Analysis of Lowe's Companies, Inc.

Analysis of Lowe's Companies, Inc.

Introduction

Lowe’s Companies, Inc. is the fourteenth largest retailer in America, and overall the world’s second largest home improvement retailer. They are the 108th ranked corporation on the Fortune 500 top corporations list. With an impressive in store stock of 40,000 home improvement items on hand, ranging from lumber to Home décor items, plus an additional 400,000 home improvement items available through a special order program. Lowe’s provides a onetime stop for all home improvement needs, for both the Do-It-Yourselfer, and the ever-expanding market of the Commercial Business Customer.

Lowe’s Companies, Inc. is averaging the opening of about two stores per week. This is part of an unprecedented two billion dollar store expansion, which is the most aggressive expansion in the company’s fifty-five year history; thus, magnifying Lowe’s locality and customer convenience in the United Sates home improvement marketplace. Lowe’s new superstores are currently the largest in the home improvement marketplace, averaging a retail space of about 150,000 square feet. (http://www.lowes.com)

Lowe’s is leading the way by example. Lowe’s believes that creating long-term partnerships is a win-win situation for both sides of the deal. Lowe’s is the second largest home appliance retailer in the country, by working hand in hand for twenty-six years with Whirlpool, the largest marketer and manufacturer of home appliances. Whirlpool and Lowe’s have worked together to become unmatched in bringing their customers a high quality product and a very low competitive price. Through a tremendous logistical effort Whirlpool and Lowe’s have created a one of a kind Innovation Tour. A semi-trailer transforms itself into a functioning kitchen to show customers cutting edge appliances that will be available at Lowe’s in the future from Whirlpool and Kitchen Aid. As Lowe’s motto states, Lowe’s truly is “Improving Home Improvement”. (http://www.businesswire.com/)

Company Overview

Lowe’s Companies, Inc. stared out as North Wilkesboro Hardware in Wilkesboro, North Carolina. North Wilkesboro Hardware was officially changed to Lowe’s Hardware when James Lowe’s portion of North Wilkesboro Hardware was bought out by his brother-in-law, H.C. Buchan fifty-five years ago. Today, Lowe’s is the second largest home improv...

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...s, and their customers. Lowe’s makes a difference in all these areas by simply taking the time out to listen to people’s concerns. The bottom line is, like Lowe’s motto says, they are simply Improving Home Improvement.

References

Sanchanta, Mariko.(2001, August) Lowe’s Beats US Retail Blues.

(http://news.ft.com/home/us/)

Taso, Amy.(2001, April) Lowe’s Expands into Home Depot’s Market. (http://www.businessweek.com)

Author Unknown.(2001, September) Lowe’s Names Whirlpool Vender of the Year. (http://www.businesswire.com/)

Lowe’s Annual Report 2000.

Home page (2001) About Lowe’s.(http://www.lowes.com)

(http://www.lowes.com/AboutLowes/CompanyInfo.html)

(http://www.lowes.com/AboutLowes/Community.html)

Home Page (2001). Lowe’s Home Safety Counsel. (http://www.loweshomesafety.org)

(http://www.loweshomesafety.org/about.html)

(http://www.loweshomesafety.org/projects.html)

(http://www.loweshomesafety.org/teachers .html)

(http://www.loweshomesafety.org/safety.html)

Home Page (2001). Lowe’s to Donate $1 Million.

(http://www.thepiedmontchannel.com/)

Home page (2001). Lowe’s Officers and Directors.

(http://yahoo.marketguide.com)