Lowe's in Trouble

Feb 13, 2012 | Posted by: roboblogger | Full story: CNN

Lowe's Companies Inc. is offering certain corporate office staff in Mooresville and Wilkesboro a lump sum severance payment and other benefits to end their employment with the company through a "voluntary separation program" . "The majority of employees in Wilkesboro and Mooresville are eligible.

Comments (Page 2)

Showing posts 21 - 40 of315
|
Go to last page| Jump to page:
calmer

West Palm Beach, FL

|
Report Abuse
|
Judge it!
|
#23
Feb 14, 2012
 
I distinctly remember Lowes moving associates off salary way back. Right about the time when they got in trouble for not paying ot correctly.
NEDM

Pembroke, MA

|
Report Abuse
|
Judge it!
|
#25
Feb 14, 2012
 
To comment on sears they have shrunk dramatically over the past 10 year and merged with kmart. They are hardly a place where people go to shop these days.

american it isn't stocking shelves with asian sweat shop made goods as many of them are the same you'd find at any other retailer. What is your suggestion expensive domestic goods that fewer people would buy? Can't have it both ways. Remember when you print up money naturally you can inflate a country to become more expensive. To argue that all countries have the same conditions is a bit odd. Just as there are differences domestically. You cannot afford to hire someone in Manhattan for the same wages as say, Kimball Nebraska. We used to have factories all up north but they moved south for the same reasons but we didn't call southern factories sweatshops.
sales spec ohio

Delphos, OH

|
Report Abuse
|
Judge it!
|
#26
Feb 14, 2012
 

Judged:

2

2

1

Wow, things are pretty heated amongst those in difftering positions in the company...Dept Manager, no need to be hasty as i think most would tell you the goal of LEF does make sense as every company needs to evolve. that being said i think that a certain board of directors has a short term gain in mind. I for one can tell you that i do see where lowes is going with this plan...just would have liked to have seen this started a couple years ago, and spread out over more time to ease the transition for everyone in the company. I can also tell you that Lowes does NOT overpay their specialist...i for one have more experience than most of our CSAs in many areas, not only retail. I do in fact make less per hour than a good deal of them. i have been at lowes for 5 years, busted my a$$ in plumbing of all dept to earn my spot in appliances. scenario for you... Specialist A, in postion for say 10 years, pretty much topped out in hourly pay at say 40k per year (market adjusted) aslo sold 2million plus last year. Specialist A made 100k in compensation. this year they will cust his 60k of spiffs and commisions in half, giving a total of 70k in earnings...not bad right? now take specialist B who was hired in under the "well your hourly is lower because you get commissions no one else gets" premise. Specialist B makes a gross of just shy of 26k a year. specialist B does not live in a high dollar market so B made roughly 14 in spiffs last year. again we split that in half and B grosses 33k...welcome to poverty level for your family Specialist B... Paid better than CSA's? i think not... My department manager makes $5.00 per hour MORE than i do...and i can assure you that it is not based on his "knowledge" or "selling skills" Some of us, contrary to popular belief are severely underpaid... i dont have to worry about making my spiffs...im too busy trying to figure out how i am going to get groceries in the future now that this has happened. Lowes is not going to get better pricing simply because they are keeping our spiffs...its called the fair trade act...not to mention that the big orange box doesnt pay spiffs and it doesnt appear they are getting better pricing. and what sucks even more...there is not a damn thing we can do about it. The way i see it one of two things can happen...Lowes can push all these changes (and im sure this is just the tip of the iceberg) through in a mass rush and somehow get extremely lucky and make it work...or they will fall and fall hard. Consumer confidence will falter...with that so will stockholder confidence...sure we can say we are making cuts and "restructuring" to poise ourselves for the future of retail but doing this much this fast will make us look worried and like we are in trouble. I hate that the company i at one time had much respect for is making such a gamble. but hey such is the power of corporate greed i suppose. I will remind you that even though losing my spiffs and commissions has left a sour taste in my mouth i still go to work every day, i am still selling and taking care of my customers, i still have a job to do...well now 2 jobs. families gotta eat right...
proud associate

Columbia, SC

|
Report Abuse
|
Judge it!
|
#27
Feb 14, 2012
 

Judged:

4

3

1

dear unhappy associates. over the last nine years i have seen our company give when times were good and take when it was needed. We live in a world of falling margins due to the e-net and as a company hard decisions must be made. We have to lower our cost of goods to be competive with the amazons and other e-net companys. On average most specialist will still average over $15 per hr. or more than $31,000 per year. While i understand this is tough on a one income family, my wife and i both work to make ends meet and always have. You must decide to either buckle down untill times get better or work somewhere else. Best Buy has approx. 60,000 employees that sell products that can all be purchased on the e-net. I wouldnt recommend going to work for them. thanks for listening.
a real employee

Acworth, GA

|
Report Abuse
|
Judge it!
|
#28
Feb 14, 2012
 

Judged:

1

department mgr in Dallas GA, get a life. If you want to tow the company line that is all fine by us but don't drag your personal feelings about your own inability to be a real salesman into it. I hear all you pansy dm's complain about how difficult your job is but in reality you do very little to help the bottom line for blowes. Your role in blowes stands as an over paid stock boy who has no clue how to make a schedule work other than creating one that benefits your own personal agenda. You do not follow your rotations and could not do an in aisle evaluation to save your life because other than the script that you're given you have no clue on what to look for in a sales interaction.

