...Lucius S. Lowe started Lowe’s in 1921. During the 1950’s Lowe’s opened more hardware stores, primarily in small town in the southeastern United States. Lowe’s went public in 1961 and was successful at merchandising and financial management. In the 1980’s due to competition from Home Depot, Lowe’s joined the bandwagon and joined the big-box type store. Lowe’s has a vast market, which includes, homeowners, renters, and commercial business customers. Lowe’s focuses on, meeting the group of customers needs, Creators, as they feel meeting the Creators discerning needs this will help to exceed the needs of other customers. Lowe’s wants to be the first choice among customers when it comes to home improvement. Realizing customers would like a full solution to home improvement. Lowe’s does this by partnering with the customer through the improvement process by offering inspiration, planning, completion and enjoyment. They have three goals, possibilities, support and value. Lowe’s offers a wide array of merchandise stocking 40,000 or more items, and special order items. Lowe’s installation is offered through independent contractors. Lowe's is an Authorized Service Repair Network allowing a customer to contact Lowe’s with a problem and get a solution. They also have a store credit card, which offers a five percent discount on everyday purchases and if a purchase if over $299, the customer may choose the five percent discount or no interest financing. The commercial credit...
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...Accounting/Financial Analysis Of Lowe's Inc. Lowe’s is the world’s second largest home improvement retailer and operated 952 stores in forty five states at their fiscal year ending January 30, 2004. The company is currently in the midst of the most aggressive expansion in its history with 130 new stores opened in 2003 and another 140 slated for this year. Lowe’s saw 2003 sales reach approximately $30.8 billion, due largely to their focus on the retail customers and home-improvement projects. Fifty eight years ago Lowe’s began as North Wilkesboro Hardware Company, a neighborhood hardware store fittingly named after the small town it was located in. Owned by partners H. Carl Buchan and James Lowe, this concept was more than a living, it was a vision of creating a chain of hardware stores. The concept was easy and straight forward. Lowe’s concentrated on selling only hardware, appliances and hard-to-find building materials while eliminating wholesalers and dealing directly with manufacturers to establish a reputation of offering the lowest prices. The company went public in 1961 and began trading on the New York Stock Exchange in 1979 (NYSE:LOW). In 1982, Lowe’s had its first billion-dollar sales year, earning a record profit of $25 million, establishing them as an industry force. Lowe’s has posted extremely strong numbers in the past few years and the company has grown rapidly, swelling it’s store base from 500 to over 950. Sales have increased an average of 20% per year...
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...Introduction Whether you own your home or rent, chances are that at some point you will find yourself looking for something that will lead you to one of these two retail giants. The home improvement industry has evolved from small regional and locally owned hardware stores to these superstores. The top two in the industry are Home Depot and Lowe’s. Each has their eye on moving into international markets, each has superstores in all 50 states and each has evolved along different paths to reach their current positions. According to Fortune 500 Home Depot, Inc. is ranked at #25 and the second largest retailer in the US after Wal-Mart. Home Depot Inc. has its corporate headquarters in Atlanta Georgia. What began in 1979 as two 60,000-foot stores that resembled warehouses has grown to about 2,200 stores across North America, Puerto Rico, and China. Home Depot Inc. is publicly traded on the New York Stock Exchange as NYSE:HD. At the end of 2008 Home Depot Inc. employed 331,000 people. Home Depot sales recorded and posted in 2009 are $71,288.0 mil. Home Depot Inc. is the number one home improvement retailer with Lowe’s coming in second place with sales posted in 2009 at $48, 230.0 mil.. Founded in 1946 Lowe’s went from a small hardware store to the ninth largest retailer in the US. Lowe’s went public in 1961 and began trading on the New York Stock Exchange as NYSE:LOW in 1979. According to Fortune 500 Lowe’s Companies, Inc. is ranked at #47. Lowe’s Companies, Inc. are headquartered...
