The Home Depot's Product Portfolio Strategy
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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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On 3/21/17 at approximately 10:53 AM (Cam 54) I Ren Oldaker Loss Prevention Manager for Sportsman 's Warehouse was viewing my customer service camera and noticed that Store Manager Amy Slaugh 's husband Curtis Slaugh was buying a gun safe ( SKU 1263137/ 99.00). I also saw Archery lead Mikey Axthelm and Store Manager Amy Slaugh with him at customer service. When they came to customer service Axthelm told the cashier to give Curtis the safe for a discounted price, at this time I did not know what that price was. Curtis then talks to Amy and Axthelm briefly and then leaves.
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Both Lowe’s and Home Depot have close relationships with their suppliers. As a result, suppliers are often time discouraged from doing business with competing firms – which is a weakness to the supply chain, and hinders business developments and limits one’s market strategies. Home Depot faces the threat of substitutes as a result general merchandiser i.e., Walmart and online retailers availability of home improvement products. Given the fact that the vast majority of Home Depot’s revenues are generated in the American market, the slowdown of the U.S. economy extends a major threat.
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866 Words | 4 Pages
The company is now producing and distributing over 70,000 products for hobby and craft lovers across the U.S. All of their products are distributed from one warehouse their home base in Oklahoma City. Hobby Lobby strives to keep prices affordable for those that are living on a budget. The products sold in their stores include thread, yarn, fabric, flowers, décor, greeting cards, picture frames, buildable crafts, scrapbook crafts, seasonal items, wedding products, jewelry, wearable items and more. The product lines vary in color, style, material, size, room location, type, brand, and many more. Each month district managers visit each store to check the inventory and safety stock levels of 100 different products.
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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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Stocking of Hobby Lobby Shelves Hobby Lobby is a prominent arts and crafts store that also sells fabric and home décor items. With over 500 locations nationwide, Hobby Lobby is one of the leading arts and crafts retailers in the country. As a result, Hobby Lobby employees are expected to stock merchandise correctly.
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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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Home Depot and Lowe’s websites inform consumers of the wide range of home improvement products and services such as appliances, tools, outdoor equipment, and more. The extensive product catalogs provide detailed product information, pricing, and availability around
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You can also avail home & garden products like furnishings, bathroom accessories, kitchen appliances and many more. They also provide a wide range of gifts for your loved ones.
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They also noticed a rise in do it yourself (DIY) customers who completed projects and crafts at home on their own. The owners saw the need for excellent customer service and the rise of homeowner DIY projects as an advantage to the competition. Most retailers at that time carried small amounts of inventory and limited what was sold in their stores. However, Home Depot would build bigger stores that could house more inventory, giving customers more options.
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Fredrick Herzberg identified factors that are important in an efficient work place environment and noted how to maintain highly motivated employees. The Container Store has strived to ensure that their employees are extremely motivated in the work place. Employees of The Container Store are continuously motivated through recognition and personal growth. Motivational hygiene factors reassure an employee’s position within a company, and can also drive them towards higher achievements At the current level of motivating employees, The Container Store shows their gratefulness towards employees on multiple occasions throughout the year.
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I am submitting my proposed Product Portfolio for your review, Dr. McChesney. My proposal addresses our expended support to include third party products, as well as products that I believe should be either redeveloped or discontinued. In our effort to progress to a full service provider for our every-increasing customer base by providing support to include third party products, as well as providing consulting services, we have found that we may have expanded too much and are experiencing some hardships. We are experiencing problems completing our product development to market, and are not supporting our customers appropriately. Our business is suffering as our product quality has decreased due to the new products and services we have
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