Premium Essay

Company Overview; Lowes

In: Business and Management

Submitted By stuck
Words 2709
Pages 11
Company Overview of Lowe’s
Second to only Home Depot, Lowe’s is a leading retailer in home improvement commodities and hardware products. Founded in 1946, Carl Buchan envisioned a chain of hardware stores from a small town in North Carolina. Now with more than 1,750 stores, in all fifty states, Canada and Mexico, Lowe’s prides itself on top quality products at everyday low prices (About Lowe’s: Lowe’s Newsroom, n.d). Lowe’s has over 245,327 employees on their payroll and offers a respectable total rewards benefits package to both its full-time and part-time employees. (2012 Annual Report: Lowe’s, 2012).
Current Total Rewards Program at Lowe’s
In order to retain and recruit top-notch employees, Lowe’s offers benefits that are sought after by many. Several options for health care benefits are allotted depending on co-pay amounts, which cover standard care, prescriptions, dental, and vision. Lowe’s total rewards package offers paid and unpaid time off from work to their employees as well as a basic sick pay leave. In both vacation and sick pay, employees, after 89 consecutive days of employment, will accrue six days per year. (Lowe’s Employee Benefits, n.d). Employees have access to stock purchase plans, and 401K plans while employed at Lowe’s. “Lowes matches the first 3% deferred at each pay period at 100%” (Lowe’s Employee Benefits”, n.d, n.p.). In addition to these somewhat standard offerings, Lowe’s offers quite a few other notable benefits:
• Life Insurance – Several plans are available to the Lowe’s employees depending on their needs and how much they want to receive in the event of their death or the death of a family member. The plans available are; basic term, employee term, supplemental term, dependent term, personal accident and travel accident plans.
• Disability Insurance – Short and long term disability programs are set forth at Lowe’s.…...

Similar Documents

Premium Essay

Mktg 305

...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. (Lowe’s .com) Price Lowe’s does carry many brands and......

Words: 526 - Pages: 3

Premium Essay

Rr3E2

...International Marketing (MKT09901) Category | % allocated | Overview of the company, portfolio and any recent international activity and its trading environment. You need to give some background information on the company involved as well as its portfolio - discuss the product/service portfolio using the BCG matrix and whether or not it is a standardised product/service/concept. Porter’s Generic Strategies (Porter, 1980) may be used to highlight the company’s strategy. Outline the countries and trading blocs the company operates in. You may wish to highlight this on a map. All information must be referenced according to Harvard style referencing. At this stage, the chosen product/service as well as the new country can be highlighted as a potential new market but reinforce that in order to enter this market, an audit (internal/external) must be carried out to determine whether this is viable or not? | 10 | The application of theory and practice in terms of assessing the company’s internal capabilities and external opportunities (situation analysis). You need to outline the internal capabilities of the organisation as well as an external analysis. Some of the theoretical models that can be used are highlighted in Tutorial 1. Some or all may be used - it is entirely up to you. Internal analysis – Marketing Assets (Drummond et al. 2003) or any other models that you may be aware of from our/other modules such as the Value Chain, PLC,......

Words: 694 - Pages: 3

Premium Essay

Wal-Mart Compensation and Benefits Changes

...Alanna Warren April 22, 2007 HRM-430 Table of Contents Overview of Wal-Mart 3 Background 3 Retail Divisions 3 Awards and Recognitions 4 Challenges and Problems 5 Pay Gap 5 Health Benefits 6 Problems and Affects 8 High turnover rate 8 Lawsuits 8 Solutions 9 Lowes 9 Wendy’s 9 Recommended Strategy 10 Impediments 11 Impact on Wal-Mart and employees 11 Conclusion 11 Works cited 13 Overview of Wal-Mart Background Wal-Mart is currently the world’s largest retailer and largest corporation. Sam Walton founded the company in 1962 with the opening of the first store in Rogers, Arkansas (Time Line, 2007). Wal-Mart stores provide a variety of services and products for consumers. You can find anything and everything you need from a Wal-Mart store for your house. Today you can even get groceries from Wal-Mart Supercenters. It is like a one-stop shop for all the daily essentials. This makes it easier for consumers to get everything they need without having to go to more than one store. In 1969 the company became Wal-Mart Stores, Inc. (Time Line, 2007). Perhaps the most important year for Wal-Mart Stores, Inc was in 1970 because it was the first year their company stock was traded (Time Line, 2007). Another important turning point for them was in 1972 when they were added to list of companies on the New York Stock Exchange (Time Line, 2007). Retail Divisions ......