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...What began as a small chain of stores established by a group of Chicago-area retailers in 1924 has evolved into the nation’s leading retailer-owned cooperatives. Throughout the years, many things have changed. From a few Chicago-area hardware stores, Ace has grown to include 4,600 stores in 50 states and 60 countries. Yet one thing has remained unchanged — Ace's commitment to deliver quality, friendly and helpful hardware service to consumers. Take a trip through the past decades for a look at the milestones and achievements Ace has enjoyed through the years. 1920-1940: The birth of an American cooperative Timeline 1924: Uniting their Chicago-area hardware stores to increase buying power and profits, entrepreneurs Richard Hesse, E. Gunnard Lindquist, Frank Burke and Oscar Fisher forge the beginning of Ace Hardware. 1928: By year-end, 11 retailers join the fledgling company, now officially named Ace Stores, Inc. 1929: Ace opens its first warehouse, a 25,000-square-foot building in Chicago, and benefits from the public’s unwavering need for tools and hardware – even in the most unsettling economic times. 1931: Ace Stores, Inc., officially changes its name to Ace Hardware Corporation. Ace’s growing retailer base and buying power helps the company compete with mail order houses and chain stores. 1933: The Sherman Hotel in Chicago is home to the first formal retailer convention, and Ace’s 38 dealers from Illinois, Indiana and Wisconsin attend. 1939:...
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...MKT/421 Marketing April 12, 2012 Marketing Mix Lowe’s was founded in 1946; Lowe’s has developed from a small hardware store to the second leading home improvement retailer worldwide and the 7th largest retailer in the United States (Lowe’s History, 2012). Lowe’s runs more than 1,745 stores in the United States, Canada, and Mexico. In 2011, Lowe’s received numerous distinguished industry awards, including number 50 on the Fortune 500 list, and three- time winner of the Energy Star Excellence Award in Retail (Lowe’s, 2012). Lowe’s sells a wide-range of home improvement products in its large, warehouse-style stores ranging from appliances to tools, paint, lumber, and nursery products. Lowe’s stocks 40,000 products in 16 categories (Lowes, 2012). Besides the products on hand they also offer hundreds of products by special order – offering. Lowe’s also offers installation services for some of their products as well. They offer installation services to more than 40 products. Examples of their installation products are appliances, bath, kitchen, plumbing, flooring, windows, doors, window treatments, lighting, and insulation among others (Lowe’s 2012). The installation service targets various customers. Customers in the older group and also people who are not DIY (do- it- yourselfers) as well as women and people on the go, which have no time. Lowe’s carries numerous brands in each product groups recommending a variety of price points for customers. For instance, in the appliance...
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...Wyatt Lowe Period 3 10-31-12 Piggy Analysis In the story Lord of Flies, by William Golding, there are many conflicts between the characters and the island, but some of the more important come between Piggy and the group. Piggy is seen to the group as the outsider, the member who doesn’t fit in. Although they treat him as an outcast, Piggy’s smart wits and his ideas are used by the group in reluctance, but end up playing a big part in the story. For example, it was Piggy's idea to use his glasses to start the fire. Jack, the leader of the choirboys, right from the start, reveals a deep dislike for Piggy. During the very first meeting when Piggy is asking the boys for their names Jack says, "Shut up fatty you talk too much." But when the fire is allowed to go out and they miss the possible chance of getting rescued Piggy says to Jack, "You didn't ought to have let that fire out, you said you'd keep the smoke going...." And Jack punches him in the stomach. Perhaps Piggy was right when he later told Ralph that Jack hated Ralph but he knew that Ralph would hit him back so he vented his anger on Piggy, who couldn't fight back. Piggy’s outer appearance serves as a vessel for the boys to make fun of him. Little do they know that his thoughts and ideas would help better the group and create a better chance of arriving back home. At the beginning of the story, we see Piggy following Ralph everywhere he goes, babbling off ideas and thoughts in his head. After his encounters with...
