Lowes Swot Analysis
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Business Description: Lowe’s companies, Inc. established 72 years ago at the year of 1921, Its a home improvement retailer, functions through the United States for building materials and supplies. Headquartered in North Wilkesboro, North Carolina, serves more than 17 million customers a week from all stores. Currently, Lowe’s operates in 1,820 stores within the United States and 310 stores internationally in Canada and Mexico. Lowe’s is known as the second largest US home appliances retailer after Sears.
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Lowes vs. Home Depot Home Depot and Lowes compete in the same home improvement industry strategic group. The Home Depot is implementing a low-cost provider strategy but focuses on serving the do-it yourself consumer buyer. Home Depot is also developing more in the international markets. Lowe’s customer focus is on the professional, the do-it-yourself consumer, and the do-it-for-me consumer. In some cases, Lowe’s is on the cutting edge of market trends with Home Depot employing a follower strategy also implementing a low-cost provider strategy.
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and went public. Lowe’s was one of the world’s first retailers who used computers for inventory management since that time. By the end of 1960s Lowe’s Companies Inc. had expanded to approximately 50 stores and dealing almost exclusively with contractors and construction companies with sales around $100 million. During the 1970’s the market started to change, the cost of buying a home went up and a rise in the do-it-yourself market came about. Despite the change in the market Lowe’s Companies Inc. continued to expand their current business plan with the opening of 200th Lowe’s store in Indiana, in 1979.
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Lowe’s has two different design layouts for their stores. One of their layouts that cater more to the larger metropolitan markets while the other layout is smaller an intended more remote location areas. The sizing of the store depends on which area and group that they are trying to reach. Stores that are owned by Home Depot stock product quantity amounts from 35,000 to 45,000 in a year for their stores (encyclopedia.com, 2017.)These products include power tools, painting materials, plumbing materials, electrical materials, appliances, gardening materials, landscaping items, and more. On the contrary, Lowes has a large number additional products in their store that include home décor items, home repair materials, home maintenance, and more that can be specially ordered (encyclopedia.com,
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Strength Strong and efficient distribution system One of the strength that Lowe’s possess is the strong and efficient distribution system. Lowe’s operates 14 regional distribution systems. They also have 15 flatbed distribution centres for lumber, building materials and other long-length items. This allows Lowe’s to efficiently distribute 75% of its merchandise to its sores. Its customers can make a large scale order at once and get discount.
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Lowe’s Companies, Inc. – Fortune 500 Writing Assignment Lowe’s Companies, Inc., is a vendor that offers environmentally responsible home development merchandise, packaging, and do-it yourself informational services at everyday low prices. Lowe’s was founded in 1946 and the first store, now the corporate office, was based in Mooresville, N.C. Currently this company attends to above 17 million patrons a week in Canada, Mexico and the United States. Today Lowe’s is one of the top U.S. operating companies and is ranked number 40 on this year’s Fortune 500 list.
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Lowes Companies, Inc. The Home Depot, Inc. Menard, Inc. Open more stores Open more stores Slowly controlled growth Target women Target DIY Target DIY, customer centric Centralized distribution Increase regional distribution centers Hub-and-spoke distribution system Better store appeal Improve supply chain and merchandizing tools.
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63.6% of Sherwin-Williams Company sales come from it’s self-branded locations throughout the United States, Canada, and the Caribbean. Sherwin-Williams opened 83 new locations this past year with a total now at 4,086. In March of 2017, Sherwin-Williams launched HGTV-Home. This is a product line that will be sold exclusively through Lowe's home improvement stores which amount to 1,845 locations. At the end of March, 2017, it was announced that Sherwin-Williams will acquire The Valspar Corporation for approximately $9 billion.
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Although, Home Depot and Lowes have the same concept of Do It Yourself home improvements. The companies differ in several ways. Both companies provide discounted merchandise and market their companies as a company that cares and give back to the community. Home Depot marketing slogan is known as “Do It Yourself”. Home Depot was known for their orange apron requesting customers to ask for project assistance.
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As a small hardware store in 1921, Lowe’s was founded by Lucius Lowe. The store started in North Carolina, after Lucius death in 1940 the store was passed to a brother Jim Lowe. In 1952 to 1960 stores started to pop up in other areas, with the new owner, the brother in law Carl Buchan. By 1979 Lowe’s became a member of the New York Stock Exchange (LOW) (North Carolina History, 2016). By Lowe’s buying straight from the manufactures, they were able to avoid higher prices and pass the savings on the consumers.
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As we begin I feel that we need to look at the History of one of the top two home improvement stores in the world. Like so many companies that have grown to be known around the world lowes is not much different. The story of a sleeping giant began in the small town of North Wilkesboro, North Caroline back in 1921 under the name of Lowe’s North Wilkesboro Hardware L.S Lowe run the store until his death at which time the store was taken over by his son James Lowe and his brother in-law Carl Buchan their owner ship would be put on hold due to World War II with both of them serving in the Army it was during this time that the Mother and sister run the Store. Buchan was wounded and discharged from the Army due to his injuries in 1943 and returned
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Oaks Mall in Gainesville, Florida, which is in northern Florida. The largest city in Alachua County, Gainesville is the largest growing populated city in Florida. Oaks Mall 's anchor stores include Belk, Sears, JCPenney, and Macy 's, and opened in 1978. Whether you 're done getting all that fun shopping done, or you just want to head to a nearby restaurant, you can hop over to Crafty Bastards Restaurant and Pub! Sometimes the old adage "when in Rome" is just so applicable.
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History of the United States On July the 4th, 1776 the United States declared its independence from Great Britain who had colonized the United States since 1607. Britain didn’t accept the declaration but they could do nothing to stop it, because an armed revolution already emerged, the revolutionary war lasted from 1775-1783 and with the help of France, Spain, Netherlands and Prussia they allowed the 13 colonies to remain independent. The first attempt of democracy in the United States failed because the states where so powerful and it was hard to make them function.
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Strengths: As a student one of my strengths is organization. I can say I can keep my school materials and notebooks organized in a way that I and others can comprehend. The reason I can say I am organized is because, I have hardly ever had in the past or present any issues with trying to find homework or assignments because I always kept my materials for each class organized and in a place I could easily find. Another strength I have is social skills. I can believe that I communicate with others well in a group.
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