Words: 3000 - Pages: 12

Free Essay

Home Dipot Financial Analysis

...1.The Home Improvement Industry consists of companies which sell goods and offer services that are used to improve the quality, value, and living situation of residential housing. 2.Revenue of the industry is 159 billion(US Dollar) 3.Annual growth for the period 2007-12 is -2.8%. 4.It came to existance post world war ii intensifying price competition and the continued dominance of the industry's top players keep profit down. 5.This industry includes stores that sell a broad range of home repair and maintenance goods like hardware, tools and electrical goods, as well as lumber and structural material for construction and renovations. Stores that focus on a specific area like flooring or wall coverings are excluded from this industry. Operators purchase goods from domestic and international manufacturers and wholesalers and sell them to end-users, such as do-it-yourself consumers and professional contractors. 6.Home improvement is the process of renovating or making additions to one's home. Often, a professional handyman is hired to perform the improvements but, typically, most improvements are done on an amateur DIY basis by the homeowner. 7.Several major retailers, such as Home Depot and Lowes, specialize in selling materials and tools for DIY home improvement. These stores even host classes to educate customers how to do the work themselves. 8.U.S. Census data show a boom in home repair and improvement between 1982 and 1992: a 115% increase, the largest of any...

Words: 814 - Pages: 4

Premium Essay

Wal-Mart - Deriving Business Value from Sustainability Strategy

...economically affect a business along with the anticipation of competitor’s reaction to their precise move. Oligopolies are everywhere and can be detected from wheat that is managed by large agriculture groups to cell phone companies. Oligopolies How do firms in the industry compete? Managers within interdependent industries make decisions that will affect not only their firm, but they must consider the reaction to their competitor as well. Without this consideration, the rival’s reaction will certainly affect his or her own sales and profitability due to that decision, which may or may not be intended. An oligopoly can be formed when a selected few companies dominate a market, such as the computer market of Microsoft and Apple make up nearly one hundred percent of the computer operating market. (State Owl, 2012) Therefore, the competition between Apple and Microsoft most likely use analytical guides or tools for making decisions in situation involving their interdependent relationship. (Thomas, Maurice 2010, p. 513). The majority of the competition is between Microsoft and Apple, with Microsoft, as the dominant company with a staggering 85.17% and Mac with 13.64%. (State Owl, 2012) Although, the competition is legendary between these two companies, they have rivaled one another within retail stores, creative advertisement, and price and cutting edge technology. (MacManus, 2013) Where one has gained the other one may have “loss”, but they continue to......

Words: 2989 - Pages: 12

Premium Essay

Financial Research Report: Lowe's Companies

...Financial Research Report: Lowe’s Companies, Inc Strayer University Abstract Review of Financial Research Report: This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment.  The report is due in Week 10, in needs to be at least 5 pages, and it needs to cover the following topics: Company Overview:  Conduct research and describe the company, its operations, locations, markets, and lines of business. Collect financial statements for the past three years, fiscal or calendar. Ratio analysis: Perform trend and ratio analysis on current and fixed assets, current and long term liabilities, owner’s equity, sales revenues, EBIT, net income, and earnings per share. Project these trends for three years. Stock price analysis: Research the company’s common stock price for the past five years.  Research the Standard & Poor’s Stock Market Index (S&P 500) for the past five years. Chart the price movement in the company’s common stock against the S&P price movement. State and support your opinion on the company’s common stock as an investment opportunity. References:  Use at least five references and follow APA format when preparing the report.  Lowe's Companies, Inc., is the second-largest home improvement retailer in the United States (trailing Home Depot Inc.), holding about six percent of the $140 billion home improvement market. No longer a low-profile company, Lowe's evolved from a regional hardware...