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...benefits package to both its full-time and part-time employees. (2012 Annual Report: Lowe’s, 2012). Current Total Rewards Program at Lowe’s In order to retain and recruit top-notch employees, Lowe’s offers benefits that are sought after by many. Several options for health care benefits are allotted depending on co-pay amounts, which cover standard care, prescriptions, dental, and vision. Lowe’s total rewards package offers paid and unpaid time off from work to their employees as well as a basic sick pay leave. In both vacation and sick pay, employees, after 89 consecutive days of employment, will accrue six days per year. (Lowe’s Employee Benefits, n.d). Employees have access to stock purchase plans, and 401K plans while employed at Lowe’s. “Lowes matches the first 3% deferred at each pay period at 100%” (Lowe’s Employee Benefits”, n.d, n.p.). In addition to these somewhat standard offerings, Lowe’s offers quite a few other notable benefits: • Life Insurance – Several plans are available to the Lowe’s employees depending on their needs and how much they want to receive in the event of their death or the death of a family member. The plans available are; basic term, employee term, supplemental term, dependent term, personal accident and travel accident plans. • Disability Insurance – Short and long term disability programs are set forth at Lowe’s....
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...Audit Again, we did not see this coming, though it's not as if Iglesias ought to be expected to bat below his weight, either. "He's pretty good at getting the bat to the ball," Tigers manager Brad Ausmus said. "Even down 0-2, he's got a chance to put the ball in play. He's got a very simple approach. There's not a lot of movement involved with his setup and load to hit. He's pretty good at getting the bat there to find a hole." Will it continue? Not at this rate, of course. Iglesias has seen 38.6 percent of balls he put into play fall for hits, an unusually high number that could be due to come down. He also had a .638 OPS in six Minor League seasons and a .678 OPS in his first 465 Major League plate appearances, so this early offensive outburst might be just that -- early. In a two-week stretch beginning April 18, Iglesias' average fell more than 100 points, so the correction is underway. Still, Iglesias' glove and actions in the field are so strikingly sound and he's working off such a fine offensive stat base that he has to be considered the early favorite for the AL honor. Bogaerts, though, is a good candidate to chase Iglesias eventually, if not immediately. Granted, he's not nearly as hyped as he once was. The Red Sox wouldn't have traded Iglesias to the Tigers midseason in 2013 if Bogaerts weren't waiting in the wings, and Bogaerts' national emergence that October made him seem like a star. But after a hot May last year, Bogaerts cooled considerably, looked lost...
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... I have seen, and happy to be a part, an amazing transformation over the last few years of where they are trying to take the company and feel that I would be proud to write a report on the #4 top retail of 2012. Finding Lowe’s on the list was not shocking but I was not aware of them being #4. I am proud of what they have accomplished in recent years and feel like they will climb up this list and remain a strong company on the overall fortune 500 list. Lowe’s has done many changes over the last few years in the way of marketing, social media and customer service. They have done a complete overhaul of how they worked and operated since I have been a part of their team since 2003. Social media has been a huge focus over the 3 last year. Lowes has revitalized their vision and mission statements used to create an appropriate strategic plan. Lowe’s has revitalized their vision and the way that it reaches out to the media. They want to convey that they have quality products and services and they can satisfy a broad range of customers through online shopping, in-store stocked shelves and a wide range of ways to get exactly what they...
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...5 Important Lessons from Roberto’s article The article, “What You Don’t Know About Decision Making” by, David A. Garvin and Michael A. Roberto looks at the decision making process those managers/supervisors have to go through and provide an in-depth look on how decision making will benefit the organization. The five important lessons to take from the article are how Garvin and Roberto explain the differences between “Inquiry” and “Advocacy” approaches to decision making. 1. The “Inquiry” approach to decision making values an open exchange of ideas, allowing for multiple solutions to a problem to be proposed and eventually leading to a critiqued solution that was reached by a group or committee. 2. The “Advocacy” approach to decision making is a competitive process where each group member competes for their proposal to be accepted by the other members. Alternative solutions are not proposed as much and there is competitive dissention amongst the members Also, Garvin and Roberto discuss what they call the “3 C’s of effective decision making”: Conflict, Consideration, and Closure. 3. Conflict is awkward, but constructive conflict can actually benefit the decision making process. If people are encouraged to debate ideas and mediated a fully thought out solution to a problem will occur, since everyone in the group has worked challenge it as much as possible. 4. Consideration is a key part in maintaining employee moral and spirits. The authors reported studies...