I have done your job as a department manager at a far more difficult employer where I not only had to be the top salesman but also the person that evaluated the employee, made the effective schedule, put up my freight after unloading my truck in less than 38 hours a week due to meetings to talk about all of the things above.

So, until you can contribute to the bottom line department manager in Dallas GA, you need to keep your trap shut and thank about it you moron.
Larry Stone

Mooresville, NC

|
Report Abuse
|
Judge it!
|
#29
Feb 15, 2012
 

Judged:

2

1

1

To the "A real employee" Spoken like a person who things he or she deserves something, shut up and go to WORK!
smart

Fort Worth, TX

|
Report Abuse
|
Judge it!
|
#31
Feb 15, 2012
 

Judged:

4

2

1

If any of you were smart you would do what I did.. I have worked for lowes 10 years specialists to dept mgr to ASM.. Yes I lost money in spiffs moving up but I'm not greedy... I took all my spiff money and invested it never counted on it, so think you lowes for making me rich. I think it's hard what they did but it makes it equal across the board about time lowes...
NEDM

Pembroke, MA

|
Report Abuse
|
Judge it!
|
#32
Feb 15, 2012
 

Judged:

2

1

If you think you are underpaid then simply find another retailer that would pay you for what you think you are worth...

O wait lowes is one of the only ones that paid commissions for so long.

You should never count on commissions as base pay. I don't agree as to how they did this as a gradual phase out would be better but anyone can see this was dying for the past 30-40 years.

If the vendors don't pay spiffs lowes cannot force them to do so. Besides as more product becomes store brands the days are numbered. Why should whirlpool pay extra for a spiff to sell the same product at lowes that it sells at home depot?

SOS I always thought was under used because there is plenty of great product in it but frankly catalogs make it looks like they are selling amway products! Recently an internal document illustrated that by changing the way how the website finds product the sale of knobs increased from 4.2k to over 11k in less than three months. That's just one product line. It is pretty damn hard to balance product name, product number and the vendors product number because things can conflict. Don't forget trade name, competitor name and some nick name. There's a ton of money that the company is banking will happen from the internet sales.

$4 gas is going to happen this summer and if things really heat up in the middle east try $5. Customers aren't going to want to go into the stores with this being the case.
pem2

Marshfield, MA

|
Report Abuse
|
Judge it!
|
#33
Feb 15, 2012
 
Hey NEDM, you would have more credibility if you were not FIRED from lowe's
ChuckyDoll

United States

|
Report Abuse
|
Judge it!
|
#34
Feb 15, 2012
 
pem2 wrote:
Hey NEDM, you would have more credibility if you were not FIRED from lowe's
I've been saying that forever!
Donkey Herd Blues

AOL

|
Report Abuse
|
Judge it!
|
#35
Feb 15, 2012
 

Judged:

2

2

1

Hey, just have Lowe's hire illegals. They'll work for slave wages because they'll be subsidized by the taxpayers. You know, they'll be able to sign up for all the free benefits that their baby mama's and their anchor babies will be entitled to under Obama.

Oh, BTW, better learn spanish so you can communicate with the "new" Lowe's employees...

Since: Oct 11

Location hidden

|
Report Abuse
|
Judge it!
|
#36
Feb 15, 2012
 

Judged:

1

Donkey Herd Blues wrote:
Hey, just have Lowe's hire illegals. They'll work for slave wages because they'll be subsidized by the taxpayers. You know, they'll be able to sign up for all the free benefits that their baby mama's and their anchor babies will be entitled to under Obama.

Oh, BTW, better learn spanish so you can communicate with the "new" Lowe's employees...
You are a complete douche! That has NO business in this forum.
NEDM

Pembroke, MA

|
Report Abuse
|
Judge it!
|
#37
Feb 15, 2012
 

Judged:

2

1

1

"Hey NEDM, you would have more credibility if you were not FIRED from lowe's"

huh? I wasn't fired from lowes I put in my two weeks and left years ago.

What specifically leads you to believe that I was fired?

