Will Lowes be Around in Ten Years?

Will Lowes be Around in Ten Years?

Created by HonestAbe on Jul 15, 2012

124 votes

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Yes

No

Who Cares

Maybe if they listen to their employees.

HonestAbe

Saint Petersburg, FL

#1 Jul 15, 2012
What do you honestly Think???
onborrowedtime

Mooresville, NC

#2 Jul 15, 2012
i doubt that it will be a fortune 50 co.. i can see it being bought up as it over diversifies. lef is a joke. the senior management positions seem to be held by people who's sole interest is 'self' employee moral is disheartening at best. i hope it is around in 10 yrs, i've been here for 12yrs and will hopefully be retired before it's demise of course i never did get any of that 'pie in the sky' crap thay were feeding back then but i've gotten by reasonably well.
nedm

Pembroke, MA

#3 Jul 15, 2012
Hard to say. Maybe they could go down the albertsons route and shatter it into a dozen or so pieces to be sold off while keeping a sliver.
CSA5

Wildwood, NJ

#4 Jul 17, 2012
http://www.forbes.com/fdc/welcome_mjx.shtml
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Depnds on who Amazon decides to team up with.
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RIP Hechingers,Bulders Square, Circuit city,tc.
Furby

Mooresville, NC

#5 Jul 17, 2012
Read an article about Amazon spending up to $1 billion to build warehouses near major metropolitan areas to offer SAME DAY shipping. If this comes to fruition then I doubt Lowes will be around in 10 years.

Since: Feb 12

Location hidden

#6 Jul 17, 2012
Furby wrote:
Read an article about Amazon spending up to $1 billion to build warehouses near major metropolitan areas to offer SAME DAY shipping. If this comes to fruition then I doubt Lowes will be around in 10 years.
Meanwhile Lowes still fails to pull a simple internet within 20 minutes.....

Since: Oct 11

Location hidden

#7 Jul 17, 2012
SuperFun9000 wrote:
<quoted text>
Meanwhile Lowes still fails to pull a simple internet within 20 minutes.....
Hopefully I will be retired before then. If they close the only people who get hurt are the store employees. Corporate Managers walk off with golden parachutes worth possibly millions. Must be nice to get rewarded with huge sums of money for failing at their jobs.
DMxMD

Waterford, MI

#8 Jul 17, 2012
How many modern distribution centers can you buy with $1B? I'm not thinking that many. It'll be a while before they can handle same day deliveries. Meanwhile, we do it now and its not that big of a draw. When the place that ships your amazon order is in the same state as your location you will have to pay sales tax as well, which will further hinder the incentive to buy online.
Bunkers Hole

Bluefield, VA

#9 Jul 17, 2012
Since Lowe’s just loves to use silly acronyms, how about L.B.S.(lowe’s basic service… or the “bs” of your choice).

1. offer customers a clean and safe environment to shop
2. have products nicely displayed and in stock available to purchase TODAY!
3. fine-tune products/services offered… ramp up lines that move and eliminate product/service which don’t
4. offer truly competitive pricing
5. create an effective marketing plan that promotes the above
6. eliminate waste! the redundant, outdated and unnecessary reports, paperwork, tasks and programs, close under-performing stores, fix the return policy, reduce corporate staffing levels, etc. Simplify everything and eliminate the layers upon layers of waste we now have
7. offer “real” customer service by employing a knowledgeable and well-trained staff. Hey corporate… remember your rock stars and “brand” are on the floor every single day… understand this and rewards all levels appropriately
8. hire a CEO that has vision, can truly motivate and inspire his staff, can make tough decisions, is a good public speaker and represents our brand (I’ll bet nedm would do it for $25 bucks an hour!)

Lowe’s has failed to learn that more is not always better. Will Lowe’s be around in 10 years? I think so. In what shape and form is the question…
nedm

Pembroke, MA

#10 Jul 17, 2012
eh... I wouldn't mind running a small hardware store provided the pay would be good but not so much box stuff these days. Franchises looked appealing at first but frankly the companies screw them over. Quiznos used to be huge near me but then fell apart due to their poor policies (monopolies on meat prices and they are high, no say on training, must take coupons even with a loss etc)

Bunkers I know what you are saying with the steps especially on #6. Like why have a price audit if there's a pricing team to start with?

Prices are interesting, there's a supermarket chain near me that will probably be gone within 18 months. The high end consumer went to whole foods and trader joes with low end to target, walmart and dollar stores (yuk!). Now their stock is less than the price of a happy meal.

Since: Oct 11

Location hidden

#11 Jul 17, 2012
Bunkers Hole wrote:
Since Lowe’s just loves to use silly acronyms, how about L.B.S.(lowe’s basic service… or the “bs” of your choice).
1. offer customers a clean and safe environment to shop
2. have products nicely displayed and in stock available to purchase TODAY!
3. fine-tune products/services offered… ramp up lines that move and eliminate product/service which don’t
4. offer truly competitive pricing
5. create an effective marketing plan that promotes the above
6. eliminate waste! the redundant, outdated and unnecessary reports, paperwork, tasks and programs, close under-performing stores, fix the return policy, reduce corporate staffing levels, etc. Simplify everything and eliminate the layers upon layers of waste we now have
7. offer “real” customer service by employing a knowledgeable and well-trained staff. Hey corporate… remember your rock stars and “brand” are on the floor every single day… understand this and rewards all levels appropriately
8. hire a CEO that has vision, can truly motivate and inspire his staff, can make tough decisions, is a good public speaker and represents our brand (I’ll bet nedm would do it for $25 bucks an hour!)
Lowe’s has failed to learn that more is not always better. Will Lowe’s be around in 10 years? I think so. In what shape and form is the question…
#6 is spot on. There is so much wasted time,effort, processes etc. that boggle my mind. But, until they get out of their ivory tower in the Carolinas and spend time on the floor with us grunts, talking, listening, learning-they will not know where the inefficiencies as long as they stay in their offices. They associate with people who think like they do and they just keep repeating what has been proven to be inefficient over the years. The young bucks are trying to make a name for themselves and climb the corporate ladder...they do not think out of the box or listen to the people who do the work every day. Example-Bright Ideas is a waste of effort-they want to appear to be listening but in actuality they don't care. Maybe they will if they end up like Circuit City or Best Buy, but I doubt it. Pride is a vicious thing and must kill some common sense brain cells.

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