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...Lowes and Fothergill references 9/11 to give examples of volunteers’ motivation and behaviors associated with rescuing disaster victims. 9/11 was a vulnerable time for Americans and everyone came together through volunteering in mass numbers to help heal and to help cope with the pain. It is important for an emergency manager to understand the "need to volunteer" because the most noteworthy impact of their volunteer work was how the experience positively affected the volunteers themselves (Lowes & Fothergill, p. 303). Volunteers are not just motivated by assisting disaster victims but volunteers also get their needs met throughout the process of volunteering. The article pointed out the positive emotional experiences that the participants...
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...Erica Beal 7/26/2014 Home Depot vs. Lowes As a recent home buyer, I know first-hand the importance and value of having a local home improvement store. Within the first 6 months as a property owner, I have spent numerous hours, visits and money buying the essentials to complete my home. I never thought of myself as a loyal customer to Home Depot (HD) vs. Lowes (LOW) but after researching the two competitors, I have found myself take pride and loyalty with Home Depot. In this report, I will provide you with a full analysis comparing and contrasting Home Depot and Lowes. My conclusions will yield that clearly there is a difference between both company’s values and strategies, but importantly, Home Depot is a stronger investment for the short-term and long-term. My recommendations will support holding stock with Home Depot or invest soon. Quantity: The Value of Market Share In America, “size of the US home improvement retail industry is approximately $129.2B by revenues, with Home Depot leading the market with a 58.9% share; together Home Depot and Lowe’s account for 97% of the market share by revenues,” stated by William Bias. The fact remains that brand recognition drives price. There is clearly brand recognition and more importantly, brand loyalty with Home Depot compared to Lowes. And where does the brand loyal derive from…Proximity. The humanity that dwells within us tends to migrate to common and frequent people and venues. We are creatures of habits and Home...
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...Introduction One character in the novel. A Night Divided.by Jennifer Nielson Gearta Lowe as known as the main character. Mama is the mom and named Katharina. Gearta was worried the wall being up because they did not sleep well. The fears were only getting up before Gearta was wearied. Gearta is a hardworking and active character. Paragraph 2 Gearta Lowe also known as the main character is a hardworking character. The first thing Gearta douse is dig when her mom leaves. Gearta was going to stand up and be hardworking or sit in chains so the first thing Gearta did was dig. The other time was when they were working they heard someone digging. They are active because they are always helping and sometimes digging. Lastly they were working and...
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...Pamela Ramasami ARH 2050 Prof Kaufman Lowes Museum Paper 1. Greek and/or Roman art: How is the body depicted in the art you select? Greek Chosen Art Work: Calyx Krater, Unknown Artist, 4th century BCE, Ancient Greek Next to Art Work: Bacchanal, by Anthony Triano, 1966, United States The Calyx Krater has an abstracted style. The bodies are proportional to the scale, however the main god, Dionysian is the standout character throughout the piece. The bodies’ of the subjects have an idealized style. For example, Dionysian’s body is detailed to show muscles that convey strength. His body is covered with a simple toga, which loosely hugs him, to show off his natural male body. Like the male subject, the female has on a long strappy dress, which loosely covers her body, to hide any identifying curves. Although, all the figures are all minimally clothed, none of them has gender related details. For example, even though the satyr is completely naked, no pubic detail is present. Nor are any lines to symbolize the breasts on the female subject. The facial details of all the subjects are barely discernible, as if to draw the viewer’s attention towards their bodies. Roman Chosen Art Work: Vertummus, Unknown Artist, 200-250 Ancient, Rome Next to Art Work: Eros, Artist Unknown, 1st century, Ancient, Rome The depiction of Verummus represents an idealized style. The body is depicted with a sense of strength and presence. The artist portrayed this great warrior’s strength...
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...improvement retailers are Lowes and Home Depot. The two have been the largest retailers in the industry for over a decade. There are several similarities and differences between Home Depot and Lowes regarding market, size, and strategic priorities. One similarity is the size of their stores. Lowes stores have a space of 112,000 square feet and 31000 square feet of garden space, while Home Depot has 24000 square feet of garden space and 104000 square feet of enclosed space (Fernando, 2015). Home Depot offers services to both male and female; nonetheless, it is predominantly made up of men. Home Depot offers a wide array of products to its current market. On the other hand, Lowes offers products and service for both genders. The stores are arranged in such a manner that it is a female friendly environment. This stresses the significance of improving the feel and look...
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