Words: 1934 - Pages: 8

Premium Essay

Economic Crisis

...Strategic Audit of Lowe’s Companies, Inc. | Explore Page 1 of 70 Home Blog Contact Site Map Explore Learn. Live. Share. http://www.jacobcamp.com/2011/05/29/strategic-audit-of-lowes-companies-inc/ 5/25/2012 Strategic Audit of Lowe’s Companies, Inc. | Explore Page 2 of 70 Strategic Audit of Lowe’s Companies, I May 29, 2011 | Business Development,ERP,General Business Home » Blog » General Business » Business Development » Strategic Audit of Lowe’s Companies, In Click for PDF:     Lowe’s U.S. Strategic Audit Spring 2011 Lowe’s Company, Incorporated is a home improvement retailer that has stores throughout the Unit following report is a student strategic audit for Mike Anderson’s strategic management course at th undergraduate student project team was composed of the following people: Keelie Cox, Alicia Kelly Wu, and myself (Jacob Camp)   I.                  Executive Summary This report critically overviews the U.S. Division of Lowe’s Company, Incorporated. The purpose of accurate and current representation of Lowe’s through research using a variety of sources, method statements, recommendations, or opinions offered herein are only perspectives from the respective state that these aforementioned statements will come to fruition. The current operations, performance, and policies of Lowe’s will most certainly lead the company t the fortunate position to avert disaster. A note of exceptionally good news is that Lowe’s was evalu with a probability...

Words: 15721 - Pages: 63

Free Essay

Harvard Referencing

...you are summarising or paraphrasing their ideas or quoting their words directly. Basically, all you need to do is to write the author’s or editor’s surname and the year of publication like this (Hales, 1986) or like this as discussed by Hales (1986). You may sometimes have a corporate author, rather than a personal author, like this (British Retail Consortium, 2007). If you have used two documents by the same author published in the same year, distinguish them by adding a suffix like this (Lowe, 2005a; Lowe, 2005b). If there are two or more authors or editors for a document, put them all in your citation like this (Riley, Ladkin and Szivas, 2002). If you want to cite several works together, because they all support your argument about a particular point, list them chronologically, and if there is more than one for a particular year put those in alphabetical order, like this (Hales, 1986; Wrigley and Lowe, 1996; Howard, 2001; Sigala, Lockwood and Jones, 2001; Riley, Ladkin and Szivas, 2002; Lowe, 2005b; Key Note, 2006; Lee-Kelley, 2006; SadlerSmith, 2006). If you are quoting another author’s words, it is important that you make this clear by using quotation marks and including the page numbers in your citation like this “Many businesses now operate in a knowledge economy that is networked, digital, virtual, fast-moving, global and uncertain.” (Sadler-Smith, 2006, p.30). How do I write a reference? The full reference for each of the documents you have cited in your text......

Words: 3721 - Pages: 15

Premium Essay

Balance Sheet

...James Lowe ACC201 Financial Accounting Module 1 Case Assignment Part I. Search the course background information, the Internet and/or the Cyber Library. Discuss each of the following terms. Your discussion should expand on the definition as given in the course terms. Explain why this concept is important to financial statements. A. Generally Accepted Accounting Principles. As per Investopedia, GAAP refers to "common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information." GAAP provides guidelines to prepare and present the financial statements. GAAP ensures consistency in the preparation of financial statements. It provides credibility to the financial accounting records. GAAP relates to all the aspects of recording, preparing and presenting the financial transactions. B. Liquidity. As per Investopedia, Liquidity refers to: 1. The degree to which an asset or security can be bought or sold in the market without affecting the asset's price. Liquidity is characterized by a high level of trading activity. 2. The ability to convert an asset to cash quickly. Also known as "marketability". Hence Liquidity refers to the ease of conversion of assets in cash. Current assets are more liquid that fixed assets. An organization......

