How low can the world go for $5 billion?

July 29, 2021 0 Comments

What if a $5-billion investment can only help you pay for your next $20-billion umbrella?

This is the scenario being contemplated by Lowe’s Outdoor, the world’s largest outdoor retailer.

Lowe’s says it has no plans to expand its umbrella business in the United States, as it does with other products like sunglasses and furniture.

But Lowe’s is exploring other markets around the world.

It’s looking to spend $500 million or more to open stores in Japan, India and South Korea, Lowe’s said in a recent earnings call.

The plan is to make those stores a major part of the business in 2020, with plans to open hundreds of new ones each year, Lowe said.

Lowe’s has about 1,300 stores worldwide.

It plans to spend about $1.5 billion to open a new store in Singapore, $500,000 to open the new store at the old South African store in the U.K. and $500-million on a new shop in Hong Kong.

“The business is a really attractive one for us,” Lowe’s CEO Robert A. Lowe said on the call.

“We are going to continue to invest in our business as we go forward, and it is going to grow and grow and it will be one of the great brands in the world.”

Lowe’s expects the global umbrella market to reach $15.3 billion by 2020, up about 7% from last year.

The company is expanding its business in a few different ways, including opening two stores in the Netherlands, expanding its presence in China and bringing more products to markets like Indonesia.

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