Never had a write up, no issues at all.
Sheik Yerbouti

Lambertville, NJ

|
Report Abuse
|
Judge it!
|
#38
Feb 15, 2012
 

Judged:

2

It seems that corporations are working overtime figuring out more ways to screw American workers. What is particularly appalling is that there are actually people who think this is a good thing! Did the senior executives take pay cuts?
little too much today

Mooresville, NC

|
Report Abuse
|
Judge it!
|
#39
Feb 15, 2012
 

Judged:

1

Everyone needs to stop and take a breath. I was asked today "what will you do when you lose your job" ... well, my answer is clear, I will move on and move forward, not whine about it. People are losing their jobs EVERYWHERE, not just Lowe's. It's time to move forward and just wait.
american

Smithfield, NC

|
Report Abuse
|
Judge it!
|
#40
Feb 15, 2012
 
NEDM wrote:
To comment on sears they have shrunk dramatically over the past 10 year and merged with kmart. They are hardly a place where people go to shop these days.
american it isn't stocking shelves with asian sweat shop made goods as many of them are the same you'd find at any other retailer. What is your suggestion expensive domestic goods that fewer people would buy? Can't have it both ways. Remember when you print up money naturally you can inflate a country to become more expensive. To argue that all countries have the same conditions is a bit odd. Just as there are differences domestically. You cannot afford to hire someone in Manhattan for the same wages as say, Kimball Nebraska. We used to have factories all up north but they moved south for the same reasons but we didn't call southern factories sweatshops.
You think you are saving money by buying these cheaper goods,but you don't factor in the cost of high unemployment.It has added cost to the fewer that are working paying for all the government benefits handed out.It is a huge factor in the rising crime rate.It factors into the housing crisis, it cost the social security trust fund.In the end the 1% benefits while the rest of us face a lifetime of decline.(Didn;t even mention the ones without health care and how that cost is spread through society}
NEDM

Pembroke, MA

|
Report Abuse
|
Judge it!
|
#43
Feb 15, 2012
 
american you don't get it.

The reason why some products are cheaper to make in other countries is mostly because of our taxes and regulations that make the costs so much higher here. OSHA, DOT, DOL etc.

It hasn't cost us the social security trust fund because frankly there is no social security trust fund. The money that is paid into it is immediately paid out again. What you pay does not go into a private account it pays for those that are on it. Besides how exactly would the first people on it actually get it if there was no fund?

Rising crime? Crime has been going down nationwide. Yes of course it happens but you have to understand that what we classify as crime is not alway a crime in other countries. Half of the people in prison are in for drug related offenses.

Manufacturing still exists in the USA but it is largely based on enginnering rather than a assembly line process that requires little skills and ability. Which is also why we have automated so many tasks. We could try to make jobs if we shunned technology but it would be stupid. No one wants to chop ice instead of having a freezer or go back to a horse and buggy instead of a car...or wash clothes by hand or listen to a town crier instead of using the internet.

If you use the internet you can find more domestically made goods.

At the same time we should understand that many goods are simply maximized. By that I mean that there are fewer consumers that don't have it. Who doesn't have a fridge or a tv at this point? How fast does someone wear out a car? How fast does clothing wear out? As a country we mostly consume food and energy (household and to travel)...that's about it. Houses are no longer ATM's so the savings rate is now going back up. As people spend less money they spend less on wants and lean more on needs. That's why home improvements are going down and it is hurting lowes. Why would someone put down a new hardwood floor if they aren't planning to move? It might add to the value of a house but what's the point if it makes it less affordible to others? It is like a fully customized car being sold to a pawn shop....it won't sell because it is over customized.

It could be argued that buying organic foods is better for the farmer. But this higher cost doesn't translate into better nutrition.

Since: Feb 12

Location hidden

|
Report Abuse
|
Judge it!
|
#44
Feb 15, 2012
 

Judged:

1

Larry Stone wrote:
To the "A real employee" Spoken like a person who things he or she deserves something, shut up and go to WORK!
Dude, you need to stay up there in moronville and keep to yourself. blowes does owe me what my talent is worth as it does to all other people that can and do close sales on a daily basis. I am taking my talent elsewhere because what blowes IS doing is blatant stealing of commissions paid by the manufacture to the employee. blowes is only the facilitator of the transaction and now they want to keep it all. Just another case of a bean counter running a company into the ground. But I bet you thought "new coke" was a great idea also.
bebo

Wichita Falls, TX

|
Report Abuse
|
Judge it!
|
#45
Feb 15, 2012
 

Judged:

2

2

1

Really? Lowes is just fine. It's people taking anything CNN reports seriously that are in trouble believing that liberal trash reporting.
One of the 1700

Lake Charles, LA

|
Report Abuse
|
Judge it!
|
#46
Feb 15, 2012
 

Judged:

2

2

1

All quality companies pay their sales people based on their sales results. Doing this encourages the salesperson to be motivated/engaged in focusing on the customer and going out of their way to sell products. If there is no incentive, then sales will decrease. This is a fact. Remember Circuit City. They did the same thing. I could tell immediately when they stopped paying commission because their sales people lost their motivation. Then, a few years later they closed their stores. Lowes is on a downward spiral that seems to be out of control. Keep your eyes and ears open and be aware. If you ignore what is in front of you, then one day soon you may be called into a meeting and get "punched in the stomach". I doubt that you will walk out thinking: " at least I have a job." I hope I am wrong, but the things that are happening at Lowes are not new. It is just history repeating itself. Good Luck folks. Keep your heads up.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 21 - 40 of315
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••
•••
•••
•••