Words: 744 - Pages: 3

Free Essay

Zen Mobil

...Table of content Introduction 3 Overview of Jakarta 4 The International Marketing Mix 5 Product 5 Place 7 Pricing 8 Promotion 9 The market entry strategies 10 Conclusion: 11 Final remarks 11 Bibliography 12 Introduction As a second year Marketing student from the Katholieke Hogeschool Leuven, I wrote this paper in the context of the comprehensive assignment II. This assignment is an educational subject that belongs to the fourth semester of the bachelor Businessmanagement in Marketing. This comprehensive assignment was given to the students to learn and understand about the basic principles of international marketing. Each student was assigned to make a plan for a Belgian company that wants to export its product to another country. I recently got back from a long stay in Jakarta, the capital city of Indonesia. During this stay, I was confronted by the biggest problems of Jakarta. Which is traffic jam, pollution, parking and high car expenditure. Jakarta has a bad reputation for having some of the worst traffic-jams in the world. (www.thejakartaglobe.com) Belgium on the other hand is more environmentally friendly than ever. Smart mobility solutions have expanded in the past couple of years. So I decided to write an export plan for the Belgian company Zen Car. It’s a company with a new concept of green mobility. Its system of sharing electric, silent and non-pollutant cars is simple and practical. Zen car in Jakarta is the topic of......

Words: 3307 - Pages: 14

Premium Essay

Sales

...Recent Marketing Strategy of British Petroleum Company Overview British Petroleum Plc, sometimes called BP, is one of the largest oil and gas companies in the world. The petroleum company has operations that include the exploration and production of natural gas and crude oil such as refining and manufacturing the petroleum products. Part of the operations are the construction or expansion of the facilities that can support the production, mining, and then, transporting the produced crude oil. British Petroleum adopted some strategies in marketing the refined products, trading gas and power, and marketing liquefied natural gas since it is used in most of the households. The company’s operations has been spread in over six continents and counting more than 100 countries. Their main headquarter is in London, United Kingdom and approximately employs 97,600 people. The Disaster On March 23 in the year 2005, a deadly explosion happened at approximately 1:20 p.m. and acquired the national attention of the other oil and gas plants and corporation. Through the assessment and inductive investigations of the professionals and officials of the British Petroleum, the incident occurred due to an ignition of the chemicals. The company’s unit managers and operators admitted that they made some mistake in the process of handling the fluids, in which unexpectedly result in an explosion.   Based on the report, the explosion was the main responsible for the death of the company’s 15......

Words: 932 - Pages: 4

Free Essay

Home Depot Financial Case Study

...Corporate Overview Table of Contents Corporate History 2 Top Management Team 3 Conclusion 5 Appendix A – Vertical Analysis 6 Appendix B – Horizontal Analysis 7 Appendix C – Ratio Analysis 8 Appendix D – Strengths and Weaknesses 9 Appendix E – Miscellaneous 10 Footnotes 11 Corporate History The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. In the late 1970s, they were both officers in a Southern California home-center chain called Handy Dan when turnaround artist Sanford S. Sigoloff took over Handy Dan's ailing parent company, Daylin Inc. The corporate raider was notorious for gutting senior management, but as Marcus writes in the duo's autobiography, Built From Scratch, "Handy Dan made so much money that we thought Sigoloff would be stupid to get rid of us." They thought wrong. In 1978, citing trumped up charges that they had allowed an underling to create a fund improperly used to fight a union at Handy Dan stores in San Jose, California, Sigoloff did fire Marcus and Blank. The Home Depot is a do-it-yourself, home improvement store based on excellent customer service, low prices, and a wide selection of products. The company is headquartered in Atlanta, GA, where the business began with two stores. From the start, associates offered the best customer service in the industry by guiding customers through projects such as laying tile, changing a fill valve, or handling a power tool. Store associates undergo rigorous product......

