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Mktg 305

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Lowe’s Home Improvement
By Noe Rodriguez
MKTG 305-07
American Intercontinental University Online
September 23, 2012

Abstract
The paper contains information regarding Lowe’s home improvement. The 4 Ps of marketing that Lowe’s uses at this time are also included in this paper; Lowe’s is considered an oligopoly as the second home improvement store in the nation, explanation on how it has dealt with Home Depot and other stores is part of this paper.

Lowe’s Home Improvement
Introduction
Lowe’s is a great company in the fortune 500 which serves home improvement and, has been around for 60 years; it was founded in 1946 and it is considered today the largest home improvement retailer globally. Lowe’s has 1,745 stores within the USA, Mexico and Canada; it ranks number 54 in the Fortune 500 list, it also is a contributor to the consumer by contributing over $32 million dollar to different schools. (Lowe’s.com)
Countries
Lowe’s operates in the USA, Canada, Mexico and Australia; the expansion to Canada began in 2007 where Lowe’s open a store in Hamilton, Ontario; then in 2008 proceeded to enter the market of Monterrey, Mexico, and is building 150 stores in Australia. In the USA alone it has 1,710 stores.
4Ps of Marketing Lowe’s There are market types which are to be considered important and they are competition, monopolistic competition, monopoly, and oligopoly, because Lowe’s is constantly in competition with Home Depot and some others it is in an oligopoly marketplace.
Product
Lowes has a variety of home improvement products which are stored in a large warehouse and will include décor for homes gardening supplies. Paint, flooring, cabinetry as well as household appliances; for every store there is 40,000 stock keeping units. Lowes will also offer installation on some of its merchandise.

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