Lowes Foods POS Data
Lowes Foods began in 1954 as a single store in North Wilkesboro, NC, and has grown to become a major supermarket chain operating in North Carolina, South Carolina and Virginia. Lowes Foods was acquired by Merchants Distributors, Inc. (MDI) in 1984 and began an aggressive expansion program in 1986, opening 19 stores over the next four years. In 1997, Lowes Foods acquired Byrds Food Stores, located in eastern North Carolina. It continued its growth in 2000 with the purchase of 13 Hannaford stores. Today Lowes Foods operates more than 100 stores and continues to open new stores throughout North and South Carolina. Lowes Foods has always had a strong customer orientation. Stores, products and services are continually updated to meet the changing needs of customers. In the 1990s, Lowes Foods introduced FreshSmart stores, with an emphasis on customer service and fresh produce, meat, seafood, deli and bakery items. Lowes Foods is part of the Alex Lee family of companies. Alex Lee was formed in 1992 after MDI purchased Institution Food House (IFH), creating an integrated food distribution company.
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Vendors may receive daily or weekly, store-level updates and restatements of SKU level POS sales and inventory activity. Once the data streams are initiated or vendor portals are activated, VELOCITY® can automatically acquire, cleanse, harmonize and transform the data into actionable analytics to produce measurable results.