Words: 1848 - Pages: 8

Premium Essay

Global Marketing

...preparing for classes and assessed work. * Ensure that mobile phones are switched off and away in bags in lectures and seminars at all times. * Be punctual and make every effort to meet your attendance and assessment requirements and let us know if you can't. * Have a regular dialogue with a personal adviser, or in the case of research students, your supervisor. * Reflect on your learning and the feedback you are given and use this reflection to help in your future development. * Keep up to date with information related to your module. About your module Rationale Many companies now operate in global markets. International markets are of increasing importance, both in terms of marketing opportunity and because many firms are subsidiaries of global organisations. Companies operating in the global market face greater levels of risk and uncertainty than those companies that purely operate in a domestic market. This principally stems from the marketer’s unfamiliarity with other cultures, marketing environments, and business practice. Summary of aims * To introduce you to the theory and practice of marketing in a globally competitive environment. * To develop your understanding of the management capabilities needed in the global marketing decision making processes. * To provide you with the opportunity to explore in depth the conceptual frameworks which influence global marketing. * To give you the opportunity to apply the analytical......

Words: 7524 - Pages: 31

Free Essay

Computer Oss Comparison Essay

...Linux has grown in popularity and capability over the years, but is it competitive with its competition. In this paper an overview of the Linux 2.6 Operating System (OS) and how it functions/performs on the technical level will be discussed. Comparisons to other retail OSs such as, Windows, Mac OS X, and prior versions of Linux will be used to show the strengths and weaknesses of this OS. “Linux was created by a student (Linus Torvalds) in Helsinki in 1991 with the assistance of developers from around the world. Linux is free, it shares its work with everyone — including competitors — and its business model is motivated primarily by adrenaline, altruism, and peer respect rather than by money. Yet, Linux's functionality, adaptability and robustness has made it the main alternative for proprietary operating systems, especially where budgets are a main concern.” (OEDB, 2007). As it is stated above Torvalds creation was a key proponent in creating the Open Source Movement, which has paved the way for the many distributions of the Linux Kernel. In the beginning Linus Torvalds was an IT student with the desire to test the limits of his current computer. During this time Torvalds was working with the MINIX OS which was create to be a cheap alternative to UNIX. Torvalds wanted to modify the kernel of MINIX and found that this was not possible so he began to create Linux. In the beginning Linux did not offer a lot of features and seemed to be lacking in ability (Diedrich,......

Words: 1869 - Pages: 8

Premium Essay

Economics for Society

...500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot Home Depot is one of the largest home improvement retailer in the world. With stores in the United States, Canada, Mexico and China. Home Depot was founded in 1978 by Arthur Blank and Bernie Marcus, along with investment banker Ken Langone and merchandising guru Pat Farrah. Their vision was to open a store as a one-stop shopping for the do-it-yourself individual. Home Depot opened their first store on June 22, 1979, in Atlanta, Georgia. In 1981 Home Depot went public on NASDAQ and moved the New York Stock Exchange in 1984. Between 1980’s thru 1990’s the company saw tremendous growth, in 1989 the company celebrate their 100th store opening. The company wish to expand their store globally, so they open the first home improvement centers in 1994 in Canada with the acquisition of Aikenhead’s home improvement centers, in 2001 under the acquisition of Total HOME that expand the vision in Mexico, and 2006 the company extended its reach to China by acquiring the The Home Way, a 12 store chain. Their global expansion demonstrates how The Home Depot combines its vast knowledge of the home improvement industry with the needs, shopping trends and customs of each unique geography to best serve customers. They are committed to being a global company by......

Words: 2478 - Pages: 10