setups at government schools, higher-education support for girls from all backgrounds and digital skilling of rural women artisans, among others. The projects have benefited more than 10,000 people directly or indirectly over the last two years.
“Our journey over the past decade has been marked by significant growth and a steadfast commitment to building new possibilities in omnichannel retail," said Ankur Mittal, senior vice president of technology and managing director of India. “We are driving fast-paced innovation across various technologies and business areas that are shaping how customers shop in home improvement retail, a highly complex space. We are proud of the talent, culture and capabilities we’ve built, and are committed to continue investing in these areas,” he said.
Since its establishment in 2014, the Lowe’s India center has built various capabilities to drive retail innovation and operational excellence for Lowe’s. Innovation driven by Lowe’s India teams across key functions such as technology, supply chain, merchandising, marketing, and finance, among others, is playing a critical role in supporting Lowe’s Total Home strategy.
“This 10-year milestone is a great moment to reflect on the outstanding achievements of our India team, their focus on delivering results for our company and their commitment to giving back to the local community,” Marvin Ellison chairman and CEO, Lowe’s Companies Inc, said. “We’re confident these talented associates will continue to play an important role in realizing Lowe’s Total Home strategy and making a positive difference for their communities. As we look forward, we are excited about the possibilities we can realize in the next decade and beyond,” Ellison said.
Lowe’s India has experienced accelerated growth across various capabilities, especially post-pandemic. Its home-grown products and platforms have led to improved sales and operational excellence across key retail areas such as supply chain, inventory, demand forecasting, store operations and omni-order management. Most recently, Lowe’s set up its AI Acceleration Platform team at Lowe’s India to accelerate opportunities within the emerging GenAI space and evolve how the company leverages the technology across three core themes - how we sell, how we work and how customers shop.
